Jennifer K. Grady

Jennifer studies a client's investment thesis and acts as a strategic advisor in decisions about their deployment of capital. Her knowledge of investment structures and their underlying assets informs her ability to effectively anticipate issues and negotiate deals, guarding against risks related to trade execution and settlement, counterparty credit, documentation and asset valuation.

Her derivatives practice focuses on the structuring and negotiation of credit derivative transactions, including loan, bond and bankruptcy claim total return swaps, loan credit default swaps, and traditional credit default swaps in North America, Europe, and Asia.  In addition, she advises clients regarding other derivative products, including equity swaps and interest rate swaps, as well as the evolving regulatory treatment of derivative transactions. Jennifer also represents her financial institution clients in connection with the negotiation of ISDA master agreements, prime brokerage agreements, and related collateral support documentation. She played a critical role in creating the documentation, standards, and customs adopted by the marketplace for transacting in credit default swaps referencing loans.

Jennifer has deep experience in the secondary market for U.S. and non-U.S. loans, bankruptcy claims, and other distressed assets, and has represented multiple CLO managers in designing efficient loan review and settlement procedures. She has substantial experience in transactions involving par and distressed bank debt in the U.S. and European secondary loan markets.  She also advises on financing facilities secured by complex illiquid assets, including solar renewable energy credits, marketplace loans, and derivative instruments.

Jennifer is a member of Crowell & Moring’s Management Board, and she is co-chair of the firm’s Transactional Department. Prior to joining the firm, she was the managing partner of Kibbe & Orbe LLP.