Paul Hastings LLP‘s advice spans asset classes and across all types of registered funds and investment vehicles, including alternative investment asset classes, such as business development companies, interval funds, and tender offer funds. These funds have been increasingly handled by New-York based Michael Rosella who ’has industry leading experience as a 1940 Act attorney’, including the formation of Infrastructure Income Fund with unique liquidity structures. Rosella leads the group alongside Josh Sternoff, also located in New York. David Hearth in San Francisco is key for the group’s transactions, exemplified by his work in 2024 including negotiating agreements for the merger of two NYSE-traded closed-end funds.
Legal 500 Editorial commentary
- Profile
Testimonials
Collated independently by Legal 500 research team.
- ‘Michael Rosella has industry leading experience as a 1940 Act attorney. He has great problem-solving skills and board room gravitas.’
Key clients
- Brookfield Asset Management
- Jefferies Finance
- Kayne Anderson Capital
- TCW Group (TCW Funds and Metropolitan West Funds)
- Oaktree Capital
- Matthews Asia Funds
- AssetMark Financial Holdings
- GTCR
- Wellington Management Company
- Brookfield Oaktree Wealth Solutions
Work highlights
- Advised Brookfield Asset Management and Brookfield Oaktree Wealth Solutions on the U.S. launch of the Brookfield Infrastructure Income Fund, a registered closed-end tender offer fund focused on a semi-liquid investment strategy designed for individual investors.
- Advised Kayne Anderson on the merger of two NYSE-traded closed-end funds, one of which has a significant hostile activist investor that has successfully litigated against numerous other closed-end funds such as those sponsored by BlackRock and Nuveen.
- Represented GTCR in its purchase of AssetMark, including all regulatory work in connection with the change of control of its advisers to their mutual funds, ETFs, private funds and private accounts.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Josh Sternoff; Michael Rosella; Diala Minott
Other key lawyers
David Hearth