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Private Equity Forum 2014 (Fifteenth Annual)


Speaker(s): Amanda N. Persaud, Bruce L. Lieb, David S. Allinson, Edward D. Sopher, Glenn R. Sarno, Heather S. Cruz, Jeffrey E. Tabak, Jonathan Kaufman, Kenneth J. Berman, Laura S. Friedrich, Marc E. Elovitz, Marco V. Masotti, Mark Mifsud, Michael Davis, Norm Champ, Ross A. Oliver
Recorded on: Jun. 30, 2014
PLI Program #: 51948

Mr. Allinson is the global Co-chair of the firm's Mergers & Acquisitions Practice and the former Co-chair of the Private Equity Practice Group and the New York Corporate Department.

Profile

Mr. Allinson has broad mergers and acquisitions experience, encompassing both public and private acquisitions, dispositions, carve-outs, tender offers, going-private transactions, co-investments, joint ventures and general corporate matters, including corporate governance and takeover defense.

Mr. Allinson primarily focuses his practice on the representation of private equity firms, including ArcLight Capital Partners, The Blackstone Group, Blue Road Capital, Carlyle Power Partners, Charterhouse Capital Partners, Columbus Nova Partners, Consonance Capital Partners, Irving Place Capital, One Equity Partners, Ospraie Special Opportunities Group, Panda Power Funds and Rhône Capital. He has also represented a wide range of public and private companies such as AMC Entertainment, AOL, Cogentrix Energy, Covanta Holding Corporation, Fermaca Global, Genband, Global Crossing, ING U.S., Metro-Goldwyn-Mayer, Moneyline Telerate, Noble Environmental Power, Opnext, Inc., PQ Corporation, Sabre Holdings, US Power Generation and Westcom Corporation.

Experience

Mr. Allinson's experience includes the representation of:

  • The Blackstone Group in its US$1.5 billion investment in Cheniere Energy
  • Dubai International Capital in its sale of MAUSER Group to Clayton, Dubilier & Rice for US$1.7 billion
  • Global Crossing in its US$3 billion stock for stock merger with Level 3
  • ING U.S. in its sale of private equity limited partnership investment interests to Pomona Capital
  • Chemlogics Group in its US$1.4 billion sale to Solvay USA Inc.
  • Screenvision Cinema Network, a provider of cinema advertising, marketing, and media solutions, in its sale to National CineMedia
  • Consonance Capital Partners in a number of transactions, including its acquisition of Enclara Health, its acquisition of The Keystone Peer Review Organization and its acquisition of excelleRx and PBH Holding
  • One Equity Partners in a number of transactions, including its investment in and sale of Moneyline Telerate, investment in and sale of Savvis Inc. equity, its sale of Westcom Corporation, its investment in Genband Inc., its carve-out acquisition of Nortel Networks carrier VoIP and Application business, its acquisition of Precision Gear, its PIPE investment in and subsequent sale of Clipper Wind Power, its acquisition of East Balt Inc. and its investment in and subsequent sale of Aligned Energy
  • US Power Generating Company in its sale to Tenaska Capital Management
  • Sabre Holdings in its US$5.4 billion take private sale to Texas Pacific Group and Silver Lake
  • Covanta Holding Corporation in its carve-out acquisition of Veolia Environment's US and Canadian- based energy-from-waste businesses
  • CCMP Capital Advisors and PQ Corporation in the US$1.5 billion sale of PQ Corporation to The Carlyle Group
  • The Goldman Sachs Group, Inc. and Cogentrix Energy, Inc. in a number of transactions, including the carve-out sale of 14 Cogentrix Energy power projects to Energy Investors Funds and the sale of Cogentrix Energy’s North American power generation assets and power projects development platform to Carlyle Infrastructure Partners
  • Highbridge Capital Management in the creation of a US$1 billion joint venture with Louis Dreyfus
  • Ospraie Special Opportunities Group in a number of transactions, including the creation of the Fermaca Global joint venture, Fermaca Global’s acquisition of Mexican pipeline assets, Fermaca Global’s development of the Chihuahua Pipeline and the sale of pipeline assets to Partners Group
  • Tunstall Healthcare, a unit of Charterhouse Capital Partners, in its acquisition of American Medical Alert Corp., a public company
  • AMC Entertainment, JP Morgan Partners and Apollo Management, L.P. in its acquisition of Loews Cineplex Entertainment Corporation
  • Opnext, Inc. in its stock for stock merger with Oclaro, Inc.

Education

JD, New York University School of Law, 1995

BA, Colgate University, 1992, magna cum laude; Phi Beta Kappa

Bar Qualifications

New York

Languages

English

Recognition Highlights

Recognized in the Financial Times 2013 US Innovative Lawyers Report for his representation of The Blackstone Group in its US$1.5 billion equity investment in Cheniere Energy Partners

Recognized for his work in private equity transactions in The Legal 500 US 2012 and 2008 guide, and Chambers USA 2009

Recognized as a leading lawyer in the 2008 IFLR 1000 guide

Listed as one of the leading dealmakers on Wall Street under 40 years of age. The New York Times, 2007


Kenneth Berman, a member of the Investment Management Group, focuses his practice on providing regulatory and compliance advice to financial services firms, particularly investment advisers and sponsors of mutual funds, private equity funds and other pooled investment vehicles. Mr. Berman also counsels mutual fund independent directors and advises operating companies concerning status issues they may face under the Investment Company Act of 1940. He is recognized as a leading lawyer by Chambers USA (2009-2015), where clients note that he is an “impressive” and “great” lawyer who offers “invaluable support throughout the decision-making process.” Mr. Berman is also recommended by The Legal 500 US (2012-2015).

Prior to joining Debevoise, Mr. Berman was Associate Director of the Securities and Exchange Commission’s Division of Investment Management, where he oversaw the division offices responsible for processing applications for exemptive relief under the Investment Company Act and administering the Public Utility Holding Company Act of 1935. He joined the SEC staff in 1988 after several years of private practice. Before becoming Associate Director in 1997, Mr. Berman was Assistant Director of the Division’s Office of Regulatory Policy.

Mr Berman is the co-author of numerous articles, including “What Will The “Eyes And Ears” Of The SEC Choose To See And Hear This Year? OCIE Announces Examination Priorities For 2015,” Vol. 16 No.2, Journal of Investment Compliance, (July, 2015); “Expense Allocation: The SEC Brings Down The Hammer,” Vol. 16 No. 1, Journal of Investment Compliance (May, 2015); “SEC Settles First “Pay-To-Play” Enforcement Action,” Financial Fraud Law Report (October, 2014); “Debevoise & Plimpton Discusses JOBS Act General Solicitations,” The CLS Blue Sky Blog (September, 2014); “Debevoise & Plimpton Discusses Treatment of Special Purposes Vehicles under the Advisers Act,” The CLS Blue Sky Blog (August, 2014); “Good News on ‘Bad Actors’,” PE Manager (March, 2014); “A Touch of Solace for Broker-Dealer Compliance Personnel,” Law360 (November, 2013); “Debevoise & Plimpton Discusses SEC’s Guidance on Supervisory Liability for a Broker-Dealer’s Compliance and Legal Personnel,” The CLS Blue Sky Blog (November, 2013); “Time For Private Equity To Focus On Form PF,” The Deal (June, 2012); “International Survey of Investment Adviser Regulation,” Wolters Kluwer (June, 2012) and “SEC Risk Alert Discusses When Social Media Interactions May Constitute Prohibited Hedge Fund Client Testimonials,” The Hedge Fund Law Report (April, 2012). 

Mr. Berman is a frequent speaker at conferences relating to investment company and investment adviser issues. He is a member of the Committee on Investment Management Regulation of the Association of the Bar of the City of New York and served as Chair of that Committee from 2009 to 2012. Mr. Berman is also a member of the American Bar Association (Subcommittee on Investment Companies and Investment Advisers, Subcommittee on Private Investment Entities) and the District of Columbia Bar. Mr. Berman is also an adjunct professor of law in Georgetown University’s LLM program.

Mr. Berman received his J.D. from the University of Chicago Law School, where he was a member of the Law Review, and his B.A. from Dickinson College, where he was elected to Phi Beta Kappa.

Education

  • University of Chicago Law School, 1979, J.D.
  • Dickinson College, 1976, B.A.

Bar Admissions

  • New York
  • District of Columbia


Amanda N. Persaud is Counsel at Wachtell, Lipton, Rosen and Katz in the Corporate Department.  Ms. Persaud is head of the private fund formation practice where she focuses on the organization, fund raising and operation of U.S. and international private investment funds, including private equity funds, hedge funds, fund-of-funds, secondary funds and other alternative asset classes such as real estate, special situations, mezzanine/distressed debt and “hybrid funds.”

Ms. Persaud has led numerous fund raises for prominent registered and unregistered U.S. and international sponsors.  She has significant experience advising sponsors in structuring and reorganizing private investment funds as well as assisting sponsors with their internal economic arrangements.  Ms. Persaud has negotiated and structured spin-outs of, strategic investments in, and sales of, alternative asset management businesses and regularly provides fund-related advice with respect to portfolio acquisitions and dispositions.  She has worked with a variety of investors such as foreign governments, endowments, foundations, pension funds, charitable organizations and other institutional investors. 

Ms. Persaud has been listed as a leading private funds lawyer in Law Business Research’s International Who’s Who of Private Funds Lawyers and Who’s Who of Business Lawyers and Legal Media Group’s Expert Guide to the World’s Leading Banking Finance and Transactional Lawyers and Expert Guide to Women in Business.

Ms. Persaud’s many speaking engagements have included serving on panels at International Bar Association conferences on private investment funds and private equity investments, Association of the Bar of the City of New York conferences on private investment funds and private equity, Practicing Law Institute private equity conferences, various industry forums and Wachtell Lipton client seminars.

Ms. Persaud’s many publications include Private Equity’s Pixie Dust: Carried Interest Arrangements Sixteenth Annual Private Equity Forum (PLI) 2015, a chapter on private equity funds in Investment Adviser Regulation (PLI 2009-2015), Private Funds – Recent SEC Enforcement Activity Fifteenth Annual Private Equity Forum (PLI) June 30 – July 1, 2014; 2013 Private Equity Year in Review The Harvard Law School Forum on Corporate Governance and Financial Regulation January 2014; Recent Regulatory Developments Affecting Private Equity Funds:  what it Means for Sponsors in Fourteenth Annual Private Equity Forum 2013; Chapters entitled Private Equity Funds: Legal Analysis of Structural, ERISA, Securities and Other Regulatory Issues in Investment Adviser Regulation (PLI, 3rd ed.) and Financial Product Fundamentals (PLI 2nd ed.).

Ms. Persaud is a member of the International Bar Association, Association of the Bar of the City of New York, including as a member of the Committee on Private Investment Funds, and New York State Bar Association and is a member of the Board of Directors of the Girl Scouts of Greater New York and a member of the Advisory Board of Third Way Capital Markets Initiative.  Ms. Persaud is admitted to practice in the State of New York. 

Ms. Persaud received her B.A. from Duke University and her J.D. from the University of Virginia School of Law.


Bar Admissions

New Jersey State; New York State

Education

Duke University Law (J.D., magna cum laude, Phi Beta Kappa, 1982)

Duke University (B.A., 1979)

 

Jeffrey Tabak is a founder of the Private Funds practice of Weil, Gotshal & Manges LLP. He regularly represents a number of private investment funds, and their sponsors, in connection with their organization and the acquisition and disposition of their investments. He counsels institutional investors and represents a number of money management firms and has been involved in many acquisitions of money managers. He also has a wide-ranging corporate and securities law practice.

Mr. Tabak has been consistently recognized as a leading lawyer for private equity by Chambers Global and Chambers USA and has been recognized as a leading lawyer in Investment Funds by IFLR1000. He has also been named a “Best Lawyer” for Corporate Law and Private Funds / Hedge Funds Law by Best Lawyers in America. Additionally, Mr. Tabak has been listed among the world’s leading lawyers in Private Funds by The International Who’s Who of Private Funds Lawyers, and was named one of America’s “Top 25 Pre-Eminent Private Equity Lawyers” by The Best of the Best USA 2010. In October 2006, Mr. Tabak was named by Private Equity International as one of the thirty most influential lawyers in global private equity.

Mr. Tabak has written and spoken on a variety of topics relating to private investment funds. He is a member of the New York State and American Bar Associations, and is the Vice Chairman of the ABA Federal Securities Subcommittee on Hedge Funds. Mr. Tabak is active in pro bono matters and is a trustee and secretary of the Museum of Jewish Heritage: A Living Memorial to the Holocaust and serves as counsel to the Board of Directors of the National September 11 Memorial and Museum at the World Trade Center Foundation. He served as a trustee of Home Instruction for Parents of Preschool Youngsters (HIPPY) USA from 1996 to 2002, was Vice Chairman of the Board from 1997 to 1999 and continues to serve as counsel. HIPPY awarded Mr. Tabak its Founders award in 2006.

Mr. Tabak served as Chair of The Advisory Board for Jewish Life at Duke University from 2009-2012.


Bruce L. Lieb is Managing Partner of Proskauer Rose LLP and a member of Proskauer’s private equity group.  Mr. Lieb formerly served as co-Chair of Proskauer’s Corporate Department and as a member of Proskauer’s seven-person Executive Committee.  Mr. Lieb concentrates his practice on private equity transactions, including the formation of private investment funds, institutional investments and mergers and acquisitions.  He represents sponsors of, investors in and placement agents for buyout funds, venture capital funds, real estate funds, infrastructure funds, funds of funds and hedge funds.

Memberships

Private Investment Fund Forum

Awards & Recognition

Best Lawyers "New York City Corporate Lawyer of the Year" 2013

Lawdragon "500 Leading Lawyers in America" 2007

Lawdragon "3000 Leading Lawyers in America" 2010

Best Lawyers in America 2007-2016

The International Who's Who of Private Funds Lawyers 2011-2014

US Legal 500: Investment Fund Formation & Management 2007-2010

US Legal 500: Mergers & Acquisitions: Private Equity Buyouts 2007

New York Super Lawyers 2010-2015

Related Practices

Private Investment Funds

Private Equity

Financial Services

Mergers & Acquisitions

Finance

Education

New York University School of Law, J.D., 1979
cum laude
Order of the Coif
 
Note and Comment Editor, New York University Law Review, 1978-1979

Polytechnic Institute of New York, MSCE, 1974

University of Pennsylvania, B.S., 1970

Bar Admissions

New York


Edward D. Sopher is a corporate partner in the New York office of Gibson, Dunn & Crutcher.  Mr. Sopher is Co-Chair of Gibson Dunn’s Investment Funds Practice Group.

Mr. Sopher’s practice focuses on the establishment and operation of private investment funds, including private equity funds, funds of funds, hedge funds, distressed investment funds and real estate funds.  He has extensive experience representing the investment managers and sponsors of these funds, as well as institutional investors, seed investors, placement agents and joint venture partners.  

Representing his investment fund clients in their investment activities, he has been involved in a wide variety of investment, private equity and financing transactions.  He regularly represents secondary investment funds in their investment activities.  His experience also extends to transactions involving investment management firms, including spin-outs, acquisitions, financings and joint ventures.  In addition, Mr. Sopher represents financial institutions in connection with their partnership and employee profit participation arrangements.  He also advises his clients on SEC regulatory compliance and other general corporate matters.

Mr. Sopher is consistently featured in various publications as a leading lawyer in the area of private fund formation, including The International Who’s Who of Private Funds Lawyers, The Best Lawyers in America©, The International Who’s Who of Business Lawyers, IFLR, The Legal 500 United States, Chambers USA, Chambers Global, the Guide to the World’s Leading Private Equity Lawyers, the Guide to the World’s Leading Investment Funds Lawyers and the PLC Cross-border Private Equity Handbook.  He is a member of several bar committees and a frequent speaker on matters relating to private investment funds.

Mr. Sopher was born in London, England, and received his Bachelor of Arts degree in 1982 and his Master of Arts in 1985 from Cambridge University.  He is a member of the New York Bar and is also a solicitor in England and Wales.


Heather Cruz is a member of the firm’s Investment Management Group. She represents investment advisers and investment banks in connection with the structuring and distribution of U.S. and international private investment products, including multi- and single-strategy hedge funds, private equity funds, and hedge and private equity fund of funds, including traditional private equity, credit and trading strategies, and infrastructure strategies. She also advises clients on the establishment, operation and sale of investment adviser and broker-dealer businesses.

With respect to private investment funds, Ms. Cruz advises clients on a broad spectrum of legal issues and considerations relating to the establishment and operation of private investment funds marketed and operated on a global basis. She also represents institutional investors seeking to invest in private investment funds and in investment advisers.

In addition, Ms. Cruz has extensive experience providing regulatory advice to broker-dealers and investment advisers, including regarding compliance with various aspects of the Dodd-Frank Act, with a particular focus on the Volcker Rule. She also advises on a range of issues relating to U.S. Investment Advisers Act, the U.S. Investment Company Act, and the rules and regulations of FINRA.

Bar Admissions

New York

Education

J.D., New York University School of Law, 1995

M.B.A., New York University, Leonard Stern School of Business, 1992

B.S., University of Southern California, 1989

Associations

Member, Private Investment Funds Committee of the Association of the Bar of the City of New York

Selected Publications

"The Volcker Rule: A First Look at Key Changes," The Harvard Law School Forum on Corporate Governance and Financial Regulation, December 18, 2013

"The JOBS Act: Important Questions For Private Funds," Law360, March 7, 2013

"Consequences of the Dodd-Frank Act: New Private Fund Reporting Requirements," Corporate LiveWire, 2013

"Hedge Fund and Private Equity Fund Sponsorship and Investments Under the Proposed Regulations," Insights Special Edition: Dodd-Frank Rulemaking: Volcker Rule and SIFI Proposals, November 17, 2011

"OCC and FDIC Adopt Rules Regarding Retail Forex Transactions," Bloomberg Law Reports, October 31, 2011


Laura S. Friedrich is a partner in Shearman & Sterling’s Investment Funds Group in New York, with a concentration in private fund formation, structuring and compliance matters. Ms. Friedrich has extensive experience working with U.S. and international private equity, venture capital and hedge funds and their sponsors, with investments in the United States, Latin America, Eastern Europe, Western Europe, Africa, India, the Middle East and Asia. She has represented sponsors in a variety of asset categories, including buy-out, real estate, fund of fund, debt, energy, infrastructure, transportation and media. Ms. Friedrich also advises investors on the purchase of interests in private funds.

Ms. Friedrich graduated from the University of California, Berkeley (magna cum laude) in 1993 with honors in Economics, and from the University of Pennsylvania Law School in 1996.  She served as an Executive Editor on the University of Pennsylvania Law Review

Ms. Friedrich currently serves as a member of the Emerging Markets Private Equity Association’s Legal & Regulatory Council, and is a frequent speaker at private equity industry events.


Marco V. Masotti is a member of the firm’s Management Committee, deputy chair of the Corporate Department and co-head of the Private Funds Group. He is recognized as one of the country’s leading lawyers in the alternative asset management industry. Marco has a unique profile in the marketplace as an adviser to a wide variety of investment funds, including buyout funds, credit funds, hedge funds, hybrid funds, seed capital funds, infrastructure funds, real assets funds and funds of funds. He also advises on the full spectrum of investment management M&A transactions, including acquisitions, divestitures, majority and minority stake investments and spin-outs.

EXPERIENCE

Marco is among a handful of lawyers ranked by Chambers USA as a top practitioner in both the publication’s private equity and hedge fund categories. Who’s Who Legal ranks Marco as one of a select few ‘Most Highly Regarded Individuals’ for private funds. Marco has been featured by The Deal as one of the ‘Movers & Shakers’ in the industry, named by Crain’s New York Business to its annual “40 Under 40” list, and profiled by the New York Observer as one of New York’s top corporate lawyers. He is also highly recognized by The Best Lawyers in America, The Legal 500 and Who’s Who Legal, and is listed among the “Top 500 Leading Lawyers in America” by Lawdragon.

Marco represents some of the largest and most well-known alternative asset managers, including: Apollo; Avenue; Blackstone/GSO; Clearlake; General Atlantic; Harvest; Kohlberg, Kravis & Roberts; KPS; Oak Hill; Oaktree; Reservoir; Roark; ValueAct; Värde; and Wellspring. He acts also as an adviser to many founders and partners of alternative asset managers, including his recent representation of former Treasury Secretary Timothy F. Geithner in connection with his joining a major private equity firm.

Marco currently serves as Co-Chair of the Private Investment Funds Forum and Chair of the Private Investment Funds Subcommittee of the International Bar Association. He is the former Chair of the Committee on Private Investment Funds of the New York City Bar.

Marco was awarded a Fulbright Placement Award upon graduating from the University of Natal Faculty of Law.

EDUCATION

LL.M., University of Virginia School of Law, 1992

LL.B., University of Natal Faculty of Law, 1991 cum laude

B.A., University of Natal, 1988

CLERKSHIP

Hon. Albie Sachs, Constitutional Court of South Africa

RECOGNITIONS

The Best Lawyers in America; Chambers USA; Crain’s New York Business “40 Under 40”; The Legal 500; New York Observer “Power Punks”; Private Equity International  “One of the Most Influential of the Decade”; The Deal
“Movers & Shakers”; Lawdragon; Who’s Who Legal


Mark Mifsud is a private funds partner in the London office of Kirkland & Ellis International LLP where he heads Kirkland’s European private funds practice, which is ranked a top tier private equity fund formation team by Chambers UK and as a first tier private funds team by The Legal 500. He is also ranked as one of the most highly regarded individuals globally in The International Who’s Who Of Private Funds Lawyers. He has been consistently recognised as a leading attorney in his field. Mark is also a member of the FCA's AIFMD Group of Experts.

Mark has extensive experience in advising private fund managers in relation to the structuring and establishment of a wide range of private investment funds, including private equity, real estate, infrastructure and debt funds, and also advises on secondaries, incentive schemes, carried interest arrangements and co-investment plans, all on an international basis. Mark additionally counsels private investment managers, significant limited partners and other parties on general corporate finance matters.


Norm Champ is the Director of the Division of Investment Management of the U.S. Securities and Exchange Commission.

Since his arrival to the Division in 2012, Mr. Champ has introduced “IM Moving Ahead,” a comprehensive self-assessment and revitalization of the Division to transform it into a continuous improvement organization. As part of this effort, IM established the new Risk and Examinations Office to analyze data and developments in the asset management industry.  This initiative includes an enhanced dialogue with industry participants and a review of new products and practices in important asset management firms.  This effort has led to an extensive reorganization to eliminate silos and streamline processes, a new website, and numerous new resources for the Division.  Under his leadership, the Division has recommended, and has had the Commission successfully approve, several significant rules relating to identity theft protection, proprietary trading, principal trading, proposed money market fund reform, credit rating reference removal and other issues.

Prior to joining the Division of Investment Management, Mr. Champ was the Deputy Director of the Office of Compliance Inspections and Examinations of the SEC and the Associate Regional Director for Examinations in the New York Regional Office of the Commission. While Deputy Director of OCIE, Mr. Champ served in various capacities including supervising the national broker-dealer, investment adviser/investment company, credit rating agency examination programs and Chief Counsel office.  Mr. Champ has participated in the Commission’s international technical assistance program in Saudi Arabia and Abu Dhabi. Mr. Champ has received SEC Chairman’s awards for Dodd-Frank Implementation (2011), Labor-Management Relations (2011), and Quantitative Analytics (2013).

Mr. Champ is a Lecturer on Law at Harvard Law School where he teaches Private Fund Investment Management Law. He has been a panelist on securities law topics at many forums including the Commission, the Practicing Law Institute, SIFMA, MFA, the Saudi Central Bank, the New York City Bar Association, Princeton University, the International Bar Association and other organizations.

Before joining the staff of the Commission in 2010, Mr. Champ was Executive Vice President and General Counsel of Chilton Investment Company, an investment adviser to long/short equity hedge funds and managed accounts. From 2006 to 2009, Mr. Champ was a member of the Board of Directors of the Managed Funds Association, an alternative investment industry trade group, and was Chair of its Investor Protection Task Force.  Prior to joining Chilton in 1999, Mr. Champ was with the law firm of Davis Polk & Wardwell.  From 1990 to 1992, Mr. Champ clerked for the Honorable Charles S. Haight, Jr., of the U.S. District Court for the Southern District of New York.

Mr. Champ has an A.B. in History from Princeton University and a J.D. from Harvard Law School. He was a Fulbright Scholar at King’s College in London where he received his M.A. in War Studies.


Mr. Davis is a member of Davis Polk’s M&A Department. He advises U.S. and international corporate and private equity clients on a full range of transactions, both domestic and cross-border, including mergers, acquisitions, investments, joint ventures and collaborations, spinoffs and restructurings, special committee representations and defensive and corporate governance advice.  Recent representations include:

  • Lightyear Capital on various matters including its sale of Clarion Partners, its investment in Wealth Enhancement Group, its investment in Pathlight Capital, and on the sale of Swett & Craword by its portfolio company, Cooper Gay Swett & Crawford
  • Metalmark Capital on various matters including its investment in Kissner and Worldstrides and Kissner on its acquisition of Central Salt
  • Crestview on various matters including its investment in Arxis Capital
  • Biotie on its sale to Acorda
  • Prosensa on its sale to BioMarin
  • Baker Hughes on its proposed merger with Halliburton
  • Daiichi Sankyo on the sale of Ranbaxy to Sun Pharmaceuticals
  • Maidenform on its sale to Hanesbrands
  • Warner Chilcott on its merger with Actavis
  • Heinz on its sale to 3G Capital and Berkshire Hathaway
  • Bertelsmann on the formation of Penguin Random House

Michael is currently based in Davis Polk’s New York office.  He worked at Davis Polk’s London office from 2003-2004.  Michael is recognized in several legal industry publications, including: Chambers USA: Corporate/M&A, IFLR1000 and The Legal 500.  He speaks regularly as a panelist on a variety of topics, including most recently at the Japan Society’s seminar on Activism, Independence, Stewardship – Current Trends in U.S. and Japanese Corporate Governance, The Trout Group’s Private Company Showcase, and the 9th Annual Wall Street Unplugged seminar for life science companies.


Marc E. Elovitz, a partner in the New York office of Schulte Roth & Zabel, is chair of the firm’s Investment Management Regulatory & Compliance Group. He advises hedge funds, private equity funds and funds of funds on compliance with the Investment Advisers Act of 1940 and other federal, state and self-regulatory organization requirements, including establishing compliance programs, registering with the SEC and handling SEC examinations. Marc provides guidance to clients on securities trading matters and represents them in regulatory investigations and enforcement actions, arbitrations and civil litigation. He also regularly leads training sessions for portfolio managers and analysts on complying with insider trading and market manipulation laws.

A member of the American Bar Association’s Business and Litigation Sections and the Hedge Funds Subcommittee of the Committee on Federal Securities Regulation, Marc is a frequent speaker at hedge fund industry conferences and seminars. In addition, he co-authors the “Market Manipulation” chapter in the leading treatise, Federal Securities Exchange Act of 1934 (Matthew Bender) and wrote the chapter on “The Legal Basis of Investment Management in the U.S.” for the Oxford University Press book, The Law of Investment Management. After graduating with honors from Wesleyan University in 1986, Marc attended New York University School of Law, from which he was awarded his J.D. degree in 1990.


Mr. Jonathan Kaufman is a Managing Director at The Blackstone Group, Private Equity Group.  Mr. Kaufman leads the private equity group's global debt capital markets activities and also works across Blackstone’s investment and advisory businesses on credit and equity-related matters.  Mr. Kaufman joined The Blackstone Group LP in 2007 and served as its Vice President of Restructuring and Reorganization, where he advised a number of companies and lenders in their chapter ... 11 proceedings, out-of-court restructurings and special situation investments.  He was previously a Principal at the firm with its private equity group.  Mr. Kaufman served as a Manager of Mergers and Acquisition at Platinum Equity, where he evaluated and executed private equity investments in a wide range of industries.  He was an Analyst at Triene.  Mr. Kaufman has also advised an automotive company in managing its exposure to post-retirement employee benefits through the use of a VEBA trust and advised companies in the commercial real estate industry.  Mr. Kaufman received an M.B.A. from the University of Chicago’s Graduate School of Business, where he graduated with high honors and a B.A. in History from Amherst College, where he graduated magna cum laude.


Ross Oliver joined Crestview Partners in 2011. Mr. Oliver is Crestview’s General Counsel and is responsible for the firm’s legal and compliance functions. He has nearly 20 years of experience in private equity, mergers and acquisitions and tax as both a lawyer and a CPA. Mr. Oliver joined Crestview from Davis Polk & Wardwell LLP where he focused primarily on investment management and capital markets transactions and served as outside counsel to Crestview. Previously, Mr. Oliver clerked for federal district Judge Cecilia M. Altonaga and was a senior manager in the mergers and acquisitions group at PricewaterhouseCoopers LLP. Mr. Oliver received a J.D., summa cum laude, from the University of California, Hastings, M.S. in taxation from American University and B.B.A., summa cum laude, from Eastern Michigan University. Mr. Oliver speaks regularly at industry conferences on topics affecting the private equity industry. He is admitted to the bar of New York and is a member of the New York City Bar Association and the board of directors of the Private Equity Growth Capital Council.


Glenn practices in the Corporate Department of Simpson Thacher & Bartlett, focusing on private investment funds and other facets of “alternative asset management.” He has represented private fund sponsors on a global basis, such as Alinda, A&M Capital, Angra, Arlon, Aquiline, Babcock & Brown, BTG Pactual, Bridgepoint, Brown Brothers, Carlyle, CVC, Cypress, KKR, Macquarie, Riverstone, SteelRiver and Tiger in many different asset categories, including traditional private equity, real estate, infrastructure, mezzanine and senior debt, RMBS, CMBS, CDOs, food and agriculture, healthcare, education, manager stakes, seed capital, co-investment and secondaries. Glenn also has extensive experience with fund-of-funds, feeder funds, separately managed accounts, employee securities companies and listed fund products. He has represented various hedge fund sponsors, such as Citigroup Alternative Investments, CVC Credit Partners, Credit Suisse Asset Management, Tiger Management, BTG Pactual, Napier Park, Goshen, Breeden Capital, Pendragon, Endeavour, Skybridge and Blackstone Alternative Asset Management. Glenn has represented sponsors in structuring “house-team” arrangements and has also worked on “spin-outs” of private equity and hedge fund businesses and the creation and expansion of numerous boutique firms as well as alternatives platforms within larger institutions.

Glenn practiced in the Firm’s London office for two years, where he was involved in international fund formation and investments for clients such as Salomon Brothers, Citigroup, Sumitomo, Horizon, Chase Capital Partners, Deutsche Morgan Grenfell, CIBC Oppenheimer and Foreign & Colonial and has been involved in the formation of country-focused funds investing in Italy, Eastern Europe, Russia and Hungary as well as those with a pan-European or Asian regional focus.

Glenn served for three years as the Chair of the New York City Bar Association Committee on Private Investment Funds, a 43-member committee comprised of leading in-house and external counsel practicing in the alternatives industry. He is also a member of the Private Investment Fund Forum, a group comprising New York City attorneys practicing extensively in the private funds area.  Glenn serves as a member of the Corporate and M&A Advisory Boards of Practical Law, a service of Thomson Reuters, and was for several years a member of the Advisory Board of the Private Equity CFO Association. He has lectured extensively and published on alternative asset management topics in the United States and abroad.

Glenn is listed as a leading lawyer in Chambers’ Global and USA Guides to the World’s Leading Business Lawyers, The International Who’s Who of Private Fund Lawyers and other similar publications.

Glenn received his B.A., summa cum laude, from the University of Connecticut in 1989, where he was a University Scholar and a member of Phi Beta Kappa. He received his J.D., with honors, from the Duke University School of Law in 1992, where he was the winner of the Hardt Cup moot court competition and the Best Judge award in the Dean’s Cup competition. Prior to joining Simpson Thacher in 1993, Glenn clerked for the Senior Justice of the Supreme Court of the State of New Jersey.