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Recognized as one of the most active and highly regarded investment management practices in the United States, our group represents all types of asset managers across the liquidity spectrum, including private equity funds, credit funds, hedge funds, venture capital funds, real estate funds, hybrid funds and family offices. We have successfully raised hundreds of billions of dollars for our clients, who benefit from our extensive market knowledge, industry-leading networking events and strong relationships with all major market participants.
Paul, Weiss Secures Landmark Appellate Win in $50 Billion Lawsuit Against Blackstone at Kentucky Supreme Court
Paul, Weiss won a landmark victory on July 9 on behalf of The Blackstone Group and Blackstone Alternative Asset Management (BAAM) in a $50 billion derivative claim brought by beneficiaries of Kentucky’s public pension fund.
PE Fundraising at a Glance looks at the latest quarterly trends on global and U.S.-based private equity fundraising. In the third quarter, private equity fundraising began to stabilize, although the outlook remains uncertain given the continuing COVID-19 pandemic. Interest by private equity firms in SPACs increased, while funds containing a hybrid mixture of private equity, credit and hedge terms and strategies also increased.
Awards & Recognition
Paul, Weiss won four Law360 “Practice Group of the Year” recognitions for the firm’s achievements in 2020 in the Capital Markets, Fund Formation, Private Equity and Securities categories.
As widely reported, Paul, Weiss advised Apollo Global Management, Inc. in the formation of Apollo Strategic Origination Partners, a new direct lending origination platform expected to provide approximately $12 billion in financings over the next three years.
Corporate partner Udi Grofman will chair a new Practising Law Institute (PLI) program, “Advanced Issues in Private Funds,” which will be broadcast as a live webcast on June 9.
An article by the Private Funds group was published in a special issue of Private Equity International focused on COVID-19 impacts. The article, first issued as a Paul, Weiss memo, discusses proactive steps and protective measures that private equity funds should consider in navigating the impacts of the coronavirus outbreak
As financial markets continue to exhibit extreme volatility as a result of COVID-19, related macro factors and oil price movements, managers of hedge funds, as well as other open-ended and evergreen funds, should assess challenges and vulnerabilities to their businesses, as well as potential opportunities.
Paul, Weiss Article on Private Equity Fundraising Trends Featured in American Investment Council Newsletter
The February 28 newsletter by the American Investment Council, a leading private equity advocacy and resource organization, featured an article by corporate partners Marco Masotti and Conrad van Loggerenberg and associate Victoria Forrester.
Corporate partner Udi Grofman was extensively quoted in a recent article on FundFire, “Hedge Fund Diligence Questions Skyrocket During Coronavirus.”
Paul, Weiss advised Värde Partners in the raising of Värde Dislocation Fund, which held its final closing with approximately $1.6 billion in commitments, exceeding its $1 billion target in five months of fundraising.
The 2020 Private Funds Regulatory Compliance Calendar covers certain (but not all) regulatory obligations of a typical U.S.-based private fund adviser.
Corporate partner Amran Hussein was featured in a two-part Q&A in Private Equity Law Report.