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. Thibault Dupont-Nougein left the firm in February 2026, and Tiana Rambatomanga departed in July 2026.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘Nathalie Duguay is highly competent in her field with extensive experience.’
- '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.’
- ‘Availability, competence, organisation.’
- 'Extensive market knowledge and up-to-date knowledge of the latest developments in fund structuring. Extremely smooth collaboration, regardless of the team member.'
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
- Bpifrance
- CIC Private Debt
- EDF Invest
- Ekkio Capital
- Elevation Capital Partners
- EM 8 Private Equity
- Epopée Gestion
- Five Arrows Managers
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.
Practice head
Nathalie Duguay
Other key lawyers
Anthony Civico