Firms To Watch: Investment and venture capital funds

Weiss, Porat & Co stands out for its track record in representing leading Asian companies in all their investment operations, including in the field of technology.
With sector expertise in the high-tech and life sciences industries, Horn & Co is noted for recently acting for an Israeli-Chinese investment fund in a joint venture agreement.

Investment and venture capital funds in Israel

Amit, Pollak, Matalon & Co. Advocates and Notary

Amit, Pollak, Matalon & Co. Advocates and Notary‘s private fund formation and transaction practice maintains a leading position in the market, representing half of the technology incubators and innovation labs in Israel, as well as a number of real estate and infrastructure clients. The team is led by Maya Issacharov, whose broad practice spans fund formation, fundraising and representation, while co-head of the high-tech and venture capital department Ian Rostowsky is a key contact for venture capital work. Firm president Yonatan Altman stands out for having over 25 years of experience in the technology sector, and Stephen Barak Rozen focuses on the formation of technology incubator funds to invest in start-ups. Highly praised by clients, Tal Tsarfati-Doron is also noted.

Practice head(s):

Maya Issacharov

Other key lawyers:

Ian Rostowsky; Yonatan Altman; Stephen Barak Rozen; Tal Tsarfati-Doron


‘This is one of the most experienced teams in Israel on these issues.’

‘Maya Issacharov, who heads the practice, is considered the best in Israel in the field.’

‘We have been working with this firm for over 10 years, both commercially and in fund formation. Both teams have been superb in execution: fast, efficient, smart.’

‘Excellent service, always attentive and very knowledgeable. ‘

Key clients

12.64 Fund

Accelmed Growth

aMoon Growth Fund

And Ventures

Canaan Partners Israel


Deep Insight Ventures

F2 Capital

FinTLV Ventures

Firstime Ventures

Forma Fund

Genesis Partners

Glilot Capital Partners


IL Ventures

Inimiti Ventures

Israel Infrastructure Fund- IIF

Klirmark Opportunity Fund


Marathon Real Estate Fund

Merlin Fund

MindUp Ltd.

Mobilion Ventures

Moneta Capital and Moneta Seeds

Nextleap Ventures

Nielsen Innovate Fund

RMGP Biopharma Fund

Shaked Partners

Sparks Foodtech Food Technologies Limited Partnership

StageOne Ventures

Sweetwood Ventures

Terra Venture Partners, TerraLab

The Kitchen Hub

The Time Innovations

Timora Real Estate Fund

Vitalife I, SCP Vitalife II

Work highlights

  • Handled the formation of Timora Real Estate Fund, which raised approx. $190m.
  • Handled the formation of aMoon Growth II, which raised $350m.
  • Handled the formation of F2 Select Fund, which raised $85m.

Goldfarb Gross Seligman & Co.

The January 2023 merger between Goldfarb Seligman and Gross & Co. cemented Goldfarb Gross Seligman & Co.‘s market-leading position in the investment funds field in Israel, where the team routinely represents leading Israeli fund managers, investors and high-net-worth individuals. It is active in an array of matters, spanning fund formation and taxation, venture capital, private equity and real estate fund work. Real estate investment specialist Oren Wolpin and venture capital and private equity funds experts Ayal Shenhav and Layla Chertow are key practitioners, as is Eli (Robert) Barasch, who is recognised for his specialisation in China-Israel cross-border transactions. Eylon Szatmary is well versed in private equity, venture capital, hedge funds and debt funds.

Practice head(s):

Ayal Shenhav

Other key lawyers:

Oren Wolpin; Layla Chertow; Eli (Robert) Barasch; Eylon Szatmary


‘Willingness to provide advice at any time and on any day with deep professionalism and knowledge of the subject.’

‘Out-of-the-box thinking with legal and business advice to match. Extensive knowledge of industry standards and deep understanding of business.’

‘Oren Wolpin and Eylon Szatmary form the perfect team for any fund-related issue, with cutting-edge ideas, attention to detail, and great responsiveness. This team knows what is important to the client and sees their needs when it comes to drafting, reviewing and discussing, whether it is current or ad hoc matters.’

Key clients

83 North

91 Ventures

Abu Family REIT

Accelmed Partners II

Almeda Ventures

Alto Real Estate Funds LLC

Altshuler Shaham Properties

Aluma Infrastructure Fund (2020) Ltd.




Arava Power

Arbor Ventures

Aristagora Ventures

Aviv Venture Capital

Balderton Capital (UK) LLP

Battery Ventures

BayernLB Capital Partner

Bessemer Venture Partners

BIT Enterprises Ltd.

Blumberg Capital

Bullet Ventures

Canaan Partners

Cardumen Capital SGEIC, S.A

Catalyst-CEL China-Israel Fund

Cedar Ventures

Clear Future

Compit Now

Copia Global Markets Fund Ltd.


Deutsche Telekom

Dynamics Ventures


Earlyview Access

eHealth Ventures

Electra Real Estate Ltd.


Exigent HP Fund


Finance Differently




Gsharim Fund


Glilot Capital Partners

Glilot Growth Fund

Goldman Investments

Hanaco Venture Capital

Hasso Plattner Ventures

I Squared Capital


IBI Investment House Ltd.

IBI Investment House Ltd. – COMRIT

IBI Investment House Ltd. – CCF

IBI Investment House Ltd. – SBL

IBI Investment House Ltd. – Tevel

IBI Investment House Ltd. – Volcano

IBI Investment House Ltd. – Quality (QCF)

IBI Investment House Ltd. – CLO Strategies Fund

IBI Investment House Ltd. – Datacom

IBI Investment House Ltd. – Re’em Equity

IBI Investment House Ltd. – Re’em Opportunities

IBI Investment House Ltd. – Re’em Global

IBI PILLAR (International Real Estate)

Insight Partners

Israel Secondary Fund

Israeli SFR Opportunity Fund


K Fund

K1 Fund

Khosla Ventures

Koch Disruptive Technologies

Lenovo Capital


Ma’ayan Fund



Makers Fund

Manor Evergreen

Medica Venture Partners


Meitav Investments House

Menivim the New REIT Fund Ltd.

Menora Mivtachim Holdings Ltd.

Munich Venture Partners

Next Gear

Nili Capital Partners

Norwest Venture Partners (NVP)


Ogen Financial Solutions


Pagaya Technologies Ltd.

Poalim Capital Markets

Profits for Growth (PFG)

Psagot Value Properties Ltd.


REV (Reed Elsevier Ventures)

Rio Ventures Inc.

RUNI Ventures

Ruby Capital

Rysy Properties Limited

Saban Ventures

Scale Venture Partners


Sequoia Capital Israel

Shaked Partners Ltd.


Shasta Ventures

Shemaria Family Real Estate Investment Activity

Sheva Ventures fund

Silver Lake

Sorenson Ventures

Starfund Ventures

State of Mind I, State of Mind II, State of Mind III, State of Mind Momentum

Storm Ventures


Symbol Fund


Technology Crossover Ventures

Temasek Holdings Private Limited


The Crossroads FCP-FIS fund

The Phoenix Insurance Company Ltd.

Phoenix Real Estate Debt Fund

Thoma Bravo

Titan Capital Partners

TLV Partners

TPG Growth

TPY Capital

Triventures Series SPV

Tulip Fund

Unorthodox Ventures

UP West Ventures

Value Fund for Non-Bank Financing Limited Partnership

Verizon Inc. and its Israeli subsidiaries



Walden International

WRVI Global Capital Managers LLC


YL Ventures

York Capital

Work highlights

  • Represented Hanaco Venture Capital in the formation of a series of VC investment funds, advising from inception on all aspects of structuring, formation and fundraising.
  • Represented HomeRun management and a number of anchor investors in the formation of Manor Evergreen Investments Fund, a private equity fund with a unique evergreen structure.
  • Represented IBI Investment House in the structuring, formation and fundraising of alternative and hedge funds, including over 10 distinct financial funds that raised billions of USD combined.

Herzog Fox & Neeman

Herzog Fox & Neeman‘s investment funds department routinely advises on the full spectrum of investment fund work, including fund formation, the drafting and negotiation of investment transactions, and the preparation of exit and liquidations strategies. Venture capital funds and private equity funds specialist Tal Dror Schwimmer jointly leads the practice alongside tax expert Meir Linzen, who is noted for having cross-border tax planning and structuring capabilities. Michal Lavi is the key contact for advice on fund formation, an area in which Gal Sasson is also particularly well versed.

Practice head(s):

Meir Linzen; Tal Dror Schwimmer

Other key lawyers:

Michal Lavi; Gal Sasson;


‘Competent team with good knowledge of all relevant issues. Ability to distinguish between major and minor issues. High availability with quick response time and ability of team members to deal with all relevant issues.’

‘The team members are highly qualified and have excellent knowledge of the law. Tal Dror is certainly one of the leading lawyers in the field, intelligent, fast, efficient, with a deep understanding of all issues and the ability to conduct good, fast and efficient negotiations. We are very happy to have him on our side.’

Key clients


Altshuler Shaham


Arava Power

Arkin Holdings Ltd


Awz Ventures

Ben Simon Sussman Capital Ltd


Bridges Israel

Clal Insurance Company

Cogito Capital


Eden Discovery

Flora Ventures

Greenfield Partners

Grove Ventures

Hanavah Macro

Hyperwise Ventures

Israel Secondary Fund

Jibe Ventures

Leader Capital Markets

Leumi Bank

Lahav Funds

Manor Evergreen Fund

Menora Insurance

Meron Capital


NFX Capital

NGT Ventures

Northwind Group

One Investment Partners


Paz Energy

Poalim Equity



Rakia Capital

Reality Investment Funds

Reality Germany Funds


Shaked Partners

Sphera Hedge Fund

Stardom Ventures

Sweetwood Ventures

Value Base

Viola Group


Work highlights

Meitar Law Offices

Regularly entrusted by leading Israeli institutional and non-institutional investors and managers, Meitar Law Offices notably advises on fund formation, with expertise across venture capital, private equity, hedge funds and real estate funds. The team is particularly active in taxation issues, where tax specialist Eldar Ben-Ruby stands out for his expertise in international taxation, while Hodiya Schnider‘s practice focuses on alternative investments and private investment funds. Other key names include Dan Shamgar, a specialist in corporate and securities issues, and venture capital and debt financing specialist Efrat Ziv.

Practice head(s):

Eldar Ben-Ruby; Hodiya Schnider; Dan Shamgar; Efrat Ziv


‘It is a “one-stop shop” where we can find professional support in tax, legal, and regulatory matters for both the Israeli and US markets.’

‘I have been working with Meitar for a couple of years. They are an excellent, professional, punctual firm.’

‘Efrat Ziv is a creative, talented, and valuable partner. A top-notch lawyer.’

‘Our experience is related to their unique and personal approach. They are very efficient in introducing other professionals to their teams based on the needs of the project.’

‘We work closely with Efrat Ziv, who provides excellent service, even when times are tight.’

‘Professional, strong industry and VC experience, fantastic service.’

Key clients

Pitango Group

Vintage Group of Funds

New Era Capital

Team8 Fintech fund and Team 8 capital

Viola Group

Vertex Group

Key 1

Qumra Capital

ION Asset Management

10D Ventures

Disruptive Ventures

Brosh Capital

Collider Ventures



BeAviv Debt Fund

Lumir Ventures

Work highlights

  • Represented Pitango Group on an ongoing basis, including in the formation of Pitango Growth III, Pitango IX and Pitango Healthcare II Fund.
  • Represented Vertex Group on an ongoing basis, including in the formation of Vertex VII and Vertex Opportunities III.
  • Represented New Era in the formation of New Era Capital Partners II and in the formation of New Era Capital III.

Raveh Haber & Co.

With significant expertise in private equity and taxation, boutique firm Raveh Haber & Co. maintains a thriving investment funds practice, which is a go-to choice for an array of funds and managers seeking advice on structuring and fund formation, exit strategies and tax regulation. Gil Raveh is noted for his specialisation in international tax law and real estate investments, while Miriam Haber is regularly engaged by leading private equity funds and institutional investors in complex, often cross-border transactions. The team also includes private equity partner Yuval Arad and Rachel Arnin, also noted for her knowledge of private equity fund formation.

Practice head(s):

Gil Raveh; Miriam Haber

Other key lawyers:

Yuval Arad; Rachel Arnin; Chaim Tekuzener


‘The team consists of legal experts with in-depth knowledge of this dynamic industry and the legal, tax and administrative aspects, which help us make informed long-term decisions.’

‘Gil, Chaim, and Miriam were committed, knowledgeable, professional, and very plugged in to the local actors, which helped me beyond my expectations in both the legal steps and the business negotiations and process. I enjoyed working with the team at Raveh Haber, and would love to work with them again in the future.’

‘Gil adds tremendous value: without him, we would not have arrived at the same excellent result. He knows when and what to strive for and when to accommodate requests, which really helps to be efficient and get a great result. Chaim and the team worked around the clock to accommodate our requests and were always available for us. We have found a partner for the long haul.’

‘Chaim Tekuziner – Professional, helpful and friendly, brings a wide range of views and helps solve complex problems, together with Gil Raveh and Miriam Haber.’

Key clients

Hamilton Lane

Electra America Inc.

American Landmark LLC

Korman Properties Group

Buligo Partners Group

Value AP Partners II Ltd.

Noy Infrastructure and Energy Funds

Tene Capital Group

Green Lantern Group

Kedma Capital Partners

White Malaga Dekel and More Real Estate Fund I LP

Tishrei Funds Ltd.

Mountain Lion Holdings

The Naftali Group

The Shaked Group

Israel Legacy Partners

Wiser Alternative Funds


Israeli Growth Partners

Work highlights

  • Represented Electra America and American Landmark in the formation of and fundraising for ALEMIF IV LP, their fourth fund for investments in multi-family flat complexes in Southeast United States.
  • Acted as legal Israeli counsel to Hamilton Lane and assisted with the legal, regulatory and tax aspects of the offering of interests in various private investment funds to Israeli institutional investors and high-net-worth individuals.
  • Represented Tene Capital, the control holder of Gadot Chemical Terminals (1985), in its fundraising of $42,000,000 for the purpose of completing the purchase of Haifa Ports Company together with Adani Group.

Arnon, Tadmor-Levy

Arnon, Tadmor-Levy houses a team of experienced practitioners with a track record of representing private equity and venture capital clients across the entire investment fund spectrum. The team is particularly active in fund formation in the real estate, energy, fintech and high-tech fields, with practice co-head Ram Spektor noted for his real estate, infrastructure and energy specialisation. Fellow co-head Yarom Romem regularly advises managers and fund sponsors on the structuring of venture capital and private equity funds.

Practice head(s):

Yarom Romem; Ram Spektor


‘Experts in their field. Efficient and fast.’

‘Highly motivated, independent and professional.’

‘Ram Spektor is very knowledgeable and helpful. He communicates any potential issues clearly and is very easy to work with.’

‘Biggest law firm and trustworthy in regard to their legal advice.’

Key clients


Clal Insurance Company

Gemini Israel Partners

Harel Insurance Company


Ibex Israel Fund (f/k/a Lazarus)


Peninsula SMB

Shefa Capital

The Garage

The Phoenix Insurance Company

Vintage Investment Partners


Meitav Provident Funds and Pension

Moonfare GmbH


Ruby Capital

Joy Capital

Institutional Mortgage Capital

Maven W M

Work highlights

  • Acted for OurCrowd in the creation of its entire investment structure, and continues to act for the client in relation to investment vehicles and ongoing new initiatives.
  • Served as counsel to SLS Partners in the formation of SLS Partners I, a special situations fund investing primarily into Israeli high-tech companies.
  • Advised on the formation of the entire Hetz Ventures family of funds forming Hetz I, Hetz, Hetz III and Hetz Opportunity Fund I, advising on the formation of an SPV to make a late-stage investment in Trigo.

Barnea Jaffa Lande & Co.

Barnea Jaffa Lande & Co.‘s department operates across a variety of jurisdictions including the US and Japan, routinely advising private equity, venture capital and hedge fund clients on fund structuring and formation, while also notably handling regulation work, an area in which Zvi Gabbay is a leading expert. Drawing on his international experience, practice head Roy Engel is recognised as a key player in fund formation. The team also includes Andrey Yanai, a prolific advisor in the fields of blockchain technology and digital currencies.

Practice head(s):

Roy Engel

Other key lawyers:

Zvi Gabbay; Andrey Yanai


‘Roy Engel has always done an amazing job. He understands the clients’ needs, the regulation and legal environment they operate in, and does an outstanding job in representing their best interests. No matter how urgent the issue is, Roy is also available and highly professional.’

‘Business-oriented, with great analytical and practical advice.’

‘Roy Engel is a unique business-oriented lawyer. His and his team’s availability is much appreciated. He understands our needs and provides straightforward answers. He also holds great relationships with top-tier global offices.’

Key clients

Menora Mivtachim Group

Migdal Group



TAU Ventures


Liquidity Capital M.C.

Gilad Pension Fund

The Israel Hedge Funds Association (IHFA)

Harel Insurance and Finance

Work highlights

  • Acted as legal advisor to Menora Mivtachim Group on investments in all kinds of funds and JVs in Israel and abroad.
  • Represented Migdal, one of the largest institutional investors in Israel, in various investments in Israel and abroad.
  • Represented Amitim, a fund established by the Israeli government to unify eight defined benefit pension funds, in various investments.


FISCHER (FBC & Co.)‘s investment funds practice advises both domestic and international funds and investors including private equity, venture capital and real estate funds on fund structuring and formation. Practice co-head Raz Tepper is the key contact for domestic and cross-border mergers and acquisitions, divestitures, joint ventures and restructuring, while fellow co-head Eran Yaniv emerges as a standout for his unique high-tech expertise. With a focus on cross-border transactions, including litigation and arbitration proceedings, Ronald Lehmann is also noted. Other key names include venture capital funds expert Shmulik Fried and private equity funds specialist Ron Sitton.

Practice head(s):

Raz Tepper; Eran Yaniv

Other key lawyers:

Ronald Lehmann; Shmulik Fried; Ron Sitton


‘The firm provided invaluable guidance on our VC investments. Their professionalism and extensive experience are readily apparent. Their counsel consistently demonstrates a keen understanding of the commercial aspects, and we greatly value their prompt and responsive communication.’

‘Eran Yaniv and his team not only led the investment rounds swiftly but also made valuable introductions along the way.’

‘The team is highly proficient, well-communicated and reliable.’

‘Easy to work with, efficient, good knowledge of the country’s practices.’

‘The accessibility of the associate and partner we collaborate with has been impressive. We appreciate their efficiency and, notably, their deep comprehension of our business case, which consistently results in practical and commercially-oriented advice.’

Key clients

SKY Fund

OrbiMed Advisors LLC

Leumi Partners Ltd., the investment arm of Bank Leumi Le-Israel

Peregrine Ventures Growth Fund; Peregrine Ventures V Fund

Sumitomo Corporation

Meitav Dash Investments Ltd.

UMTB, the investment arm of Bank Mizrahi Tefahot

Viola Credit Fund

Helios Fund

Harel Insurance Ltd.

Allied Group

Menorah Mivtachim Insurance Group

NevaTeam Partners

Analyst I.M.S. – Investment Management Services Ltd.

Southern Israel Bridging Fund Two, L.P. (SIBF)


Advent International

Work highlights

  • Represented the four SKY PE Funds in their day-to-day activity, including advising the general partner in connection with investors’ communications, treatment of investments in financial and other reports, and other matters.
  • Represented Harel Insurance Company in a substantial portion of its fund formation activity and its day-to-day fund investment activity as an anchor investor.
  • Represented Viola Credit in multiple fund formations, in connection with novel alternative lending facilities including debt and equity facilities.

Pearl Cohen Zedek Latzer Baratz

Pearl Cohen Zedek Latzer Baratz‘s team of dedicated funds specialists is noted for representing angel investors and venture capitalists alike on the full spectrum of financing transactions, spanning fund formation, structuring, taxation and regulation. Practice head Atir Jaffe‘s broad practice spans high-tech, venture capital and private equity, while Inbar Friedman brings in new expertise in the technology and engineering sectors, routinely representing a litany of technological incubators and private investment funds. Yael Shimon-Many is another key contact for technology and life sciences sector work.

Practice head(s):

Atir Jaffe

Other key lawyers:

Inbar Friedman; Yael Shimon-Many


‘The team’s work is excellent, in tune and very efficient, responsive and punctual in providing advice with the aim of closing and protecting our interests where it counts and making a difference.’

‘Atir Jaffe – a true professional with extensive knowledge of the market and the different players, providing excellent advice and alternative solutions to resolve conflicts and position differences.’

‘Yael Shimon – an excellent professional who knows the market, and has a great perspective and understanding of situations.’

Key clients

IN Venture Fund I – Sumitomo CVC (In venture SCIL LP)

IN Venture Fund II – Sumitomo CVC (In venture SCIL II LP)

COPIA Agro & Food Technologies Fund


Dexcel Pharma

MIDEAL Management Funds

Amplefields Investments Fund


Adi Levanon –Selah Ventures Fund I

Kidron Fund

2B-Angels Extension Fund

Work highlights

  • Represented In Venture SCIL L.P. (INV I), a private Israeli fund of Sumitomo Corporation, in various aspects including fund formation, corporate governance of the fund and various investment deals.
  • Represented Mr. Moran Chamsi and Amplefields Alternative Investments in the formation of a secondary fund aiming at investing in special purpose vehicles to make secondary purchases of securities.
  • Represented Mr. Eran Davidson and Mr. Alejandro Weinstein in the formation of a $150m private debt fund aiming at building, holding and managing debt portfolios.

Shibolet & Co.

A host of investment funds, fund sponsors, managers and high-tech companies routinely turn to Shibolet & Co. for its expertise in venture capital, hedge, real estate and debt funds. The team also stands out for handling work for sustainability and climate technologies focused funds. Practice head Orit Sternhell-Zaltzman‘s notable proficiency lies in representing major Israeli high-tech companies in venture capital investments and M&A transactions, areas in which cross-border transactions specialist Lior Aviram and technology and foreign investments expert Gadi Ouzan are also well versed.

Practice head(s):

Orit Sternhell-Zaltzman

Other key lawyers:

Lior Aviram; Gadi Ouzan


‘Very holistic approach and solid experience.’

‘The small team I work with is very experienced, responsive and accurately listens to each situation being discussed, providing solid solutions.’

Key clients

i3 Partners II

NevaTeam Partners

Capital Nature Ltd.

Harel Insurance and Investments Group

TheDock Navigator II

Kinneret Impact Ventures

Rimonci International Specialized Fund, L.P.

Takwin Venture Partners II, L.P.

Takwin Labs

Schestowitz Holdings

The Kitchen Hub

Millennium Food-Tech

Work highlights

  • Advised i3 Partners on the formation of i3 Partners II LP, a venture capital fund dedicated to making investments in early-stage tech companies.
  • Advised on the formation of NevaTeam Partners, an agri-food tech ESG impact driven fund, pursuing investment opportunities in companies engaged in the development of innovative sustainable technologies in food production.
  • Represented Capital Nature in the formation of a venture capital fund dedicated to investments in early-stage companies in the field of climate technologies.

Vinograd & Co

Alongside its unique expertise in structuring open-ended funds, Vinograd & Co‘s ‘first-class investment fund’ team is also noted for routinely setting up an array of hedge and investment funds, including debt, real estate, P2P and family wealth funds. Practice head and capital markets and investment funds expert Ronen Vinograd is a key contact, as is Sharon Friedman, who notably focuses on capital markets and regulation. The team also includes hedge funds specialist Shy Tzvia and Aviram Grumer, who focuses on the feeder funds market and bond securitisation.

Practice head(s):

Ronen Vinograd

Other key lawyers:

Sharon Friedman; Shy Tzvia; Aviram Grumer


‘Vinograd is a first-class investment fund firm with considerable experience in the whole range of structures on the market. It is always a pleasure to work with them as they provide clients with an excellent service.’

‘Ronen Vinograd is super experienced and extremely competent. He has a very practical approach. Ronen is excellent.’

‘Smart, innovative and caring. The level of mutual cooperation is high and unique. The work is done in a good and pleasant atmosphere.’

‘The team is very professional in the field of investment and regulation. Each team member adds value with an emphasis on specific specialities, a fact that provides an excellent result for the client. The main feeling is that of a boutique office and professional team; an orderly work process is planned, legal products are prepared and engineered in a logical and convenient way for the client, and the whole team can be treated as a dealmaker.’

‘A highly responsive and professional team that knows how the market works and what to focus on. No need for long explanations, concise and effective communication is key.’

‘Ronen Vinograd is an excellent professional with extensive industry knowledge and experience. The best value for money.’

‘The team is completely dedicated to the assignments and takes care of everything. The lawyers are very helpful, and know the most important aspects of each transaction.’

‘Aviram Grumer is a hard-working attorney, closes tasks to their very end, is professional and treats everyone nicely.’

Key clients

Amitim Pension Funds

Excellence Investment House

Menorah Insurance and Pension

Phoenix Insurance

Psagot Investment House

Poalim Capital Markets / Poalim Equity

IBI Investment House group

Migdal Capital Markets – feeder funds

More Investment House

Yalin Lapidot Investment House

Meitav Dash Investment House

Bank Leumi Provident Funds

Phoenix Value Advanced Investments

Ayalon Insurance

Hachshara Insurance

Gilad Pension Fund

Israel Electricity Company Pension Fund

IDI (Bituach Yashir)

First International Bank of Israel (FIBI) – Nostro

Teachers Educationary Fund (Israel’s largest sectorial provident fund – NIS 30 billion)

Shlomo Insurance

Analyst Investment House

Harel Insurance

Tel Aviv University

Bar Ilan University

Beer Sheeva University

Haifa University

BSP Fund of Hedge Funds (USD 1 billion)

Heptagon Funds

Golden Bridge Funds (Tandem Capital)

Pi Opportunities

Atlantic real estate fund

Barkai – FOFs

Hud Fund

Work highlights

  • Represented IBI in the setting up of an open-ended Cayman mutual fund to act as a Fund of Funds that invests mainly in other open-ended funds, mainly real estate debt.
  • Represented Phoenix Value in the setting up of an open-ended Cayman mutual fund to act as a Fund of Funds that invests mainly in other open-ended funds.
  • Represented Migdal Capital Markets in the setting up of an open-ended Cayman mutual fund to act as a FOF that invests mainly in other open-ended funds, mainly real estate debt.

Arnon Segev & Co.

Major financial institutions routinely engage boutique firm Arnon Segev & Co. for advice on complex fund formation, negotiation and agreements. Practice head Nira Bahat is a go-to choice for Israel’s leading institutional investors seeking representation in private equity and debt capital market investments. Senior associate Roy Gil recently left the practice.

Practice head(s):

Nira Bahat


‘A very professional team, attentive, and extremely available. The people are professional, and a pleasure to work with.’

‘The feeling is that you get a very personal treatment.’

‘Nira Bahat is absolutely amazing. Very available, attentive and professional.’

Key clients

Amitim Pension Funds

Ayalon Insurance Company Ltd.

Ben Gurion University of the Negev

Bituahch Haklai central cooperative

Clal Insurance Company LTD.

First International Bank of Israel (FIBI)

Gilad Pension for Religious Employees Ltd.

Hachshara Insurance Company Ltd.

Harel Insurance Company Ltd.

Israel Electric Corporation

Kranot Hishtalmut Le Morim

Leumi Partners Ltd.

Meitav Dash Provident Funds and Pension Ltd.

Menora Mivtachim Pensions and Gemel Ltd

Migdal Insurance Company LTD.

More Provident Funds Ltd.

Moretech Ventures

S. Shlomo Insurance Company Ltd.

Work highlights

  • Advised a fund in the fund formation of the $140m Moretech Ventures II (Cayman), Limited Partnership.
  • Advised the lead Israeli institutional investors – with commitments of $261m – concerning the fund formation of Reality Real Estate Investment Fund 5, LP.
  • Assisted Clal Insurance Company, as key institutional investor, in relation to its $80m investment in Electra’s second real estate fund, Electra Capital PM II LP.

Gornitzky & Co.

Alongside its expertise in venture capital and private equity funds, Gornitzky & Co.‘s team displays significant experience in advising pension funds, insurance companies and high-net-worth individuals on all investment fund-related aspects. The team is jointly chaired by fund formation expert Eyal Raz and Gila Ponte-Shlush, who is regularly engaged by fund managers for her specialisation in fund formation and structuring, as well as in regulatory matters. Known for representing some of the leading institutional investors and high-net-worth individuals in Israel, Amit Ron is another name to note.

Practice head(s):

Eyal Raz; Gila Ponte Shlush

Other key lawyers:

Amit Ron


‘GNY provides a true 360 degree analysis of any situation, doesn’t lose sight of the big picture. I have never worked, in my entire professional career, with people who so consistently, and without failing, give only good advice and provide an excellent work product, even when times are short and situations stressful. We couldn’t be happier to have GNY on our side.’

‘We work closely with partner Eyal Raz and private investment funds partner Gila Ponte Shlush.’

Key clients

Bridge Britain Investments Company Ltd.

Amoon Ventures

Windare Ventures

Leumi Employees’ Provident Funds

Iray Investment Ltd.

Group 11

Fattal Group

Community US Fund Management, Inc

Migdalor Alternative Products Ltd.

Tal Ventures

Catalyst Group

Keystone Reit Ltd. (TASE:KSTL)

Value Base Ltd.

Leumi Partners Ltd.

Migdal Insurance Company Ltd.

The Phoenix Insurance Company Ltd.

The Phoenix Pension and Provident Fund Ltd.

Altshuler Shaham Provident Funds and Pension Funds Ltd. (TASE: ALHE)

Clal Insurance Ltd. (TASE: CLIS)

Clal Provident Funds and Pension Funds Ltd.

Beyond Family Office

Meitav Dash Investment Ltd. (TASE:MTDS)

Menora Mivtachim Insurance Ltd.

Work highlights

  • Advised Tal Ventures on a range of matters related to its funds activities, including the formation of its venture capital fund Tal Ventures Fund II LP.
  • Represented Community US Fund GP LP with fund formation matters pertaining to the Community Fund LP.

Krispin Rubinstein Blecher Law Offices

Krispin Rubinstein Blecher Law Offices stands out for its expertise in venture lending funds, where the team routinely represents venture capital funds and investors. Practice co-head and venture debt specialist Emmanuel Kadouch is noted for his expertise in the Israeli technology sector, while fellow co-head Avrumi Monderer is consistently sought out by both venture capital funds and start-up companies. The new team resulting from the merger between Kadouch & co., Law Offices with KRB in January 2023 also includes M&A and equity transactions expert Dafna Shoham and Michal Tal, who is a go-to choice for high-tech companies seeking advice on investment operations.

Practice head(s):

Emmanuel Kadouch; Avrumi Monderer

Other key lawyers:

Dafna Shoham; Michal Tal

Key clients

Celltick Technologies Ltd.

Casual Speakers Ltd.

Intergata Food Industries (1999) Ltd.

Ovdimnet Ltd.

Kreos Capital

Wenrix Ltd.

Convrt Analytics Ltd.

Cyberwrite Inc.

Whaleapp Ltd.

Andera Partners/Supernova

Sienna Venture Capital

Work highlights

  • Represented French funds Andera Partners and Supernova as lead investors in a $60m Preferred C Round investment in Sonivie, an Israeli medical devices company.
  • Acted for France-based VC fund Sienna Venture Capital as lead investor in a $35m equity investment round in Nexar, a mobility startup.
  • Represented Israeli mobile games company Whaleapp in a multi-phase investment round led by a leading gaming VC fund.

Lipa Meir & Co

Lipa Meir & Co‘s investment funds department represents high-tech companies, investment institutions and a range of funds, including venture capital and private equity funds, in their formation, structuring and management. Private equity specialist Ziv Preis leads the corporate, technology and M&A department jointly with Gary Copelovitz, whose advice spans fund formation, investment documentation and due diligence across the food, tech, healthcare and life sciences sectors.

Practice head(s):

Ziv Preis; Gary Copelovitz

Key clients

Amitim Senior Pension Funds

Charme Capital Partners

Cogito Capital

Beresheit Fund

Tene Investment Fund

Miskai Hakibitzuim (TASE: MSKE) and Bituch Haklai

Harel Insurance Investments & Financial Services LTD. (TASE: HARL)

Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL)

Clal Insurance Enterprises Holdings Ltd (TASE: CLIS)

Menora Mivtachim Holdings Ltd (TASE: MMHD)

AP Partners Fund Limited Partnership

Pharmakon Advisors

Ayalon Insurance Company

Work highlights

  • Represented AP Partners Fund in the acquisitions of Nirit Seeds and TomaTech totalling approximately $50m.
  • Represented AP Partners Fund in the sale of Enerpoint Holdings and RP Optical Lab amounting to $85m.
  • Represented Ayalon Insurance Company in its investment of NIS125m in a real estate fund/venture.

M. Firon & Co Advocates and Notaries

With a focus on mutual funds, M. Firon & Co Advocates and Notaries‘ investment practice is recognised for representing both domestic and foreign venture capital funds, private investors and high-tech incubators. Online gaming specialist Jacob Sarov jointly leads the practice with Oded Ofek, who is highly praised and engaged by a range of fund managers, financial services providers and hedge funds in their investment operations, notably with regard to regulatory compliance issues.

Practice head(s):

Oded Ofek; Jacob Sarov


‘The firm plays a pivotal role in the developments of the banking and financial industry in the field of non-banking financial services, with a comprehensive knowledge of industry regulation in Israel and an unrivalled advantage over other law firms in Israel in non-banking practice.’

‘Ofek Oded is a brilliant, creative, and unique expert in his fields of practice, integrating a wide variety of knowledge in different legal fields, and not only in capital markets, offering a mature, integrated, and enlightening insight into any legal issues’

‘A very experienced, fully dedicated team, recognised as a leader in non-banking financial services in Israel, with great strength in its knowledge and expertise in every aspect of the law and regulations.’

‘Oded Ofek is a well-trained, very experienced and effective professional.’

‘The team led by Ofek Oded has unique know-how and an absolute commitment to clients. It also shows excellent professionalism and specialisation in all regulated capital markets.’

‘Ofek Oded is the leading capital market lawyer in the regulated and unregulated markets in Israel. I would gladly refer to Oded as the best in his field before any other lawyer at any time, and I do this often with my clients.’

‘Ofek Oded is a specialist in the field of investment funds and banking, financing and lending services. He is wise, service-oriented, and innovative in his solutions and thinking.’

Key clients

Yanolja (Korean unicorn)

Excellence Group

Sigma City – management Ltd.

Peninsula Group Ltd.

Kessem Mutual Funds Ltd.

Ayalon Mutual Funds Ltd.

Yelin Lapidot – Asset Management

Noy Fund

Ubank Trust Company Ltd.

Guangzhou Sino-Israel Bio-industry Venture Capital Investment Fund

Altshuler Shaham


The Association of Mutual Fund Managers in Israel

Work highlights

  • Represented Epsilon investment house in its NIS90m sale to Excellence investment house.
  • Represented Ayalon Mutual Funds in the acquisition of Rothschild Fund.
  • Represented Yanolja (a Korean unicorn) in the acquisition of Go Global Travel, from Apax Partners, estimated by the press at over $200m.