Proskauer Rose LLP‘s private investment funds practice is praised by clients for its ’deep bench and terrific expertise on both fund formation and regulatory work’. The team advises on the structuring and maintenance of private funds, among which are buyout, growth equity, credit and funds of funds, as well as having a particular strength in secondaries transactions and expertise across related tax and regulatory matters. Monica Arora and Howard Beber jointly lead the US based private funds group, with the former being based in New York and specializing on sponsor side advice to funds across diverse asset classes while the latter sits in Boston and focuses on private fund formation, secondaries transactions, including GP-led transactions. Other key names in Boston include venture capital and growth equity fund formation expert Robin Painter, David Tegeler, who is well versed in secondaries transactions and asset manager M&A deals and secondary fund liquidity solutions specialist Mike Suppappola. Credit funds specialist Chip Parsons and secondaries attorney Christopher Robinson are key members of the team based in New York.
Legal 500 Editorial commentary
- Profile
Accolades
Client satisfaction
Testimonials
Collated independently by Legal 500 research team.
‘Very good market intelligence for fund terms. Collaborative approach. The Proskauer team understands the long-term relationship between GPs and LPs that is at the heart of the private funds business. Creative in terms of addressing client requests.’
‘I think Proskauer's combination of intelligence, friendliness, responsiveness, clear-cut advice, and just getting it right make them an excellent choice for private funds counsel. We have been thrilled to work with them. Up and down, the team is fantastic.’
‘Monica Arora is incredible - super smart, practical, wonderful to talk to, just everything. She's an excellent lawyer and just makes us feel confident in her advice.’
‘Proskauer's team has been a stand-out in this space for some time. They have a deep bench and terrific expertise on both fund formation and regulatory work. They also have terrific tax and ERISA specialists. They are terrific collaborators and have a great sense of the market and counterparties.’
‘Michael Suppappola, Nicholas "Carter" Noon and Alexandria Martin are all terrific. They are all incredibly responsive and commercial and are terrific collaborators and partners and have a great sense of the market.’
Key clients
- Adams Street Partners
- AllianceBernstein
- Almanac Realty Securities/Neuberger Berman
- Apollo S3
- Apogem Capital
- Arbour Lane Capital Management
- ARCH Venture Partners
- Ardian
- Ares Management
- Atlas Ventures
Work highlights
- Advised Ares Management on the concurrent formation of multiple private credit funds targeting commitments in excess of $25 billion.
- Advised NEA (New Enterprise Associates) in two venture funds that raised a total of $6.2 billion.
- Advised two of the lead investors, Blackstone Strategic Partners and Lexington Partners, in a GP-led continuation fund.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Monica Arora; Howard Beber
Other key lawyers
Robin Painter; David Tegeler; Mike Suppappola; Chip Parsons; Christopher Robinson; Stephen Mears; Alexandria Martin; Nicholas Carter