Willkie Farr & Gallagher LLP team advises on the formation of distressed, infrastructure, real estate, venture capital, debt, philanthropic, ESG and impact funds. The practice is also active in complex GP-led secondary transactions and fundraisings of new types of products. Practice head Nathalie Duguay offers extensive expertise spanning fund operations, transactional matters and regulatory compliance in asset management. Tiana Rambatomanga advises across the full spectrum of private funds, with particular strength in private equity, infrastructure, renewable energy, debt and real estate. Thibault Dupont-Nougein left the firm in February 2026.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Testimonials
Collated independently by Legal 500 research team.
- 'Extensive market knowledge and up-to-date knowledge of the latest developments in fund structuring. Extremely smooth collaboration, regardless of the team member.'
- 'I work primarily with Thibault Dupont-Nougein. Very proactive and pragmatic. He facilitates discussions during difficult negotiations and is a strong advocate on many issues.'
- 'A fairly high-performing team when bandwidth is available. Good advice on specific situations. Fairly good market knowledge. Recurring quality issues with routine but nonetheless important tasks.'
- 'Nathalie Duguay remains a benchmark in the Paris market. Excellent client contact, very good technical expertise. Thibault Dupont-Nougein is a high-quality senior consultant.'
- ‘The team is highly professional, recognised in its market for its technical expertise and innovations.’
- ‘Tiana Rambatomanga is a seasoned professional experienced in negotiating with major LPs, but also capable of adapting to all types of LPs. Her cheerful personality is a real asset in a business relationship.’
Key clients
- 21 Invest France
- Abénex Capital
- Access Capital Partners
- Adagia Partners
- Alpha Private Equity
- Altaroc
- Ambienta
- Astorg Partners
- AXA IM Prime
- BJ Invest
- BlackFin Capital Partners
- BNPP Agility Capital
Work highlights
Advised Rothschild & Co on the successful fundraising of Five Arrows Secondary Opportunities VI, which closed above its target size at €2bn.
Advised BlackFin Capital Partners on the structuring and fundraising of BlackFin IV, its fourth flagship fund.
Advised BNP Paribas Asset Management on the structuring of the BNP Paribas Agility Co-Invest Fund 2, Agility 2.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Nathalie Duguay
Other key lawyers
Tiana Rambatomanga; Anthony Civico