England - London • Investment fund formation and management

Proskauer Rose LLP

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Proskauer Rose LLP handles a broad spectrum fund formation issues, in addition to funds-related transactional matters involving acquisitions of asset management companies, investments in fund management companies, seed transactions and funds-of-funds. The team primarily acts for European clients. Practice head Nigel van Zyl  specialises in assisting buyers and sellers of secondary fund interests, and advising on the structuring of transactions concerning continuation funds.. Venture capital expert Edward Lee and infrastructure funds specialist Peter Olds are key names of note. Jordan Hurwitz and Bruno Bertrand-Delfau are noted for their focus on secondaries. Aranpreet Randhawa and Christopher Elson are highly recommended, as are special counsels Lucie Rose and Nicholas Rose.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Proskauer Rose has been an invaluable partner in navigating the rapidly developing world of sustainable finance regulations. They have become critical authorities on this subject.'

  • 'Nicholas Rose has been a stand-out in our engagement. Nick is always excellently prepared and responsive.’

  • ‘Top-tier advice, work product, and service.’

  • ‘Very knowledgeable and flexible team to adapt to different scenarios. Very solutions focused as a group, not just at the top level.’

  • ‘Nigel Van Zyl leads the group and is extremely experienced in his field. Always responsive and nothing is ever too much trouble. Very solution focused, leading the team by example. Friendly and approachable but robust when required.'

  • ‘We have a very good collaboration with Proskauer. They are the best in their field.’

  • ‘They are very easy to work with, great knowledge and answer any questions very quickly. I can give my best recommendation about Nick Rose.’

  • ‘Strong capacity to make the translation between legal documentation and commercial considerations while at the same time keeping close eye on project timing and management.’

Key clients

  • 2150
  • Access Capital Partners
  • Ardian
  • AnaCap
  • A.P. Møller
  • Capital Dynamics
  • EMK Capital Management
  • G Square Healthcare
  • Hg
  • Investcorp
  • Lexington Partners
  • Northzone
  • One Peak
  • Schroders Capital
  • Singular Capital Partners
  • Strategic Partners Fund Solutions
  • Tenzing Private Equity

Work highlights

  • Advised 17Capital on the closing of its inaugural NAV lending fund.
  • Advised Ardian on 24 secondary transactions in the last 12 months, with total deal values exceeding $13.5bn.
  • Advised JLC Infrastructure on its capital raising and related activities in connection with its investment in the New Terminal One project at John F. Kennedy International Airport in New York City.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Nigel van Zyl

Nigel van Zyl

Hall of fameProskauer Rose LLP

Nigel van Zyl is a partner and co-head of Proskauer's Private Funds Group at Proskauer. Nigel specializes in advising asset managers, institutional investors and investment advisors across the full spectrum of investment fund matters. Praised for his keen business sense and practical approach, Nigel advises leading international fund managers on all aspects of their fund business, including the formation, raising, maintenance and ongoing operation and compliance of their investment funds. He also advises on internal governance, compliance and organization, carried interest and co-investment arrangements, spinouts, re-organizations and restructurings. Nigel represents institutional investors, including fund of funds, sovereign wealth funds, and global asset managers, with respect to their investments into private equity and other alternative asset funds. Nigel also advises buyers and sellers of secondary fund interests and the structures used for these transactions, including synthetic secondary and co-investment structures.

Rising stars

Lucie Rose

Lucie Rose

Proskauer Rose LLP

Lucie Rose is a special funds counsel in Proskauer’s Corporate Department and a member of its Private Funds Group. She has extensive and up-to-date experience in advising both fund sponsors and asset managers on all aspects of fund formation and ongoing fund maintenance. This work spans a range of asset classes and fund generations, and encompasses both first-time funds and subsequent generations of funds. Lucie advises institutional investors on primary investments including those directed into co-investment and continuation vehicles, as well as supporting fund sponsors in relation to various liquidity solutions (including situations where a fund’s investment period has expired and it has little dry powder available to be called or recycled to support existing investments or investments limitations have been reached), or situations where the manager itself requires liquidity (including complex and innovative preferred equity structures which secure underlying fund management fee and carried interest income streams). Lucie has also worked on a range of secondary transactions, including the purchase and sale of large portfolios of fund interests. Lucie is admitted as a solicitor in England and Wales and brings a global perspective to her work. Her early career experience as in-house lawyer for a prominent sovereign wealth fund in the Middle East provided her with a deep understanding of what clients need – and deserve – from their trusted advisers.

Leading individuals

Bruno Bertrand-Delfau

Bruno Bertrand-Delfau

Proskauer Rose LLP

Bruno Bertrand-Delfau is a partner in Proskauer's Private Funds Group. Bruno has 20 years’ experience in private equity secondaries, spin-offs of management teams, GP led transactions, fund restructurings and fund or preferred equity financings, and has worked on many of the largest and most complex transactions in the market, both in Europe and in the U.S. Bruno also advises institutional investors, including fund of funds and pension funds in their primary investments in private equity funds.

Next Generation Partners

Christopher Elson

Christopher Elson

Proskauer Rose LLP

Chris is a partner in Proskauer's Corporate Department and a member of its Private Funds Group. Chris advises fund managers on fundraising and fund structuring across a wide range of asset classes, including private equity, growth, venture capital and credit funds. He also advises sponsors on tailored liquidity solutions, internal governance, ongoing fund maintenance and compliance matters. Chris has experience in management spin-outs as well as the structuring of carried interest and employee co-investment incentive plans. He also advises a number of institutional investors on secondary transactions and primary investments.

Aranpreet Randhawa

Aranpreet Randhawa

Proskauer Rose LLP

Aranpreet is a partner in Proskauer's Private Funds Group in London. She advises European and international clients on the structuring, formation and operation of both open- and closed-ended investment funds across a range of strategies, including private equity, growth, infrastructure, and real estate. Aranpreet also counsels clients on spin-outs, co-investments, end of life restructurings, and carried interest and co-investment schemes.

Practice head

The lawyer(s) leading their teams.

Nigel van Zyl

Other key lawyers

Jordan Hurwitz, Bruno Bertrand-Delfau, Edward Lee, Peter Olds, Lucie Rose, Christopher Elson, Aranpreet Randhawa, Sean Spence, Nicholas Rose