ProfessionalsUdi Grofman

Udi Grofman
Partner
Tel: +1-212-373-3918
Fax: +1-212-492-0918
emailugrofman@paulweiss.com
1285 Avenue of the Americas
New York,
NY
10019-6064
Fax: +1-212-492-0918
- Practices
- Corporate
- Investment Management
- Practices:
- Corporate
- Investment Management
Udi Grofman is a partner in the Corporate Department, Global Co-Head of the firm’s Private Funds Group and a member of the Investment Management Group. Called a “leading light in the fund formation area” by Chambers, his practice focuses on fund formation, strategic advice and crisis management. Clients praise Udi as “one of the smartest and most accomplished” lawyers with a “very rare commercial sensibility.” According to market commentators, Udi “possesses nonpareil legal expertise that crushes that of his counterparts at other firms” and he is a “powerhouse of a funds lawyer [who] works tirelessly to make clients happy.”
The Paul, Weiss Private Funds Group is recognized as one of the premier investment management practices in the United States. Chambers refers to the group as “a top shop” with “services [that] are second to none.” The team draws on “a strong bench of excellent lawyers with strong technical expertise, good market knowledge and a practical approach,” according to clients surveyed in The Legal 500. Recognized by Law360 as “Practice Group of the Year” for Asset Management and Private Equity, and recipient of Chambers USA Client Service Award for Investment Funds, the practice continues to focus on advising clients on all aspects relating to the full lifecycle of the investment management firm.
EXPERIENCE
Udi’s practice focuses on:
- fund formation along the liquidity spectrum, including hedge funds, credit funds, hybrid funds, private equity funds, real estate funds, venture funds, long-dated funds, permanent capital vehicles and family offices;
- strategic advice, including seed capital transactions, minority and majority asset manager acquisitions and dispositions, and “upper tier” arrangements; and
- crisis management, including internal investigations, regulatory examinations, investigations and litigation (in the course of which Udi appears frequently in front of regulators), partner and employee disputes, and investor litigation.
Representative clients include Apollo Global Management, The Blackstone Group/Blackstone Credit, HPS Investment Partners, Centerbridge Partners, KKR Credit, 3G Capital, Angel Island Capital, AQR Capital Management, Autonomy Capital, Bridgewater, D1 Capital, Davidson Kempner, Declaration Partners, Glenview Capital, J.P.Morgan Asset Management, New York Life Investments, Nokota Management, PointState Capital, Strategic Value Partners, Tiger Global Management, Tilden Park, Two Sigma, Wafra Inc., XN Capital, Omega Advisors, and some of the country’s largest family offices, among others.
Consistently recognized as a leading practitioner in the industry, Udi is ranked as a Band 1 investment funds lawyer in Chambers USA, a Leading Lawyer in The Legal 500, and one of only a handful of Thought Leaders in Who’s Who Legal and IFLR1000. Udi writes and speaks frequently on the challenges facing hedge funds in today’s market. He was selected among the finest law firm writers of 2016, along with litigation partner Richard A. Rosen, with a Burton Award for their article, “Political Intelligence and U.S. Insider Trading Regulations,” published in Bloomberg BNA's Securities Regulation & Law Report. Udi is often asked to speak at major industry conferences, including those hosted by the International Bar Association, Practising Law Institute and Maples Investment Funds Forum. Udi also hosts an Annual Hedge Fund General Counsel Forum, which brings together the most prominent legal practitioners in the market to discuss recent trends and developments. In 2020, Udi developed and chaired a new PLI program, “Advanced Issues in Private Funds,” which featured in-depth discussions about fundraising dynamics and strategies, co-investment vehicles and upper-tier structures and tax considerations, among other topics.
Udi maintains an active pro bono practice, representing not-for-profit interests and individuals, including recently assisting a number of individuals to obtain asylum in the U.S. He currently serves on the Board of Directors for the International Rescue Committee, a global humanitarian aid organization. Udi served as a lecturer for The Interdisciplinary Center-School of Law, School of Business Management, Herzliya, Israel and is a captain (ret.) in the Israel Defense Forces.
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Client Alert: SEC Adopts Amendments to Form ADV Regarding Separately Managed Accounts and Umbrella Registration
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SEC Announces 2016 Examination Priorities
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Client Alert: Annual Privacy Policy Notice Requirement Eliminated for Many Investment Advisers and Private Funds under the FAST Act
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FinCEN Proposes AML Regulations for Investment Advisers
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Client Alert: FinCEN Proposes AML Regulations for Investment Advisers
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General Solicitation and General Advertising: The SEC Weighs in on Rules 502(c) and 506(b)
- Aug 26, 2015
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Richard Rosen and Udi Grofman Co-Author Bloomberg BNA Article on Political Intelligence and Insider Trading
- Aug 24, 2015
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Richard Rosen and Udi Grofman Co-Author Bloomberg BNA Article on Political Intelligence and Insider Trading
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Client Alert: SEC Issues Guidance on “General Solicitation or General Advertising”
- Aug 12, 2015
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Client Alert: SEC Issues Guidance on “General Solicitation or General Advertising”
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Client Alert: SEC Proposes Amendments to Form ADV and the Recordkeeping Rule under the Advisers Act
- May 27, 2015
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Client Alert: SEC Proposes Amendments to Form ADV and the Recordkeeping Rule under the Advisers Act
On May 20, 2015, the SEC proposed amendments to Form ADV, and amendments to Rule 204-2 (the "Recordkeeping Rule") and certain other rules under the Investment Advisers Act of 1940, as amended (the "Advisers Act").
Udi Grofman to Moderate Compliance Panel at Anti-Corruption Summit
- Mar 31, 2015
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Udi Grofman to Moderate Compliance Panel at Anti-Corruption Summit
Corporate partner Udi Grofman will moderate a panel discussion at the American Conference Institute's second annual summit on FCPA, AML and OFAC Risks for Private Equity & Hedge Funds. The panel, titled "Proven Strategies to…
Client Alert: When Do I Amend My Form ADV?
- Mar 03, 2015
- Publications
Client Alert: When Do I Amend My Form ADV?
An investment adviser registered with the SEC is required to amend its Form ADV from time to time. The following summary identifies the types of information on Form ADV that require amending and the timing for filing such…
Grofman, Hussein and Masotti to Participate in International Bar Association Conference on Private Investment Funds
- Mar 10, 2015
- Events
Grofman, Hussein and Masotti to Participate in International Bar Association Conference on Private Investment Funds
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Client Alert: SEC Announces 2015 Examination Priorities
- Jan 13, 2015
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Client Alert: SEC Announces 2015 Examination Priorities
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Client Alert: Paul, Weiss Private Funds Regulatory Compliance Calendar for 2015
- Dec 02, 2014
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Client Alert: Paul, Weiss Private Funds Regulatory Compliance Calendar for 2015
We are pleased to announce the publication of the Paul, Weiss Private Funds Regulatory Compliance Calendar for 2015.
Chinese Man Living With HIV Wins Asylum
- Dec 05, 2014
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Chinese Man Living With HIV Wins Asylum
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Co-Investments in the Hedge Fund Space
- Oct 15, 2014
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Co-Investments in the Hedge Fund Space
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Awards & Recognition
Paul, Weiss Honored by Immigration Equality at Safe Haven Awards
- May 24, 2018
- Awards
Paul, Weiss Honored by Immigration Equality at Safe Haven Awards
Paul, Weiss was one of three firms honored at the annual Safe Haven Awards hosted by Immigration Equality at Lincoln Center.
Richard Rosen and Udi Grofman Selected for Distinguished Legal Writing Award
- Apr 05, 2016
- Awards
Richard Rosen and Udi Grofman Selected for Distinguished Legal Writing Award
Litigation partner Richard Rosen and corporate partner Udi Grofman were recognized among the finest law firm writers of 2016 with Burton Awards for their article, "Political Intelligence and U.S. Insider Trading Regulations."
Chambers USA 2013 Ranks Paul, Weiss Highly
- Jun 07, 2013
- Awards
Chambers USA 2013 Ranks Paul, Weiss Highly
District of Columbia: Antitrust, Joseph J Simons, Kenneth A Gallo, Litigation: General Commercial