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Mimi C. Cheng
 

Mimi C. Cheng

Partner
 
1999 Avenue of the Stars – 29th Floor
Los Angeles, CA 90067 
 
Email:
Fax: +1-310-407-7502

Mimi is a Partner in Simpson Thacher’s Banking and Credit, Fund Finance and Backleverage and Investment-Backed Financing Practices, and has extensive experience counseling private equity funds, investment banks and other large financial institutions on the use of leverage products secured by, or referencing, public and private investment property. She regularly advises on financings designed to facilitate and support fund investment activities, including subscription facilities, NAV facilities, hybrid subscription and basket facilities, margin loans and other forms of backleverage. Mimi has represented clients including BlackRock, Blackstone, KKR, KSL Capital Partners, JPMorgan, Silver Lake Partners and Sixth Street Partners.

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Work Highlights
  • Margin loans secured by significant equity stakes of publicly-traded issuers and/or debt securities
  • Basket backleverage facilities secured by equity stakes of public and private issuers
  • NAV-based facilities and hybrid variations secured by portfolio investments and other fund-level assets
  • Subscription (or capital call) facilities secured by uncalled capital commitments and related rights, with borrowing base capacity for the fund, as well as its parallel funds, alternative investment vehicles and portfolio companies
  • Hybrid debt-and-equity fund investments
Education
  • L’Institut d'Études Politiques de Paris (Sciences Po), 2013 LL.M.
  • University of Pennsylvania Law School, 2013 J.D.
    Associate Editor, Journal of Constitutional Law
  • University of California, Berkeley, 2008 B.A.
    departmental honors; Theresa Cha Fellowship Award for Comparative Literature
Admissions
  • California 2014

A Partner in Simpson Thacher’s Banking and Credit, Fund Finance and Backleverage and Investment-Backed Financing Practices, Mimi represents financial sponsors in connection with debt financings related to a broad array of investment funds, including private equity, real estate, infrastructure and many others. She has extensive experience advising private equity funds, investment banks and other large financial institutions on the use of leverage products secured by or referencing public and private investment property, as well as developing bespoke financing structures. Mimi regularly advises on financings designed to facilitate and support fund investment activities, including subscription facilities, NAV facilities, hybrid subscription and basket facilities, margin loans and other forms of backleverage. She has represented clients including BlackRock, Blackstone, KKR, KSL Capital Partners, JPMorgan, Silver Lake Partners and Sixth Street Partners.

Mimi received her J.D. from the University of Pennsylvania Law School in 2013. She also received an LL.M. from L’Institut d'Études Politiques de Paris (Sciences Po) in 2013. Mimi received her B.A. in 2008 from the University of California, Berkeley.

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