Schulte Roth & Zabel International LLP > London, England > Firm Profile

Schulte Roth & Zabel International LLP
ONE EAGLE PLACE
LONDON
SW1Y 6AF
England

Investment fund formation and management > Hedge funds Tier 1

Clients have a positive impression of the team at Schulte Roth & Zabel International LLP, commending it for providing ‘a Four Seasons-level service to every client’ and the group’s ‘unparalleled experience with hedge fund start-ups and the large hedge funds in the UK’. Lawyers at the firm have experience across the hedge funds space, regularly handling fund formations and operations, in addition to being able to utilise regulatory, tax, finance and M&A experts across the firm. Josh Dambacher's practice spans the full range of non-contentious hedge fund matters, and he is increasingly called upon in cryptocurrency and digital asset structures. Dambacher jointly heads the team alongside Christopher Hilditch, who is able to provide strategic-level advice on structuring and fund operation. Lee Smith is another name to note for fund formation, while Anna Maleva-Otto, who ‘thinks out of the box', has a strong reputation for her regulatory and compliance knowledge.

Practice head(s):

Josh Dambacher; Christopher Hilditch

Other key lawyers:

Lee Smith; Amy MacDonagh; Drew Miller; Anna Maleva-Otto

Testimonials

‘Excellent technical and commercial know-how on the hedge fund space. Veritable one stop shop for hedge fund legal service, market leading practice in London.’

‘Josh Dambacher – leading figure in the hedge fund space, very well connected, very strong commercial nous, savvy negotiator.’

‘The entire team is trained on UK and US issues — this sets SRZ apart from its competitors who lack this offering and it also makes SRZ more efficient than others firms. The team provides ‘Four Seasons’ level service to every client, looking for practical solutions not just legal road blocks. They have unparalleled experience with hedge fund start-ups but also represent most of the large hedge funds in the UK.’

‘Josh Dambacher’s passion for his clients and their success is palpable. Josh is a practical problem solver that ensures every member of the SRZ juggernaut is client-focused. He is always available…  always on. Josh is the only funds partner in the market to cover UK and US issues simultaneously and has unparalleled experience in investor negotiations including seed deals, side letters, managed accounts. From my perspective, Josh is the king of hedge fund launches.’

‘Compared to other firms SRZ is the firm with the greatest wealth of experience in investment management in the City bringing the knowledge they have accumulated in light of the sophistication of the mature US market and the only one with equal exceptional expertise in UK and US law in the same time zone. They are at the forefront of the latest developments and always precursors in their field. They have seen and done it all. If they have not done it, they will invent it. They are the stamp of quality that top managers should seek for their business. They are free from conflicts so will always be jurisdictionally neutral – that is what you would expect from a trusted adviser. They also have the deepest lawyers bench specialised in investment management in the city such that they are responsive and of utmost quality.’

‘Josh Dambacher is the absolute star of the show – he is a gem – he knows it all and has single-handedly changed the investment fund market in the City. He is THE GO-TO person when it comes to investment funds – the one and only. His technical knowledge is unrivalled, his experience is unparalleled and his creativity in finding solutions very rare (most lawyers over lawyer everything and complicate things – not him) – there is no match. His constructive approach to problems shines through when things get tough or complicated. He is also an amazing leader for his team whom he has trained from scratch. He offers exceptional service, is always reachable, and cares about his clients beyond what would typically be expected. No-one has negotiated as many seed deals as he has in the City – if you want to raise money as a manager, you want him on your side!

Anna Maleva Otto is excellent for reg and compliance and has developed a real expertise in support of the manager clients. She also thinks outside of the box.’

Key clients

Alpha Wave Global

BlueDrive Global Investors LLP

Bybrook Capital

Carrhae Capital LLP

Clean Energy Transition LLP

Credit Suisse Insurance Linked Strategies Ltd.

DSAM Partners (London) Ltd.

Eisler Capital (UK) Ltd.

Engadine Partners LLP/Kairos Investment Management Ltd.

Florin Court Capital LLP

Gladstone Capital Management LLP

Haven Cove Capital Management

Kersley Street Capital LLP

Manchester Global Management (UK) Limited

Marshall Wace LLP

Orchard Global Asset Management

Oxylus Capital Ltd.

Palliser Capital (UK) Ltd.

Pantechnicon Advisors LLP

Perbak Capital Partners LLP

Qube Research & Technologies

Saidler & Co.

Securis Investment Partners LLP

Squarepoint

TCI Fund Management Limited

Work highlights

  • Advised Clean Energy Transition LLP on the setup of their new investment management business and spin-out from Lansdowne Partners.
  • Advised Eisler Capital (UK) Ltd. on the launch of a new US$1 billion multi-strategy fund structure, focused on a range of investment products.
  • Advised Saidler & Co. on the establishment of a new US-based investment management business and the launch of a Cayman Islands master-feeder fund structure which invests primarily in digital assets.

Investment fund formation and management > Private funds Tier 5

Schulte Roth & Zabel International LLP has a varied practice covering funds across a range of asset classes, including private equity, credit and growth capital. The private funds team draws on the wider firm’s expertise in hedge funds to advise existing hedge fund clients on establishing closed-end funds. It also has a specialism in litigation finance funds. Josh Dambacher and Christopher Hilditch jointly lead the team and offer broad funds expertise, with Jim McNally another name to note. Dambacher is praised as ‘smart, articulate, knowledgeable and sensible’.

Practice head(s):

Josh Dambacher; Christopher Hilditch

Other key lawyers:

Testimonials

‘We feel that the Schulte team really knows us as a client.’

‘They bring to bear a deep understanding of the private funds space – commercial, legal and regulatory – from both sides of the Atlantic.’

‘Their lawyers are smart and responsive and it feels like you are dealing with one team, whether the lawyer is in London or New York or somewhere else.’

‘Josh Dambacher is our client partner for both private fund and hedge fund work. He is smart, articulate, knowledgeable and sensible.’

Key clients

401 Capital Limited

Alpha Wave Global

Arrowgrass Capital Partners LLP

Bybrook Capital

Cyrus Capital Partners Europe LLP

Fidera Vecta Limited

Flight Story Ventures LLP

Gurr Johns Capital Limited

Hagens Berman UK LLP

JNE Partners LLP

Kingsway Capital Partners Limited

Marshall Wace LLP

Naya Capital Management UK Limited

Orchard Global Asset Management

Palliser Capital (UK) Ltd.

Work highlights

  • Represented Alpha Wave Global in establishing a joint venture with Chimera Capital to manage Alpha Wave Ventures II, LP — the fund invests in growth assets globally and has raised over US$10 billion to date.
  • Advised Fidera Vecta Limited in connection with the spin-out of York Capital Management’s UK operations, being the management of four principal funds and a number of managed accounts/funds of one, all focusing on the distressed credit space.
  • Advised its longstanding hedge fund client, Marshall Wace LLP, with respect to its move into the closed-end funds space, with a focus on cross-over investments.

Corporate and commercial > Financial services: non-contentious/regulatory Tier 6

Schulte Roth & Zabel International LLP enjoys a significant presence within the alternative investment management industry and also caters to a number of proprietary traders, broker-dealers, placement agents and electronic trading platforms. Practice head Anna Maleva-Otto leverages experience in the establishment and operation of FCA-regulated businesses, EU and UK market trading and the impact of EU directives and regulations.

Practice head(s):

Anna Maleva-Otto

Other key lawyers:

Josh Dambacher; Jim McNally; Polly O’Brien

Testimonials

‘Very hands on and responsive to queries and questions – understand the importance of the right answer in a timely manner.’

‘Very helpful and knowledgeable in their field of expertise.’

Work highlights

  • Advised a number of UK and global asset management groups on the implementation of the FCA Investment Firms Prudential Regime (IFPR).
  • Advised several UK and Swiss asset manager groups in connection with several investment fund and new manager launches focused on digital assets strategies.
  • Advised a number of UK and US asset managers on the viability of launching fund products promoted as having ESG features.

Since its founding in 1969, Schulte Roth & Zabel has been at the forefront of the alternative investment fund formation space and is widely acknowledged as the industry leader. The London office, operating for nearly 20 years, is one of London’s premier law firms advising alternative investment funds, their managers and investors.

The London office provides both UK and US law advice to a wide variety of funds and managers located in the United Kingdom, continental Europe, the United States and other global locations. The lawyers have significant experience in structuring and negotiating seed and strategic investments, in UCITS formations, as well as structured finance transactions related to alternative investment funds. The London office has seen its regulatory practice thrive and is one of only a few firms with lawyers specifically focusing on regulatory and compliance matters within its private investment funds practice. In addition to handling major European fund formations and assisting with their ongoing operations, the office advises London managers on setting up US funds and advises on regulatory and tax issues associated with establishing a London presence.

DepartmentNameEmailTelephone
Contacts Josh Dambacherjosh.dambacher@srz.com
Contacts Christopher Hilditchchristopher.hilditch@srz.com
PhotoNamePositionProfile
Josh Dambacher photo Josh DambacherJosh Dambacher is a London-based partner in the Investment Management Group at…
Nick Fagge photo Nick FaggeNick Fagge is a London-based partner in the Tax Group at Schulte…
Christopher Hilditch photo Christopher HilditchChristopher Hilditch is a partner in the Investment Management Group at Schulte…
Anna Maleva-Otto photo Anna Maleva-OttoAnna Maleva-Otto is a London-based partner in the Investment Management Regulatory &…
Jim McNally photo Jim McNallyJim McNally is a corporate and funds partner in Schulte Roth &…
Number of UK partners : 8
Number of other UK fee-earners : 14
English
AIMA