
Vinograd & Co is recognised for its expertise in advising on the structuring of open-ended funds that invest in unique non-traded assets, as well as a variety of hedge, feeder, and investment funds. Led by Ronen Vinograd, the team regularly advises clients on debt funds, real estate funds, P2P funds, and family wealth funds. Sharon Friedman, head of the firm’s capital markets and institutional regulation practice, is noted for her work on fund structuring and regulatory matters, while hedge fund expert Shy Tzvia is also active in establishing various types of investment funds, both in Israel and internationally. Aviram Grumer departed the firm in May 2024.
Testimonials
Collated independently by Legal 500 research team.
'All partners are extremely skilled, experienced, reliable and efficient.'
'Vinograd law office is unique. The team's expertise and knowledge is wide and complete. The experience brought to the table is second to none. They are involved in most of the transactions occurring in the market and yet find the time to give a personal and warm service.'
- The level of professionalism showed is second to none. This is translated to a very high degree of execution and resolution of legal issues. Their approach to legal and business matters allows combining their knowledge in business and the legal aspect in such a way that will yield best results. Their solutions are most innovative.'
- 'Each of the team members has a whole and unique set of skills and knowledge. I highly recommend working directly with Mr. Ronen Vinograd who has shown high levels of knowledge on all aspects we have touched both in legal and business issues. Ronen was accessible and fast to respond and give remedy to each question raised.'
'The investment funds team at Vinogard & Co. led by Ronen Vinograd has been fantastic to work with. Their advice is always clear and easy to understand, and they make sure we’re on the right side of all the regulatory rules. Ronen is very approachable and responsive to our specific needs. His practical, down-to-earth approach has been a huge help.'
'Working with Ronen Vinogard has been excellent. Ronen offers clear, practical advice, making complicated issues easy to grasp. Ronen has a vast knowledge of the industry, is approachable and quick to respond. His advice simplifies the complex world of investment funds, and his straightforward approach and deep understanding have been invaluable to us.'
'The firm is considered a leader in the field of financial investments and private investment funds. The firm represents both institutional investors when they are considering the possibility of investing in alternative investment funds and also represents manufacturers distributors of such funds.'
'The individuals at the firm are considered leaders in the field, possessing knowledge, experience and specific expertise in the field of financial investment funds.'
Key clients
- Agur teachers funds (NIS 8 B)
- Amitim Pension Funds
- Analyst Investment House
- Atlantic real estate fund
- Ayalon Insurance
- Bank Leumi Provident Funds
- Bar Ilan University;
- Barkai – FOFs
- Beer Sheeva University;
- BSP Fund of Hedge Funds (USD 1 billion)
- First International Bank of Israel (FIBI) - Nostro
- Gilad Pension Fund
- Golden Bridge Funds (Tandem Capital)
- Hachshara Insurance
- Haifa University
- More Investment House
- Heptagon Funds
- Hud Fund
- IBI Investment House group
- Israel Electricity Company Pension Fund (Israel’s largest sectorial pension fund - NIS 40 billion)
- Meitav Dash Investment House
- Menorah Insurance and Pension
- Migdal Capital Markets – feeder funds
- More Investment House
- Phoenix Insurance
- Value (formerly Phoenix Value) Advanced Investments – feeder funds
- Psagot Alternatives
- Shlomo Insurance
- Teachers Educationary Fund (Israel’s largest sectorial provident fund - NIS 30 billion)
- Tel Aviv University;
- Yalin Lapidot Investment House
- Hebrew Univercity Assets
Work highlights
- Advised Value (formerly Phoenix-Value under Phoenix Group), on setting up feeder funds raising annually $ m 300 in Israeli / Caymen structure, investing in Carlyle, Coller, and the currently raising is the Viola Credit one.
- Advised Migdal Value on setting up a fund of funds in collaboration with a leading Israeli Bank as the first such collaboration is being done in Israel with the banking system.
- Advised Pagaya’s Israeli investors in collaboration with Credit Swiss against the Pagaya Opportunities Fund’s GP ($1.25B P2P fund), a total group of m $220 LP’s, in on a redeeming dispute taking them to Cayman Court, for the first time such process in the Israeli market – this is a very high profile matter in Israel, draws a lot of attention in the media and involves major players such as More, Pheonix and Meitav.
Lawyers

Practice head
The lawyer(s) leading their teams.
Ronen Vinograd