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Private Equity & Investment Funds



Our experience and global network help investors raise capital and execute deals in the middle market. NP Capital Connector® sources proprietary deal flow and connects companies with investors.

Our approach:

Investors need a law firm that delivers results, regardless of obstacles. Our national team tirelessly watches the market to forecast and capture new opportunities, manage risk and close deals. Our services cover all aspects of the middle market private equity space, including:

  • Counseling general partners and limited partners in connection with fund formation, management issues, investments in new funds, and secondary sales
  • Representing sponsors in transactions including buyouts, minority investments, growth equity, recapitalizations, distressed acquisitions and portfolio investment activities
  • Advising funds, family offices and managers in a variety of disputes and challenges ranging from risk management to control contests to liquidation
  • Counseling senior executives and management in the negotiation of employment and executive compensation agreements, including provisions dealing with change in control, severance and post-employment restrictions
  • Sourcing deals and making strategic introductions through our network of relationships with investors and buyers

With access to our specialty partners with extensive experience in tax, intellectual property, capital markets, leveraged finance, labor and employment, environmental and litigation, we deliver service and solutions on par with the world’s leading firms, but at a better value and structure for the middle market and lower middle markets.

NP Capital Connector®

As a leader in the middle market, we developed the NP Capital Connector® program to source proprietary deal flow and connect companies with investors. NP Capital Connector® has facilitated more than 1,200 introductions to more than 300 companies globally. About half of these opportunities are purely proprietary with average revenue of $35 million and EBITDA of $4 million.

Learn more about NP Capital Connector®.

Who we work with:

  • Private equity and investment funds
  • Pension funds
  • Search funds and independent sponsors
  • Strategic corporate investors
  • Family offices

Representative Experience

Fund Formation

  • Advised numerous sponsors on fund formations involving buy-outs, venture capital, debt/mezzanine, technology, infrastructure, real estate, energy, hedge, fund-of-fund, secondary and other investment strategies (ranging in fund size from $10 million to $1 billion+).
  • Representation of various emerging fund managers on the successful launch of their first-time funds, as well as counseling on various federal and state programs available to assist many of those managers.
  • Representation of multiple groups and individuals in connection with their spin-out from an existing institution and the corresponding startup of their newly restructured fund operations. Multiple representations involving the transition from fund founders to the next generation of leaders in the firm.
  • Counseled the advisory committees and/or specific investors in several investment funds in connection with the transitioning of management from the existing group to a new group (whether as part of “cause,” “no fault” or negotiated circumstances).
  • Acted as U.S. counsel to non-U.S. fund sponsors raising capital from U.S. investors and/or making U.S. investments.
  • Advised numerous pledge and independent sponsors on their structuring and private equity transactions.
  • Served as general counsel for one of the leading fund of funds in the world for more than 25 years. As its general counsel, we represent the client in connection with both the formation of its investment funds and its investments in other funds.
  • Representation of a global private markets investor forming fund-of-funds products and providing services in connection with investments in private equity funds.
  • Representation of a global investment consulting firm in connection with their alternative investment program. The client serves a diverse client base, including nonprofit organizations, foundations and other endowed institutions, as well as corporate, public and jointly trusteed retirement funds. They currently serve 160 retainer clients with combined assets of more than $1 trillion.

Fund Investments and Co-Investments

  • Extensive representation of various investors (including state pension systems, institutional investors, family offices, foundations and fund-of-funds) on their investment in leading investment funds in the U.S. and abroad.
  • Represented a customized funds investment group in connection with more than 300 investments in various private equity funds. In addition, we have represented them as fund counsel in the organization and offering of a number of sponsored private equity funds that are offered to various institutional and high-net-worth investors.
  • Advised multiple limited partners and institutional investors in connection with their fund co-investment transactions.

Fund Secondary Transactions

  • Advised numerous institutional investors on significant fund secondary sale transactions—some of which involved 100+ investment funds and/or exceeded $1 billion+ of commitments.
  • Represented various secondary buyers on their acquisition of limited partnership interests in investments funds.
  • Extensive advice to sponsors and investors on fund secondary auction processes, including bidding, documentation, negotiation, transfer agreements and closing.

Acquisitions and Private Equity Investments

  • Represent multiple sponsors on their acquisitions of companies (in the $10 million to $250 million+ range), many of which are leveraged acquisitions. Wide transactional experience in multiple industries including manufacturing, consumer products, services, food and beverage, technology, health/medical device and energy.
  • Represent sponsors and portfolio companies in connection with their roll-up acquisition strategies.
  • Extensive representations of companies conducting a sale or divestiture of their business (whether stock, asset, merger or other, in both proprietary processes and auction sales).
  • Represent multiple venture capital firms and/or companies on venture capital financings.
  • Advised various sponsors and companies on growth equity investments.
  • Counseling on equity and debt restructurings of portfolio companies, including dividend recapitalizations.
  • Represent individuals or groups in management-led buy-outs of companies.

Four trends shaping private equity’s pandemic rebound

Law360 | July 09, 2021

In this article covering the post-pandemic rebound in private equity, Albany Corporate partner Marissa Wiley explains why we’re seeing a sharp rise in investment activity, and how firms are taking precautionary steps to shape risk-averse agreements.

Promotions

Massachusetts Lawyers Weekly | May 20, 2021

This column of notable executive news highlights the selection of Boston Corporate partner Christopher Keefe to lead the Business & Finance Department.

The Deal Honors Top Rising Stars: Class of 2021

The Deal | May 19, 2021

Chicago Corporate partner Sam Kim was named as one of the publication’s “Top Rising Stars” for his exceptional transactional work and his ability to navigate complex dealmaking situations.

Movers & Shakers

The Deal | May 18, 2021

This column of notable executive news highlights the selection of Boston Corporate partner Christopher Keefe to lead the Business & Finance Department. CEO and managing partner Steve Zubiago is mentioned for previously holding that role.

Five rules for building a solid family office structure

Financial Poise | March 24, 2021

Chicago Corporate partner Gary Levenstein contributed this article on the growing prevalence and sophistication of family offices, and best practices for managing and operating a family office.

Hire Up-Firms bring in seasoned counsel to bulk up in capital markets and corporate

American Lawyer | February 26, 2021

The American Lawyer’s column on legal moves across the country includes details on Los Angeles Corporate counsel Richard Shamos joining the firm.

On the Move

The Recorder | February 25, 2021

This column of notable legal moves in California includes Los Angeles Corporate counsel Richard Shamos’ move to the firm.

Swim With a Mission

Wreaths Across America Radio | February 24, 2021

Manchester Corporate partner Phil Taub joined this veterans’ advocacy radio program to discuss his nonprofit, Swim With a Mission, which raises money to support worthy organizations that service, support, and honor our nation’s veterans.

Wake Up Call

Bloomberg Law | February 23, 2021

This column of notable legal news includes Los Angeles Corporate counsel Richard Shamos’ move to the firm.

People on the move

Crain’s Chicago | February 22, 2021

Chicago Intellectual Property partner Brad Taub’s and Corporate partner Sam Kim’s promotions to partner were included in this column of notable executive moves.

Rising Stars: New Partners at Holland & Knight, Nixon Peabody

The Deal | February 10, 2021

Chicago Corporate partner Samuel Kim’s promotion to partner was included in this column of notable executive news.

2020 Go To Lawyers: Business

Massachusetts Lawyers Weekly | December 28, 2020

Boston Corporate partner Dave Martland is profiled in this special section for being named as one of 20 “Go To“ business lawyers in Massachusetts, as chosen by a Lawyers Weekly panel.

Level Up: Legal Business Agreements

Capital Foundation of New York | December 15, 2020

In this blog post from the Capital Foundation of New York, Albany Corporate attorney Marissa Wiley responds to a submitted question concerning setting up a legal business agreement.

Phil Taub: A Thanksgiving tradition

New Hampshire Union Leader | November 23, 2020

Manchester Corporate partner Phil Taub wrote this op-ed about the many things for which he’s thankful this year, from our country’s active service members and veterans to those giving back to their local communities. Of note, Phil’s nonprofit, Swim With A Mission, was chosen to distribute over $4 million to veteran service organizations dedicated to helping veterans struggling with homelessness and mental health issues.

Why Marissa Wiley is ready for a new conversation

Albany Business Review | November 12, 2020

This profile of Albany Corporate partner Marissa Wiley highlights her early interest in law, her career trajectory and professional development, and her journey as an LGBTQ person.

Perspectives from Private-Equity Attorneys

The Wall Street Journal’s Private Equity Analyst magazine | October 01, 2020

Boston Corporate partner Kari Harris is featured in this article for her outlook on the private-equity industry, discussing the regulatory issue she sees having the biggest impact over the next year and which fund terms have been garnering the most attention amid the pandemic.

"Swim with a Mission" to oversee distribution of $4M to NH veterans groups

New Hampshire Union Leader | September 21, 2020

Private Equity team leader and Swim with a Mission co-founder Phil Taub is quoted in this feature story on the unprecedented leadership role for the nonprofit in distributing $4 million to Hew Hampshire veterans groups.

Paper Store Receives Higher Bid at Auction

The Deal | August 28, 2020

Boston Financial Restructuring & Bankruptcy partner Rick Pedone is mentioned in this article for representing TPS Group Holdings LLC in its stalking horse bid in Paper Store LLC’s bankruptcy auction. Private Equity group leader and Manchester partner Phil Taub is also representing the investor group.

40 Under 40: New leaders shaping the new normal

Albany Business Review | August 19, 2020

Albany and New York City Corporate & Finance attorney Marissa Wiley is quoted in this article containing highlights from a discussion with members of the Albany Business Review's "40 under 40" list.

How to Get What You Want in a Term Sheet

TechCrunch | August 13, 2020

San Francisco Corporate partner and leader of the West Coast Emerging Companies and Venture Capital Group Lior Zorea discusses how to negotiate the all-important term sheet and cap table to ensure that all parties benefit. Lior recently presented at TechCrunch’s premier Early Stage event on this subject.

Marissa Wiley appointed to Upstate Capital Association of New York Board of Directors

Upstate Capital Association of New York | August 07, 2020

Albany Corporate attorney Marissa Wiley is profiled in this article for her appointment to the Upstate Capital Association’s board of directors.

Paper Store Names Insider Vehicle as Lead Bidder in Ch. 11

The Deal | August 06, 2020

Boston Financial Restructuring & Bankruptcy partner Rick Pedone is mentioned in this article for representing TPS Group Holdings LLC in its stalking horse bid in Paper Store LLC’s bankruptcy auction. Private Equity group leader and Manchester partner Phil Taub is also representing the investor group.

Dealmaking under quarantine: 8 private equity and M&A pros share strategies while social distancing

Mergers & Acquisitions | April 29, 2020

This Q&A roundup on dealmaking during the age of COVID-19 features Boston-based Corporate practice group leader Chris Keefe’s best practices, including reaching out to colleagues and clients to check on the hardships they may be facing and lending a hand as we all weather the storm together.

Investors are making tough decisions on startups

The Boston Globe | April 27, 2020

This article quotes Manchester Corporate partner Phil Taub, head of the firm’s Private Equity team, on difficult decisions private equity firms are having to make in terms of which startups get funding and which do not in the midst of the coronavirus pandemic.

Why the coronavirus makes MAC clauses more important than ever

Mergers & Acquisitions | March 09, 2020

New York City Corporate partner Dick Langan, who leads Nixon Peabody’s annual survey of MAC (material adverse change) clauses in M&A deals, says the coronavirus outbreak is exactly the type of risk that such clauses are designed to address.

Private equity firms begin to wrestle with coronavirus risk

Wall Street Journal | February 27, 2020

Manchester Corporate partner Phil Taub talks to the Wall Street Journal about the personal and professional impact of the coronavirus outbreak on private-equity practitioners.

IntraLogic secures funding for major expansion

Long Island Business News | July 25, 2019

The following coverage highlights Nixon Peabody’s role as advisor to IntraLogic Solutions in its recapitalization by Post Capital Partners.

School security provider IntraLogic receives PE investment

Security Sales & Integration | July 25, 2019

The following coverage highlights Nixon Peabody’s role as advisor to IntraLogic Solutions in its recapitalization by Post Capital Partners.

How Todd Tidgewell merged law and venture capital into a career

Albany Business Review | January 03, 2019

Albany Corporate partner Todd Tidgewell is profiled in this Q+A that charts his professional path from law firm to venture capital and back. Todd now focuses his legal practice on advising private equity, venture capital and angel investors.

Movers & Shakers

The Deal | December 12, 2018

Nixon Peabody’s strategic addition of San Francisco Corporate partner Lior Zorea is covered in this roundup of executive news in the M&A, private equity and venture capital spaces.

Nixon Peabody snags corporate pro for San Francisco office

Law360 | December 11, 2018

San Francisco Corporate partner Lior Zorea’s arrival at Nixon Peabody is featured in this article, which highlights Lior’s experience in emerging growth companies, venture capital and M&A in the tech industry.

Nixon Peabody beefs up corporate practice with new hire

PE Hub | December 10, 2018

The arrival of San Francisco Corporate partner Lior Zorea is covered in this article by PE Hub, a top publication covering venture capital and private equity fundraising. Lior is quoted in the piece, along with San Francisco Office Managing Partner Tom Gaynor and Corporate practice group leader David Martland of Boston.

How Franchising and Licensing Can Be Avenues to Expand Your Fitness Business

Club Industry | October 31, 2018

In the second part of this two-part column, Nixon Peabody attorneys Kristin Jamberdino, Keri McWilliams, and Tarae Howell discuss potential avenues of expansion for fitness studios, including licensing and franchising. Click here to read Part Two.

How to expand your fitness business through brand management and careful investment

Club Industry | October 22, 2018

New York City Complex Commercial Disputes partner Kristin Jamberdino, Washington DC Corporate partner Keri McWilliams and Boston Complex Commercial Disputes associate Tarae Howell co-wrote a two-part contributed article advising boutique fitness entrepreneurs on best practices for expanding their brands. Click here to read Part One.

Private investment fund terms and conditions: The relationship between GPs and LPs

Financial Poise | September 27, 2018

Corporate partners Kari Harris of Boston and Gary Levenstein of Chicago co-wrote this contributed article about the relationships between general partner and limited partners in the multi-trillion private equity industry.

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