In the Know: Debt for Nature Swaps: The Critical Role of the Project Manager

Welcome to the May edition of In the Know, Baker McKenzie's Leveraged Finance newsletter that analyzes significant trends and salient legal issues for participants in leveraged finance and high yield markets around the globe.

In this edition, we highlight the critical role of the project manager, whose functions incorporate aspects of a traditional founder, sponsor, arranger and monitoring agent throughout the life of such transactions.

Key takeaways

Debt for nature swaps are, and have been for several years, a hot topic in both international finance and conservation circles. Accordingly, there is no shortage of commentary by practitioners and observers on debt for nature swaps generally, spanning the gamut from enthusiastic boosterism to sceptical wariness. Other than a brief recap of the central concept, this short article does not aim to repeat the many worthy entries to this genre, but rather to focus in on the role of an oft-overlooked but absolutely central figure to these transactions.

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