USA

Nationwide

Investment Funds: Private Equity: Fund Formation


Investment Funds: Private Equity: Fund Formation - Nationwide

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第一等 |

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for Premier fund formation practice representing some of the largest and most prolific private equity firms. Particularly adept at handling matters with an international element.

Strengths (Quotes mainly from clients) 
"They are one of the most thoughtful firms in asset management in terms of coming up with new ideas and executing complex structures."

"They are successful because of their ability to evolve with the times and to be extraordinarily responsive, business savvy, knowledgeable and agile."

Work highlights Aided Providence Equity Partners on the $5 billion formation of its media and education-focused fund Providence Equity Partners VII.

Represented Third Point in the formation of its $750 million Hellenic Recovery Fund.

Notable practitioners  

Michael Harrell is recommended by clients as someone who "has great judgment and really knows what's going on in the industry." Similarly, clients are impressed by his ability to "provide tremendous strategic guidance."

Erica Berthou is praised for being "relentless and tireless in negotiating and preparing documents and side letters." A "dedicated and responsive lawyer," peers note that she is "talented, smart and very highly regarded."

Jennifer Burleigh is recognized by peers and clients, with one in particular noting that she is "very impressive on fund formation." Recent highlights include advising on the formation of EIG Energy Fund XVI.

David Schwartz is known for being one of the most experienced practitioners in the industry. He recently counseled HarbourVest Partners on the formation of its $3.6 billion global secondary fund Dover Street VIII.

The "fantastic" Rebecca Silberstein "provides excellent client service and puts together excellent teams." Recent work includes advising on the formation of KKR - SPC Merchant Advisors.

Sources attest that Jordan Murray is a "prominent player and adviser" who "brings the right level of expertise and experience."

Significant clients The Carlyle Group, Oaktree Capital Management, Morgan Stanley.

第一等 |

Basic facts about the department
Key offices include New York and Chicago.

What the team is known for Outstanding private equity offering with expertise in US, Asian and European-focused fund formation. Also acts for limited partners on fund investments.

Strengths (Quotes mainly from clients) 
"They take a real business and commercial view with our limited partners because they understand how important investors are to funds."

"Make you feel like you are getting the A-team who then make you feel like you are a priority."

Work highlights Represented the Audax Group in the formation of Audax Private Equity Fund IV, a $1.25 billion buyout fund.

Worked on the formation of a $1.64 billion distressed buyout fund for Marlin Equity Partners.

Notable practitioners  

Bruce Ettelson is recommended by one impressed client as a "go-to person for mission-critical fund issues as well as being one of the industry's best fund lawyers." Others note the number of deals he does, which gives him an "encyclopedic knowledge of market position."

Chris Kallos is noted as a "good counselor with a good bedside manner" who is "exceptionally available."

Andrew Wright "delivers the highest-quality work product" and is praised for his knowledge of emerging trends. He is noted for being "committed, responsive and available" and for having "a deep well of experience." 

John O'Neil has a strong market presence, which leads clients to praise his "good sense of market terms." He is also singled out for his ability to quickly get to grips with fund documents. 

Sarah Kirson has a wide range of expertise and experience in the private equity world. Her ability as an "excellent negotiator" is praised by clients as is her responsiveness.

Significant clients Energy Capital Partners, Golden Gate Capital, ABRY Partners, AEA Investors, Starwood Capital Group.

第一等 |

Basic facts about the department
Key offices include New York, Palo Alto and Los Angeles.

What the team is known for One-stop shop for private equity fund formation, with experience in buyout funds as well as nontraditional structures. A go-to for some of the most sophisticated clients in the market. 

Strengths (Quotes mainly from clients)
"Their fund formation work is state-of-the-art. They do outstanding work and they are clearly leaders in the field."

"They have excellent market awareness and judgment because of the breadth of the industry they represent."

Work highlights Advised The Carlyle Group on forming Carlyle Partners VI, its sixth US-focused buyout fund, which raised $13 billion.

Represented Platinum Equity Partners in closing its $3.75 billion buyout fund.

Notable practitioners  

The hugely experienced Thomas Bell is singled out as "one of the top practitioners in the field" and is noted as someone who is "very knowledgeable and really understands the business drivers and issues."

"Dean of the industry" Michael Wolitzer is highly thought of by clients and peers. Particularly notable are his "creativity and familiarity with leading trends," as well as his in-depth understanding of the business needs of his clients.

Barrie Covit is widely seen as one of the strongest lawyers in the area by his peers. He heads the firm's relationship with top-tier clients such as Carlyle.

Glenn Sarno has a diverse practice in the alternative investment area and represents premier clients in both domestic and international matters.

Jason Herman has a burgeoning private equity practice and handles the full spectrum of work in the space.

Significant clients Blackstone, First Reserve, Macquarie, Morgan Stanley, Silver Lake.

第二等 |

Basic facts about the department
Key office is New York. 

What the team is known for Highly capable fund formation practice known for working with many of the preeminent private equity houses.

Strengths (Quotes mainly from clients) 
"We regard them as a premier practice. One of the key differences with them is the quality work product we receive from them. It helps them stand out from other firms."

"The key is their ability to comprehensively cover the relationship. We look for exceptional quality and they deliver that seamlessly."

Work highlights Assisted KPS with the formation of its $3.5 billion Special Situations Fund IV, which will focus on corporate bankruptcies and restructurings.

Acted on behalf of Harvest Partners on the formation of its fifth fund, of $1.1 billion, which will focus on investing in middle-market US and Canadian companies.

Notable practitioners  

Marco Masotti is described as "one of the most exceptional lawyers in the area" and someone who "understands issues from a big-issue perspective right down to the technical minutiae."

Robert Hirsh "has a unique way of approaching legal issues and is able to think outside the box to reach a successful result," sources say.

Significant clients Apollo Global Management, General Atlantic, Wellspring Capital, Oaktree Capital Management, Clearlake.

第二等 |

Basic facts about the department
Key offices include Boston, New York and Silicon Valley.

What the team is known for Advising investors, including asset managers and sovereign wealth funds. Standout strength on the regulatory side.

Strengths (Quotes mainly from clients)
"Fine investor-side counsel."

Work highlights Representing Thomas H. Lee Partners in the formation of its seventh buyout fund.

Advised Goldman Sachs Asset Management on setting up a template fund for its secondaries and fund of funds work.

Notable practitioners  

Ann Milner is recommended for her "even-keeled approach when negotiating with investors." Sources note that she is a lawyer of the "highest quality."

Sources praise Larry Jordan Rowe as "cool, calm and collected" as well as "deeply knowledgeable, careful and creative." He regularly advises investors, both institutional and independent, on their private equity investments.

Raj Marphatia is praised for his knowledge of the private equity sphere, with sources describing him as "extremely good" and "very visible" in the market.

Significant clients Bain Capital, TPG Capital, PIMCO, Nordic Capital, RRJ Capital.

第二等 |

Basic facts about the department
Key offices include New York and Boston.

What the team is known for Preeminent for middle-market fund formation. Also recognized for its capacity to handle matters on behalf of larger funds.

Strengths (Quotes mainly from clients) 
"They are very responsive and research matters if they don't immediately have an answer. Any time we need an answer they get back as soon as possible."

Work highlights Represented Crow Holdings Capital Partners in the formation of a real estate fund.

Represented Brookfield Asset Management in the formation of a global infrastructure fund.

Notable practitioners  

Barry Wolf is managing partner of the firm but remains a strong presence in the investment management team.

Jeffrey Tabak focuses on advising sponsors and investment funds on structuring and organizing investments.

Jonathon Soler is active on the fund formation side of the business and comes highly praised by sources.

The "tremendous" David Kreisler "knows what is going on in the marketplace and is able to speak with the experience of someone with a lot of history in the space," say sources.

Shukie Grossman has a great deal of experience in the area, with particular expertise in regulatory matters owing to his time at the SEC.

Significant clients Berkshire Partners, American Securities, Credit Suisse, HM Capital, Lindsay Goldberg.

第三等 |

Basic facts about the department
Key offices include New York, Dallas and Washington, DC.

What the team is known for Advising private equity fund sponsors as well as investors on a broad range of issues. Noted strength in emerging markets.

Strengths (Quotes mainly from clients) 
"The size and breadth of their alternative investment practice means they are keenly aware of all the significant investor, regulatory and other developments in our industry."

"The quality of service is so high that they leave us feeling like we are their only client."

Work highlights Advised Crestline Investors on its joint venture with Kirchner Private Capital Group, which resulted in the creation of the Crestline-Kirchner Private Equity Group. The new group will focus on purchasing zombie funds and underperforming assets.

Notable practitioners  

Prakash Mehta is praised by clients for being "business-minded" and "proactive." His deep roots in the industry allow him to "engage with and introduce clients to the right parties."

Significant clients Apollo Global Management, Jasper Ridge Partners, Angelo Gordon, Riverstone Holdings, Blackstone.

第三等 |

Basic facts about the department
Key office is New York.

What the team is known for Renowned for its global reach and well placed for fund formations with an international element. Transatlantic footprint makes the team a go-to for advice on AIFMD.

Strengths (Quotes mainly from clients)
"They have great expertise across the board and the lawyers are smart, thoughtful and very commercial." 

"They provide great advice in relation to emerging markets and the advice tends to be practical rather than academic." 

Work highlights Continue to advise TPG on a wide range of matters, including the formation of TPG Asia VI, TPG Growth II and TPG ART.

Represented Citigroup in the restructuring and spin-out of major parts of its private equity business.

Notable practitioners  

Sources note Michael Gerstenzang as a "great lawyer" who is a "pleasure to deal with." He is well known for the strength of his fund formation practice, which makes him highly sought in the market.

Elizabeth Lenas covers the full spectrum of private equity and regularly works with some of the industry's most prominent firms.

Significant clients The Raine Group, HSBC, Blackstone Alternative Asset Management.

第三等 |

Basic facts about the department
Key office is New York.

What the team is known for In-depth knowledge of the SEC and CFTC as well as other regulatory bodies. Leading firm for structuring and registration.

Strengths (Quotes mainly from clients)
"When it comes to fund structuring and formation they have got deep knowledge and a deep bench." 

Work highlights Advised Perella Weinberg Partners on a variety of hybrid products, which incorporate features of hedge funds, private equity funds and real estate funds.

Provided advice on Dodd-Frank compliance to clients such as Morgan Stanley and Credit Suisse.

Notable practitioners  

The "incredibly dynamic" Yukako Kawata is considered by one market observer to be the "first port of call for regulatory issues." 

Leor Landa is known for his regulatory knowledge and is praised by sources for being "a good lawyer who gets things done" and a lawyer who is "effective in negotiation because he really tries to achieve solutions." 

Significant clients Crestview Partners, GP Investments, JPMorgan, PIMCO, Tailwind Capital.

第三等 |

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for Representing a diverse client base, including some of the industry's biggest institutional players, in the full spectrum of private equity-related issues.

Strengths (Quotes mainly from clients)
"They are very good at bringing in subject matter experts when they need to and they have a great view of the market."

"The team is very strong and their junior partners and associates do very good work." 

Work highlights Advised Highbridge Principal Strategies on the formation of its $5 billion HPS Mezzanine Partners Fund II, a fund dedicated to subordinate debt securities.

The group acted on behalf of StepStone on the formation of its Secondary Opportunities Fund II, which raised over $100 million more than its original target.

Notable practitioners  

Lawrence Barshay is regularly sought by some of the biggest and most prominent clients in the industry. He is praised by sources for being "responsive, hard-working and thoughtful."

According to sources, Kenneth Rosh "really knows the business" and "has a broad knowledge of complicated fund structures." One impressed client calls him "the best client service partner" they have seen.

Richard Ansbacher is "on the cutting edge of the industry" and "creative in structuring funds," say sources.

Significant clients BlackRock, Fortress Investment Group, Goldman Sachs, Morgan Stanley, Permira.

第三等 |

Basic facts about the department
Key offices include New York, Los Angeles and Washington, DC.

What the team is known for Versatile fund formation practice that works on the gamut of matters. Strong recent experience in real estate funds.

Strengths (Quotes mainly from clients) 
"They are very high-quality and we've been able to develop good personal relationships with the team, which makes working with them very efficient."

Work highlights Represented Evercore Partners in the formation of its $201 million Mexico Capital Partners III fund.

Advised Neuberger Berman on its $2 billion Secondary Opportunities Fund III.

Notable practitioners  

Edward Sopher is an "excellent lawyer" who is a long-established presence in the private equity sphere. He is particularly praised for his business sense, with one source in particular hailing him as "a very commercial practitioner."

Significant clients Credit Suisse, Investcorp, Related Group, I Squared Capital, Olympus Partners.

第三等 |

Basic facts about the department
Key offices include New York, Los Angeles, Chicago and Washington, DC.

What the team is known for Growing private equity practice with noted expertise advising on issues affecting energy-focused funds. 

Strengths (Quotes mainly from clients) 
"They really go above the call of duty, they are extremely responsive, accurate in their work and know exactly what we want – they look very carefully after our interests and deliver a first-class product."

Work highlights Advised Riverstone on its fifth Global Energy and Power Fund, which raised over $7.7 billion in capital.

Acted on behalf of Onex in connection with its fourth Europe and North American-focused buyout fund.

Notable practitioners  

Barton Clark is praised by peers for the strength of his private equity practice. He recently led the team advising Riverstone on its $7.7 billion Global Energy and Power Fund.

Significant clients ONCAP, Carlyle Europe Venture Partners, BDT Capital Partners, Milestone Capital, Searchlight Capital Partners.

第三等 |

Basic facts about the department
Key office is Boston.

What the team is known for One of the most active firms in the investment fund area. Known for its diverse client base, including institutional and independent groups.

Strengths (Quotes mainly from clients) 
"They have great insight because of their deep knowledge of prevailing terms and conditions as well as fund and deal structures."

Work highlights Represented Resource Capital Funds, an early-stage mining investments-focused group, in the formation of its fifth fund, of $2 billion.

Advised Sterling Partners on closing Sterling Capital Partners IV, a $900 million fund focused on growth investments in small and mid-sized companies.

Notable practitioners  

Robin Painter provides "good client service with the business sophistication clients are looking for," say sources. She is particularly well known for representing limited partners.

Sean Hill, who "never fails to give rock-solid advice," is praised by a client as "one of the hardest-working and most responsive lawyers I have seen."

Significant clients JPMorgan Chase, Ares Management, Lexington Partners, Spectrum Equity.

第三等 |

Basic facts about the department
Key office is New York.

What the team is known for Advising capital sources, including institutional investors, high-net worth individuals and sovereign wealth funds, on their investments in private equity funds.

Strengths (Quotes mainly from clients)
"I can have the highest confidence that they have taken the time to really digest the matter that has been presented, and the relevant laws, and that their advice is legally sound and comes from a place of deep experience."  

Work highlights Represented Deutsche Asset & Wealth Management in the formation of a $500 million fund focused on real estate debt investments.

Advised the founders of TrailStone, a commodities and energy-focused investment group, on its formation and capitalization.

Notable practitioners  

Sources say John Caccia "has a keen sense of business and knows the private equity industry like the back of his hand." Caccia represents sponsors and investors in the formation and capitalization of US and offshore funds. 

Significant clients Clarium Capital, Amherst, Stone Point, Public Sector Pension Investment Board.

第四等 |

Basic facts about the department
Key office is New York.

What the team is known for Working with fund sponsors and investors on a wide range of private equity products.

Strengths (Quotes mainly from clients)
"They do a terrific job by being very thorough, timely and responsive, which makes me feel like I am their only client."

"They strike the right balance between being thorough from a legal perspective as well as from a business standpoint."

Work highlights Assisted Octavian with fund restructuring that saw TPG take over its onshore and offshore funds.

Notable practitioners  

Loretta Shaw-Lorello is focused on advising fund sponsors on the full range of issues, including fund formation and regulatory matters.

Significant clients Neuberger Berman, Pantheon Ventures, PineBridge Investments, The Hampshire Companies, Incline Equity Partners.

第四等 |

Basic facts about the department
Key offices include New York and Boston.

What the team is known for Real estate fund specialist with a complementary practice in broader private equity matters.

Work highlights Acted for Advent International on the formation of its $10.8 billion fund, which will focus on investments in Europe and North America. 

Advised Savanna Investment Management on the formation of its third opportunistic real estate fund.

Notable practitioners  

David Watson chairs the private investment funds practice.

Significant clients Brookfield Asset Management, Five Mile Capital Partners, Normandy Real Estate, Pinnacle Ventures.

Band 4 | Linklaters

第四等 |

Basic facts about the department
Key office is New York.

What the team is known for Compact practice advising a select number of leading clients on their most difficult and complex matters.

Strengths (Quotes mainly from clients)
"They have the excellent capability of taking new and complex legal issues and finding simple solutions and getting the job done seamlessly." 

Notable practitioners  

Scott Bowie is prominent in the marketplace and praised by clients for being "extremely commercial." He leads the firm's relationship with industry giant KKR.

第四等 |

Basic facts about the department
Key office is Chicago.

What the team is known for Regularly advises on real estate funds and offers particular expertise in tax issues relating to inbound foreign investment.

Strengths (Quotes mainly from clients)
"They provide commerciality with a sensible legal overlay and they do it on a timely basis."

"Very creative and flexible, they have a bias toward making things work."

Notable practitioners  

John Noell leads the firms US Private Investment Fund Practice.

Significant clients UBS, Prudential Real Estate Investors, Clarion Partners, CBRE Global Investors, LaSalle Investment Management.

第四等 |

Basic facts about the department
Key offices include New York, San Francisco and Boston.

What the team is known for Predominantly investor-side fund group known for being one of the most active in the area.

Strengths (Quotes mainly from clients) 
"They probably see most of the big deals as well as the lesser-sized deals, which means they are always on top of the GP-focused firms."

"Their senior partners provide quality expertise and they are able to work internally to deal with jurisdictions where people typically have to go outside of a firm."

Work highlights Acted for Credit Suisse's Customized Fund Investment Group on its sale to Grosvenor Capital Management, with the new entity managing over $40 billion worth of assets.

Notable practitioners  

Louis Singer is considered to be the "best-known partner on the limited partner side." Clients praise his ability in highlighting critical issues while remaining focused on a commercial approach.

Georgette Schaefer is "absolutely fantastic on complex work and very knowledgeable across private equity," note market observers.

Significant clients JPMorgan Asset Management, Pantheon Ventures, Strategic Partners, AlpInvest, SK Capital.

第四等 |

Basic facts about the department
Key offices include New York and Boston.

What the team is known for Well known for its investor-side practice which focuses on advising pension funds on their private equity investments.

Strengths (Quotes mainly from clients) 
"They are always very client-focused and they ensure that we always get what we want and all within budget."

Notable practitioners  

Charles Jacobs "is very knowledgeable about the market," especially from the perspective of investors. He is one of the most prominent LP-side practitioners.

Sources attest that John Koeppel "has such great long-term experience in the market that he can provide a great vantage point" and "a variety of solutions to different problems because of his acumen."

Other Ranked Lawyers 其他上榜律师

Roger Singer of Clifford Chance US LLP recently worked with Appian Capital on its first global metal and mining fund. He is particularly well known for his work on real estate funds.

Carl de Brito of Dechert LLP has an active practice advising on both fund formation and transactions. He recently advised Sterling Investment Partners on its second buyout fund.

David Goldstein of DLA Piper LLP (US) has an active fund formation practice and is well known by market commentators for his "great knowledge in the space and the issues that surround it."

David Winter of Hogan Lovells US LLP is "a very sharp and a very good lawyer" who brings a clinical approach to his practice, say sources.

Stephen Culhane of Kaye Scholer LLP maintains a diverse investment fund practice and focuses on fund formation on behalf of sponsors.

The "terrific" Joshua Sternoff of Paul Hastings LLP "gives clear, practical advice and is resourceful in answering questions about foreign jurisdictions," note market observers. 

Few people have the experience of Joseph Smith of Schulte Roth & Zabel LLP, say sources, who add that "he has very good judgment because of his experience." 

Timothy Clark of Sidley Austin LLP is praised by sources for his commercial sense, with one noting: "He puts his businessman hat on as often as his negotiating hat."

Sarah Rothermel of WilmerHale is "very knowledgeable on fund formation and has a good feel of where the market is," say sources.

Foreign Experts

Foreign Experts are individuals with expertise in a different jurisdiction to the one they are based in. These individuals are particularly highly regarded for international and cross-border work. Usually, they will be identified in the jurisdiction in which they are based and in their country of expertise.

Senior Statesman

A 'Senior Statesman' is a lawyer who no longer works hands-on with the same intensity but who, by virtue of close links with major clients, remains pivotal to the firm’s success.

Eminent Practitioners

'Eminent Practitioners' are highly influential lawyers in a particular practice area who, due to managerial or client relationship commitments, are less active in day-to-day work but remain key players in the team.

Other Noted Practitioners

Other Noted Practitioners are individuals who have not yet been ranked but are seen to be active and accomplished in this area of law.

Other Noted Firms

Other Noted Firms are firms that have not yet been ranked but are seen to be active and accomplished in this area of law.