Jennifer Grady, Kibbe & Orbe attorney photo

Jennifer K. Grady

F:  917.344.8893

Overview

Jennifer Grady is the managing partner of Kibbe & Orbe LLP and leads the firm’s Executive Committee. As one of a remarkably small number of female managing partners, Ms. Grady is regularly recognized as a leader in the field.

Ms. Grady represents investment banks, broker-dealers, investment funds and other financial institutions in connection with derivatives transactions, distressed debt and bankruptcy claims trading, special situations investments and financing transactions.

Prior to joining K&O, Ms. Grady was a corporate associate at Simpson Thacher & Bartlett.  more +

Derivatives

Ms. Grady’s derivatives practice focuses on the structuring and negotiation of credit derivative transactions, including loan and bankruptcy claim total return swaps, loan credit default swaps, and traditional credit default swaps in North America, Europe and Asia, as well as advising clients regarding the evolving regulatory treatment of derivative transactions referencing underlying loan assets. She also represents her financial institution clients in connection with the negotiation of ISDA master agreements, prime brokerage agreements and related collateral support documentation. Ms. Grady played a critical role in creating the documentation, standards and customs adopted by the marketplace for transaction in credit default swaps referencing loans.

Distressed & Special Situations Transactions

Ms. Grady also represents investment banks and buy-side clients in connection with the purchase and sale of US and non-US loans, bankruptcy claims and other distressed assets, and has represented multiple CLO managers in designing efficient loan review and settlement procedures. Ms. Grady began her K&O career in the firm’s Distressed Debt group, where she gained substantial experience in transactions involving par and distressed bank debt in the U.S. and European secondary loan markets. She specializes in special situations investing involving complex assets containing derivative components or insolvency proceeding risk.

Finance

Ms. Grady has leveraged her experience in the secondary loan market and the loan total return swap warehouse market to help expand the firm’s robust lending practice. She regularly represents clients in connection with financing facilities secured by complex illiquid assets, including solar renewable energy credits, marketplace loans and derivative instruments.

Experience

  • Represented multiple investment banks providing ABL and warehouse facilities to hedge funds secured by consumer marketplace loans and to marketplace lending platforms.
  • Represented global investment bank in connection with multiple credit facilities secured by solar renewable energy credits.
  • Represented multiple CLO managers in connection with the analysis of underlying loan assets and the purchase and sale of loans and other assets in compliance with indenture requirements.
  • Represented a group of six major hedge funds in connection with the structuring and negotiation of auction documentation relating to the purchase of a portfolio of various subrogation claims and other assets in the Westinghouse bankruptcy proceeding.
  • Represented multiple buy-side clients in connection with the purchase and restructuring of loans and interest rate swap claims against Indiana Toll Road and other distressed infrastructure projects.
  • Represented The Royal Bank of Scotland in sales of two loan portfolios totaling more than $42b to Mizuho Financial Group of Japan.
  • Appointed by Markit Group Limited to coordinate K&O’s duties as the “Designated Law Firm” to perform successor Reference Entity analyses under the North American loan credit default swap product.
  • Led a team representing The Loan Syndications and Trading Association in connection with comment letter submissions and related efforts before the CFTC and the SEC addressing the treatment of loan participations and loan derivative transactions under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
  • Represented multiple broker-dealer and hedge fund clients in the structuring and negotiation of total return swap master confirmation agreements referencing loans and bankruptcy claims.
  • Represented the industry-wide working group that developed and drafted the documentation governing all standard U.S. loan credit default swap transactions.
  • Represented the International Swaps and Derivatives Association, Inc. in connection with the development of the U.S. loan credit default swap tranched and untranched index products.
  • Represented the Loan Syndications and Trading Association in connection with the development and publication of a User’s Guide for the physical settlement of U.S. loan credit default swap transactions, and the development of initiatives to address structural and settlement issues arising in connection with total return swaps on bank loans.

Honors & Awards

  • Selected as an Equality Trailblazer by The New York Law Journal (2019)
  • Named to Crain's New York Business inaugural list of Leading Women Lawyers (2017)
  • Recognized as a Woman Worth Watching by Diversity Journal (2015)
  • Selected as a Rising Star by The New York Law Journal (2014)  

Professional & Community Affiliations

Board Member and Treasurer, Save The Music Foundation

News

Presentations

Publications

Practice Areas
Education
  • Harvard Law School, J.D., cum laude, 1999
  • Wellesley College, B.A., magna cum laude, 1995
Bar & Court Admissions
  • New York