Weil is advising American Securities in its definitive agreement to sell diversified alternative credit fund manager AS Birch Grove LP to Third Point LLC. Upon consummation of the transaction, expected in Q1 2025, Birch Grove will become a subsidiary of Third Point.

Based in New York, AS Birch Grove LP is an $8 billion diversified alternative credit manager focused on corporate and structured credit opportunities primarily within the United States within both the liquid and private credit markets.

The Weil team is led by Head of U.S. Private Funds Jonathon Soler and Private Equity partner Brian Parness and includes Private Equity associates Larissa Lucas and Talli Sharp; Private Funds associate Adam Ofman; Tax partners Robert Frastai and Jonathan Macke and associate Sarah Yue; Technology & IP Transaction partner Dennis Adams and associate Hilary Wilders; and Private Funds Regulatory partners Chris Mulligan and David Wohl.