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Schulte Roth & Zabel LLP

919 THIRD AVENUE, NEW YORK, NY 10022, USA
Tel:
Work +1 212 756 2000
Fax:
Fax +1 212 593 5955
Email:
Web:
www.srz.com
London, New York, Washington DC

Philippe Benedict

Tel:
Work +1 212.756.2124
Email:
Schulte Roth & Zabel LLP

Work Department

Tax, Real Estate Capital Markets & REITs

Position

Philippe Benedict focuses his practice on the tax aspects of investment funds, mergers and acquisitions, international transactions, real estate transactions and financial instruments. He has advised on many major transactions involving sales or spinoffs of investment fund managers, including Senator Investment Group LP’s sale of a minority stake to The Blackstone Group LP, Caxton Associates LP’s sale of a minority interest to the Petershill II Fund affiliated with the Goldman Sachs Group Inc., and Credit Suisse’s sale of Strategic Partners to The Blackstone Group LP. Philippe advises on the tax aspects of securitizations, including his recent representation of affiliates of Fortress Investment Group LLC and affiliates of Highbridge Capital Management in the securitization of their leveraged facilities. He has also advised multiple alternative asset managers on the formation and structuring of funds, including Engineers Gate with the launch of a quant fund, Clearfield Capital with the launch of a hedge fund, Warlander Asset Management LP with the launch of a credit fund, and D1 Capital Partners in the formation of a new fund; Gunnar Overstrom, formerly a partner at Maverick Capital Ltd., in the formation of Three Corner Global Investors LP; Junto Capital Management LP on the launch of Junto Capital Partners LP and Junto Offshore Fund Ltd.; Trian Fund Management LP on all aspects of launching new co-investment hedge funds; Sachem Head Capital Management LP with the launch of hedge funds and the establishment of long/short equity funds; and Capstone Investment Advisors LLC, JANA Partners, MKP Capital Management LLC and Scopia Fund Management LLC in their respective sales of a passive minority interest to Neuberger Berman Group-managed private equity fund Dyal Capital Partners. Philippe’s recent real estate transactions include advising the Related/Oxford joint venture developing Hudson Yards on closing nearly $1.4 billion in equity investments and debt financing for the center’s first tower, and advising Oxford in over $5 billion in financing of three office towers, a retail center and a residential building for the project; and advising Arel Capital in a number of equity investments, including operating multi-family properties with significant retail components and ground-up development projects for modern condominium buildings in Manhattan and Brooklyn.

Philippe earned his LL.M. in taxation and his J.D. from New York University School of Law. While pursuing his J.D., he was the recipient of a Gruss Fellowship and served on the staff of the Journal of International Law and Politics. He obtained his B.S., summa cum laude, from Adelphi University. Chambers USAThe Legal 500 USNew York Super Lawyers and Tax Directors Handbook have recognized Philippe as a leading lawyer. He is a co-author of Hedge Funds: Formation, Operation and Regulation (ALM Law Journal Press) and also speaks at prominent industry events, including PLI’s Tax Planning for Domestic & Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances 2018 conferences in New York, Chicago and San Francisco. He also recently presented on topics including FATCA, customized solutions for investors, and management company structuring and operations.

 

Member

New York State Bar Association, Taxation Section

Education

New York University School of Law, LLM in taxation; New York University School of Law, JD (Gruss Fellowship; Staff Member, Journal of International Law and Politics); Adelphi University, BS, summa cum laude.


United States: Tax

US taxes: non-contentious

Within: US taxes: non-contentious

Schulte Roth & Zabel LLP advises on investment funds structuring and private equity taxation. Philippe Benedict has particular expertise in domestic and international M&A and real estate transactions, and had assisted Caxton Associates with a share sale to the Petershill II Fund, which is affiliated with the Goldman Sachs Group. Tax planning specialist Dan Kusnetz advised Orchard Brands in its $410m acquisition by Bluestem Group. Department co-heads Alan Waldenberg and Shlomo Twerski are other contacts.

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