Private Equity: Fund Formation
Global Guide 2024 : USA
Band 4
Contact number
312 558 5600About
Provided by Winston & Strawn LLP
Winston & Strawn represents fund sponsors in the structuring and formation of buyout funds and funds focused on other strategies in the middle market. Our team partners with clients, working seamlessly with them through each phase of their fundraising, from marketing through closing. Our team includes more than 40 attorneys nationwide and collectively has extensive knowledge on the full range of issues involved in fund formations and ongoing operational and compliance matters.
We review annually a significant number of fund investments for institutional investors, including the review, negotiation, diligence and structuring of such investments. Our attorneys regularly advise institutional investors on market terms and relevant securities, tax, partnership, fiduciary, ERISA, and documentation issues.
We have represented numerous clients in connection with their investments as lead or anchor investor in a private equity fund including, special rights with respect to governance, carry, management and other fees and successor funds, among other terms.
Our attorneys also have extensive experience working with Small Business Investment Companies (SBICs).
We regularly represent clients in connection with their minority co-investment programs and the negotiation of investment documentation with deal sponsors.
We have represented institutional investors and managers as both purchasers and sellers in secondary market transactions.
Chambers Review
Winston & Strawn boasts a well-respected practice combining strength in traditional buyout funds, with deep expertise in innovative strategies. Especially capable in the area of credit funds and special situations funds, with a track record of handling formations involving multiple jurisdictions.
Work Highlights
- Winston & Strawn represented NOVA Infrastructure in the formation of NOVA Infrastructure Fund I and its parallel funds.
Strengths
Provided by Chambers
"Winston & Strawn has a deep bench of resources."
"The team has a solutions-oriented approach. It has a strong senior level that is supported by a cadre of talented lawyers that handle the wide range of items."
"Winston & Strawn has a deep bench of resources."
"The team has a solutions-oriented approach. It has a strong senior level that is supported by a cadre of talented lawyers that handle the wide range of items."
Notable Practitioners
Megan Devaney is commended for structuring funds of one and credit funds as part of her wider fund formation practice.
"She has a keen awareness of market trends and how to solve issues."
"Megan is responsive and knowledgeable."