Tax
Offering broad expertise to blue-chip fund formations, Proskauer Rose LLP offers a full range of corporate and financial taxation. The group, based out of New York and Boston, advises on cross-border structuring issues such as asset and business migrations and has particular expertise in employment and executive compensation matters. ‘Truly exceptional’ practice lead Amanda Nussbaum advises sports teams and leagues on various tax matters as well as the structuring of international private investment funds. Tax expert David Miller handles a wide range of areas such as the taxation of financial instruments and derivatives, bankruptcy and workouts, and cross-border private equity and hedge funds. Scott Jones and Arnold May focus on tax planning for private equity fund managers. Jeremy Naylor advises on all aspects of private investment fund matters, and Jamiel Poindexter advises on all types of fund-related transactions. Janicelynn Park represents investors and sponsors in buy-side and sell-side secondary transactions. Daniel Paulos and Ekaterina (Kate) Napalkova have departed the firm.
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Profile
Work Department
Tax
Position
Amanda H. Nussbaum is the chair of Proskauer's Tax Department as well as a member of the Private Funds Group. Her practice concentrates on planning for and the structuring of domestic and international private investment funds, including venture capital, buyout, real estate and hedge funds, as well as advising those funds on investment activities and operational issues. She also represents many types of investors, including tax-exempt and non-U.S. investors, with their investments in private investment funds.
Amanda has significant experience structuring taxable and tax-free mergers and acquisitions, real estate transactions and stock and debt offerings. She also counsels both sports teams and sports leagues with a broad range of tax issues.
In addition, Amanda advises not-for-profit clients on matters such as applying for and maintaining exemption from federal income tax, minimizing unrelated business taxable income, structuring joint ventures and partnerships with taxable entities and using exempt and for-profit subsidiaries.
Amanda has co-authored with Howard Lefkowitz and Steven Devaney the New York Limited Liability Company Forms and Practice Manual, which is published by Data Trace Publishing Co.
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Testimonials
Collated independently by Legal 500 research team.
‘Deep knowledge and practical approach’
‘Amanda Nussbaum heads the practice is a truly exceptional tax lawyer--knowledgeable, great judgment and practical and efficient advice. when she brings tax colleagues in for specialized areas or when junior research is required, our experience with those lawyers also generally has been very good. ’
‘Amanda Nussbaum is an extraordinary tax lawyer. As a client with tax experience and knowledge base, and also having gotten tax advice on different transactions and issues from a numberof top tax partners at several firms over the years, i can comfortably say that Amanda is a standout. Her advice is tailored to each client's goals and risk tolerance on each issue; is clear and practical; generally able to advise without fresh research; and is time-tested for quality. Amanda works long hours, and makes time promptly whenever time sensitive advice is required and always is quite timely. Amanda is our go-to for tax advice, and is truly a supoerstar. ’
‘Amanda Nussbaum is by far the top tax lawyer we have ever worked with, across sectors. Her knowledge and ability to communicate and educate tax matters, complex and conventional, is unparalleled. Additionally, Amanda recruits exceptionally well, expanding her firm's capabilities with diligence and rigor, exhibiting clear humility relating to her or the team's limitations. Lastly, across groups, the Proskauer team has consistently impressed us with their culture of cost efficiency. Select your favorite superlative, and that would be the word we would best use to describe the Proskauer tax team. We greatly appreciate the opportunity to share our experience in this matter.’
‘The team related narrative above provides detail that is relevant to this section above. The entire team is exceptionally talented. However, Amanda Nussbaum differentiates Proskauer from all other tax groups we have ever worked with.’
Key clients
- National Football League - 32 Equity Vantage Data Centers Fortress Credit Corp. TGL Ascend Capital Partners Invictus Global Management Thrive Capital Bedrock Management Services Atlas Holdings Blackstone Strategic Partners Columbia Capital Ziff Davis Lexington Partners StepStone Group Inc. PineBridge Investments Sports Content Creation LLC dba X Games Stellex Capital Management Continuation Fund Advisory: Apollo S3, Palladium Equity Partners, RockPort Capital Partners, Ridgemont Equity Partners, Hollyport Capital AR Global Investments, LLC Benitec Biopharma Intapp, Inc.
Work highlights
Advised 32 Equity, the strategic investment arm of the NFL, as a material investor in the recently announced acquisition of UPshow by EverPass Media, a leading media platform for distribution of premium live sports and entertainment content to commercial businesses.
Advised Vantage Data Centers, a leading global provider of hyperscale data center campuses, in the tax structuring of its $9.2 billion equity investment led by investment vehicles managed by DigitalBridge Group, Inc., a leading digital infrastructure-focused asset manager with approximately $75 billion of assets under management, and Silver Lake, a global leader in technology investing with approximately $101 billion in assets under management.
Advised Blackstone Strategic Partners in their investment in Alpine Investors' $3.4 billion single-asset secondary market continuation fund transaction that will continue its partnership with Apex Service Partners, an HVAC, plumping and electrical services leaders.