Chair, Capital Markets
Erik Klingenberg is the chair of Dentons' Capital Markets practice specializing in structured finance, including all aspects of commercial and residential mortgage-backed securities, asset-backed securities, commercial paper, collateralized debt obligations and other structured products. Ranked Band 2 by Chambers Global and Chambers USA (2020), Erik is praised by clients for his "broad range of expertise and understand[ing] immediately what the client is trying to achieve." Erik assumed an early, prominent role as counsel to various US government agencies and their efforts to restore the financial markets for a range of financial products and situations, including the US Treasury in connection with the Term Asset-Backed Securities Loan Facility (TALF), the US Department of Education in connection with the FFELP Student Loan Commercial Paper Conduit, the Federal Deposit Insurance Corporation (FDIC) in connection with the sale of Indy Mac and the Federal Reserve Bank of New York and JPMorgan Chase in connection with the Maiden Lane I commercial trust.Recommended by The Legal 500 US (2020), his practice focuses on complex, innovative structures, including CLOs, re-REMICS, commercial paper conduits, master trusts and other revolving pool transactions, with assets ranging from residential and commercial mortgage loans, B notes and mezzanine loans to student loans, servicing advances, energy receivables, leases and other asset-backed securities.Erik has extensive experience representing lenders and borrowers in structured warehouse transactions and asset-based financings. He is an adjunct professor of law at St. John's University School of Law teaching the course Securitization, Structured Finance and Capital Markets.