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Shearman & Sterling LLP

599 LEXINGTON AVENUE, NEW YORK, NY 10022-6069, USA
Tel:
Work +1 212 848 4000
Fax:
Fax +1 212 848 7179
Web:
www.shearman.com

Paul Schreiber

Tel:
Work +1 212 848 8920
Email:
Shearman & Sterling LLP

Work Department

Investment Funds

Position

Of Counsel

Career

Paul Schreiber, who founded Shearman & Sterling's Asset Management practice more than 20 years ago, currently serves as a senior member of the Investment Funds practice.

He has more than 40 years of experience representing both U.S. and foreign public and private investment companies, their sponsors, advisors, directors, underwriters and administrators in all their registered fund formations as well as regulatory aspects of fund and investment advisory operations, including new product development. He structured some of the earliest registered funds of hedge funds, among a broad range of highly innovative products. He also has a broad background in corporate finance, securities and futures regulations.

Paul regularly represents fund management organizations and fund families (including Torchlight Investors, Skybridge Capital, Miller/Howard Funds, Shorenstein Properties and Shenkman Capital), independent fund boards (including Blackstone Alternative Funds Independent Trustees and Victory Funds Independent Directors), family offices as well as major sponsors and administrators of offshore funds and their related funds.

Member

Member, American Bar Association and its Committee on Commodities Regulation, Corporation and Banking and Business Law Section 
Member, New York State Bar Association and the International Bar Association
Member, Federal Bar Association

Education

New York University School of Law, J.D., 1966, LL.M. (Editor of the Annual Survey of American Law)
City College of New York, B.S.


United States: Investment fund formation and management

Alternative/hedge funds

Within: Alternative/hedge funds

Shearman & Sterling LLPprovides an excellent level of service - all the lawyers are knowledgeable, responsive and practical in their advice’. Sean Finley has ‘an advantage over other outside counsel as he has both law firm and in-house experience’; he advised TRG Management on launching a hedge fund investing in Argentinian assets. Of counsel Paul Schreiber advises Shenkman Capital Management on regulatory matters. Nathan Greene has manager M&A expertise. The firm has hired Buddy Donohue as of counsel, whose ‘strength is his depth of experience and the perspective he provides as a former general counsel of major fund companies, and as director of the Division of Investment Management at the SEC’, as well as Jay Baris, formerly head of Morrison & Foerster LLP’s investment management team. The New York-based team also acts for Juniper Investment Company and Maverick Capital Management.

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Mutual/registered/ exchange-traded funds

Within: Mutual/registered/ exchange-traded funds

Shearman & Sterling LLP provides an ‘exceptional overall level of service - the team is of the highest quality; its knowledge, preparation and guidance is second to none’. The team advises managers and independent boards, and liquid alternative funds are a strong suit in particular. ‘Trusted adviser and pleasure-to-work-withNathan Greene continues to act for the independent trustees of Blackstone Alternative Funds, which manages $4.3bn, some of which is in a fund sub-advised by hedge fund managers. Of counsel Paul Schreiber advised Miller/Howard Funds on a $50m shelf offering for Miller/Howard High Equity Income Fund, circumventing the SEC’s bar on closed-ended registered investment companies from selling fresh shares at a discount to the net asset value. The firm has handled a number of strategic-level matters concerning managers, with Greene advising SkyBridge Capital and its funds on the funds and regulatory change-of-control aspects of the company’s sale to HNA Capital in the wake of founder Anthony Scaramucci’s appointment to a role in the Trump administration. Other clients include SEC-registered fund-of-hedge funds Ironwood Capital Management and Perella Weinberg Partners. The team, which is based in New York, was bolstered in January 2018 through the addition of Jay Baris from Morrison & Foerster LLP - he is ‘leading the industry on the most challenging and innovative issues, including cryptocurrency’.

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