Investment Management

Experience

• Represented a major endowment and a fund of funds in a synthetic loan facility in excess of $100 million from a European private equity secondary sponsor, collateralized by existing private equity limited partnership interests contributed by the investors.  The transaction allowed the investors to draw capital for new portfolio investments while retaining partial upside in the collateralized assets.
• Assisted a charitable investment adviser formed to manage the supporting assets of a large public university and hospital from launch through to the present.  This representation has included tax-exempt qualification, formation of liquid and illiquid strategy investment pools to deploy over $1 billion in investment assets, negotiation of custody, swap and fund administration agreements with banks and advice on compliance with state use of public funds laws. 
• Representing several of the largest U.S. state employee retirement plans in the U.S. on an ongoing basis This work involves negotiating and advising on the legal terms of billions of investments made annually by these three systems across all asset classes.
• Represent numerous real estate fund sponsors across the U.S.  These fund sponsors invest across the spectrum of real estate holdings including retail, office, medical multifamily, hospitality and real estate debt.
• Regularly represent financial advisors in transitioning from their employing broker-dealer (Protocol or non-Protocol member) to another broker-dealer or their own registered investment advisory firm.
• Represented an outsourced chief investment office (OCIO) in completing a secondary purchase of an outstanding hedge fund interest by the OCIO’s foundation client.
• Regularly represent institutional investors in negotiating and advising on their agreements with custodial banks, including custodial account agreements, prime brokerage agreements, securities lending agreements and ISDAs.

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