Kirkland & Ellis LLP is ‘committed to building a top tier 1940 Act practice’, advising a range of registered funds including registered interval funds and mutual funds, as well as REITS and real estate private equity. Paul Delligatti, Jason Monfort, and Christopher Palmer in Washington DC are key names as the group continues to build its fund structuring and distribution expertise, as well as bolstering the group’s work for some of largest BDCs, an area of particular strength for the group. Practice head Nicole Runyan in New York, leading many of the group’s transactions in the alternatives space, acting for small, middle and large cap investment companies. Andrew Zutz, also located in Washington DC, who ‘has a deep understanding of the asset management industry.’ and is often engaged in the group’s regulatory, compliance and governance issues.
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Position

Chris Palmer is an investment funds partner in the Washington, D.C., office of Kirkland & Ellis LLP. For more than 30 years, Chris has worked with funds, fund sponsors and investment advisers on the creation and operation of a wide range on registered funds, including open-end funds, closed-end funds, interval funds and exchange-traded funds. He advises fund independent directors on legal, governance and industry practice issues. Chris also represents insurance companies on the design, regulatory approval and operation of registered and unregistered life and annuity products and unregistered funds and products used in the retirement marketplace. He advises clients on regulatory, compliance and examination issues for funds, fund directors, advisers and insurance companies.

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Testimonials

Collated independently by Legal 500 research team.

  • ‘The group is extremely effective as counsel to the independent trustees. They are very responsive and provide excellent insight. They have been very effective at adapting to changes in our fund complex and drawing upon their considerable industry expertise. They also work very collaboratively with fund and advisory counsel which makes for a real and genuine spirit of collaboration that adds to the effectiveness of the entire board. Administratively, they are very professional.'

  • ‘I would like to commend, in particular, Paul Delligatti and Andrew Zutz , for the outstanding work they have performed for us. These two partners work extremely well together and have really gained the trust of the whole board, in particular the independent trustees. They have considerable industry expertise which they bring to bear. They are very effective at working with the trustees on issues or points for consideration and then communicating with management.'

  • ‘The team is innovative, responsive and excellent.’

  • ‘Highly service oriented and deep expertise. The firm is committed to building a top tier 1940 Act practice.’

  • ‘Andrew Zutz provides top-shelf service and has a deep understanding of the asset management industry, both from a legal regulatory standpoint as well as a keen understanding of the business and its operations. This combined knowledge makes him an extremely skillful and trusted attorney.’

Key clients

  • 26North Partners LP / 26North BDC, Inc.
  • Alger Funds / Fred Alger Management
  • Allspring Funds / Allspring Funds Management / Allspring Global Investments
  • Ares Management / Ares BDCs / APMF / ACIF/ ACRE
  • Blue Owl Capital / Blue Owl BDCs
  • Bridge Builder Funds and Edward Jones Money Market Fund
  • Cliffwater LLC / Cliffwater Interval Funds
  • Crescent Capital / Crescent Capital BDCs
  • Eaton Vance Funds
  • Federated Hermes Funds
  • Fortress / REITs / BDC
  • Fundrise Advisors / Fundrise Interval Funds
  • Gladstone BDCs / Gladstone Alternative Income Fund / The Gladstone Companies
  • Hartford Funds
  • Knights of Columbus Asset Advisors
  • Lord Abbett & Co.
  • Neuberger Berman Registered Private Equity Funds
  • Oaktree Capital Management / Oaktree BDCs
  • Oppenheimer & Co. Inc.
  • Thrivent Funds

Work highlights

Advised 26North Partners LP on the structuring and launch of various investment strategies and vehicles, including 26North's first retail product—26North BDC, Inc.
Represented Alger Funds and FAM in all routine and non-routine legal and regulatory matters.
Represented Allspring Funds and their investment advisers, Allspring Funds Management and Allspring Global Investments on the launch of a new Allspring ETF complex.