Paul Hastings LLP advises fund sponsors and institutional investors on private equity and private credit fundraising, with strength in complex structures, liquidity solutions and cross border execution. The group is led by Joshua Sternoff and Michael Rosella in New York City, who often draw on the wider platform across the US, Europe, Asia and the Middle East to comprehensively advise clients. The team is active on credit focused products including CLO equity funds and rated note feeder structures, as well as real assets and digital infrastructure vehicles such as data center strategies. Also advising from New York, Anna Rips is highly experienced on direct lending, private debt and credit funds, while Max Rosenberg has a growing practice catered towards asset classes such as CLO equity funds, music funds, and intellectual property funds. Los Angeles-based Yousuf Dhamee and Art Zwickel are key contacts for fund formation and management matters.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘I think the expertise of the team and their responsiveness are both top notch.’
- ‘Partners Joshua Sternoff, Ryan Swan and Max Rosenberg have all been incredibly helpful with various fund-related issues. I appreciate how knowledgeable, concise and responsive they are, and how I can count on them to handle very difficult questions and explain complex issues to business clients. Associates Nick Harper and Stanley Birch have also been excellent, in particular with their thoughtful work product and responsiveness.’
- ‘I had the pleasure of working with Josh Sternoff. He is thoughtful, business-minded, creative and a tremendous sounding board for working through challenging issues. I would note the collaboration as the firm's greatest asset.’
- ‘As noted, Josh Sternoff is the go to fund person. His tremendous knowledge combined with his practical, deal grounded advice sets him apart from any fund lawyer I have worked with.’
- ‘Art Zwickel is my point person. While we are a very small and young fun, I never feel like I am taking up too much of his time, even though I know he has customers that are exponenetially larger than my firm. He's a really amazing lawyer and human being.’
- ‘Very business oriented in terms of making the product work financially.’
Key clients
- Angel Oak Capital Advisors
- Artemis Real Estate Partners
- Activum SG
- Avante Capital Partners
- BKM Capital Partners
- CFT Capital Partners
- Cold Bore
- Continental Realty Corp
- The Davis Companies
- Fortress Investment Group
- Four Peaks Multifamily Partners
- Golub Capital
Work highlights
Advised Artemis Real Estate Partners on the formation of Artemis Real Estate Partners Income & Growth Fund II, on the formation of Artemis Real Estate Partners Healthcare Fund III, and on Artemis’ sale to Barings.
Advised Nuveen Real Estate, on the formation of Nuveen Real Estate U.S. Affordable Housing Fund, on the formation of NRE U.S. Strategic Self-Storage Fund I, on the formation of Nuveen Real Estate Medical Office MOB Sidecar Fund, and on the formation of a separately managed account for the California State Teachers’ Retirement System (CalSTRS) to invest in self-storage assets across the United States.
Advised Pantheon on the formation of Pantheon Senior Debt III and related vehicles, which closed a record $5.2 billion across closed-end co-mingled funds, evergreen and rated insurance vehicles, and separately managed accounts; and on the formation of Pantheon Credit Opportunities III and related vehicles, which held a final close with total commitments of approximately $2.2 billion.
Practice head
Joshua Sternoff; Michael Rosella
Other key lawyers
Anna Rips; Max Rosenberg; Yousuf Dhamee; Art Zwickel; Ryan Swan; Nick Harper; Stanley Birch