A team commended for its ‘exceptional private equity funds expertise and deep understanding of complex transactional matters’, Schulte Roth & Zabel LLP stands out for its work in the rapidly emerging area of litigation finance. Other funds include credit funds, special opportunity funds, real assets as well as new developments in the area such as hybrid funds which are focused on blockchain and cryptocurrencies. Jason Kaplan, Joseph Smith, and Stephanie Breslow in New York lead the group. Breslow’s client base encompasses some of most prominent asset management companies in the US, who often call upon her for regulatory assistance connected to fund launches. Smith has a broad practice and is increasingly involved in the group’s secondary transactions and continuation vehicle matters. Daniel Blumenthal is instrumental on the fund structuring and negotiating seed and strategic investments side. The New York team has been strengthened following the merger with McDermott Will & Emery: Lauren Nevidomsky and David Nestler are ’major experts in their fields of private equity fundraising’, and Nestler in particular has been a significant part of the group’s increasing activity for middle-market funds. Ian Schwartz has been instrumental in building the fund formation practice, often acting as go-to advisor for boutique sponsors and institutional investors which require complex strategies. Luc Jansen, who is renowned for his broad private equity client base, is another key name to note.
Legal 500 Editorial commentary
Accolades
Client satisfaction
Testimonials
Collated independently by Legal 500 research team.
- 'The team has exceptional private equity funds expertise and deep understanding of complex transactional matters. The teams key capabilities include providing comprehensive legal counsel across the entire private equity fund lifecycle and is renowned for its high ethical standards.'
- 'The team is formed by very experienced professionals with deep understanding of the industry. Very agile and available. I would mention Joseph Smith, Christopher Freeman and James Meresman.'
- ‘Luc Jansen is a standout partner.’
- ‘Top notch and practical advice with unique skill in identifying the truly relevant business matters.’
- ‘Luc Jansen has gone out of his way for us in many ways through both the direct engagements as well as opening up the firm's network. His up to date knowledge of the industry has been valuable.’
- ‘They are very good at being practical and business-minded.’
- ‘Lauren Nevidomsky and David Nestler are major experts in their fields of private equity fundraising.’
Key clients
- Black Diamond Capital Management LLC
- Cerberus Capital Management, L.P.
- GoldenTree Asset Management LP
- Harlan Capital Partners
- Hemisfério Sul Investimentos
- LCN Capital Partners, L.P.
- American Infrastructure Partners
- Pantera Capital Management LP
- Prime Group Holdings, LLC
- Westport Capital Partners
Work highlights
Acting as lead fund counsel for Westport Capital Partners, which had several 2024 fundraises, including WCP SCP III, and WCP Homebuilder Inventory Solutions II, L.P.
Advised GoldenTree on the launch of CMV 3, which raised more than $850 million and has a hard cap of $1.35 billion.
Advised Cerberus Capital Management, L.P. on numerous closed- and open-ended funds across Cerberus’ large suite of products.
Practice head
Jason Kaplan; Joseph Smith; Stephanie Breslow
Other key lawyers
James Meresman; Christopher Freeman; Peter Greene; Daniel Blumenthal; Lauren Nevidomsky; David Nestler; Ian Schwartz; Luc Jansen