Brent Shultz

Partner | Co-Head of Fund Finance Houston

T +1 713.547.2012

[email protected]

Biography

Brent Shultz is a recognized authority in fund finance, serving as Co-Head of the firm’s preeminent Fund Finance Practice Group and is known for structuring and closing billions of dollars in complex financing transactions. He regularly advises banks and other financial institutions on subscription lines, NAV facilities, hybrid facilities, GP and management loans, and partner loan programs, ranging from $8 billion syndicated facilities to bespoke solutions for emerging managers.

A partner in the Finance group, Brent pairs deep fund finance experience with a broad command of adjacent products and technologies. His work spans leveraged finance, private credit, energy finance, cash‑flow and asset‑based lending, acquisition finance, and project finance, as well as restructuring, bankruptcy, and workouts. This breadth lets him import structures and technologies across markets to solve problems creatively and get deals closed efficiently.

Clients and counterparties value Brent’s practical, business‑minded approach and collaborative style. With a background in business and financial analysis, he’s known for being smart, efficient, and refreshingly easy to work with, even on the most complex deals. He brings perspective, a sense of humor, and a relentless focus on execution that make him a go‑to for sophisticated borrowers and credit providers. Recent matters include leading multi‑bank subscription platforms, innovative NAV and hybrid facilities for family offices, private credit and secondaries funds, and a range of GP liquidity solutions.

Brent serves on the American Bar Association’s Fund Finance Subcommittee, the Fund Finance Association’s External Relations Committee, and regularly speaks at industry events, and publishes in Bloomberg Law, Law360, Private Funds CFO, and the Fund Finance Association. His insights have also appeared in the Wall Street Journal and Bloomberg.

A committed advocate for pro bono service, Brent supports veterans and people with intellectual and developmental differences through his work with The H.E.A.R.T. Program. He lives in Houston with his wife and two daughters.

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Selected Client Representations

Fund Finance

$8 Billion Subscription Financing
Represented the administrative agent and arrangers of a broadly syndicated subscription-secured credit facility for a real estate private equity fund.
$4 Billion Subscription Financing
Represented the administrative agent and arrangers of a syndicated subscription-secured credit facility for a buyout fund.
$1 Billion NAV Facility
Represented Lender in NAV Facility to a private credit fund.
$100 Million NAV Revolving and Term Loan Facility
Represented the administrative agent for a NAV facility to a family office.
$150 Million Hybrid Revolving Credit Facility
Represented the administrative agent for a Hybrid facility to a natural resources fund.
$350 Million Management Company Credit Facility
Represented the lender in connection with a Management Company line of credit to a private equity firm Management Company.
$35 Million Partner Loan Program
Represented the lender in connection with partner loan program to employees of a private equity firm.
$40 Million Equity Commitment Letter-back credit facility
Represented the lender in connection with credit facility to portfolio companies backed by sponsor equity commitment letters.

Leveraged Finance

$5.5 Billion Credit Facility for ConocoPhillips
Represented the joint lead arrangers and joint bookrunners in connection with a $5.5 billion unsecured syndicated revolving credit facility for ConocoPhillips.
$1.35 Billion Secured Financing
Represented the Administrative Agent in connection with a $1.35 billion secured revolving and term loan facility to a major international ski resort.
$600 Million Acquisition Financing
Represented KMG Chemicals Inc. in connection with a $600 million revolving and term loan credit facility for its acquisition of Flowchem, a leading manufacturer of pipeline performance products.
$500 Million Credit Facility for Suburban Propane, L.P.
Represented the lead arranger and bookrunner, and administrative agent, in connection with a $500 million secured syndicated revolving credit facility for Suburban Propane, L.P., a wholly-owned subsidiary of Suburban Propane Partners, L.P., a publicly traded master limited partnership engaged in nationwide marketing and distribution of, propane, fuel oil and refined fuels, and marketing of natural gas and electricity in deregulated markets.
$129 Million Term Loan Facility
Represented Texas Capital Bank as sole lead arranger and administrative agent of a $129 million senior secured term loan credit facility, to SED Houston Real Estate, LLC, to finance, in part, the acquisition by certain affiliates of Redwood Capital Investments of the Houston-area territory assets and operations of Silver Eagle Distributors, L.P., one of the nation’s largest wholesale distributors of Anheuser-Busch and Grupo Modelo products.