Jacob Seransky

Fund Formation and Fund Sponsor / Manager Representations

• Represented a new private fund sponsor in connection with the formation and structuring of interests in a hybrid evergreen fund targeting at least $1 Billion in total capital commitments.
• Represented a successful private equity fund portfolio manager in connection with his exit from a well-known global asset manager and his formation and structuring of a new private equity fund sponsor that is pursuing an opportunistic take-private strategy with respect to publicly-traded companies in several industries, and in his related seed deal with an established, well-known hedge fund management firm.
• Represented an established, industry-agnostic private equity fund sponsor and SEC-registered investment adviser focused on investments in operating businesses with up to $200m in enterprise value in connection with several portfolio company transactions, a continuation vehicle, and various firm-level and carry vehicle matters.
• Represented an emerging hedge fund manager in the structuring, formation, and launch of its quantitative macroeconomic fund, and in its organization as an investment adviser.
• Represented a first-time private equity fund manager founded by two private funds industry veterans in the structuring, formation, and launch of its fund, which focuses on acquiring franchisee businesses operating in the consumer and business services industries.
• Represented a new private equity fund sponsor, founded by the former CEO of a publicly-traded energy company focused on acquiring mineral and royalty interests, in the structuring, formation, and offering of interests in its inaugural fund, and in the negotiation of its strategic partnership with two other energy industry firms.
• Represented multiple other private equity fund sponsors in the structuring, formation, and launch of their respective first funds, and in the launch of their respective investment management firms.
• Represented a hedge fund manager in the structuring, formation, and launch of its market-neutral, multi-strategy fund, and in its organization as an investment adviser.
• Ongoing representation of multiple private equity fund sponsors and hedge fund managers in connection with matters related to the corporate, regulatory, and operational functions of their respective investment management businesses and private investment funds.
• Ongoing representation of a lower middle-market private equity fund sponsor in connection with its portfolio company transactions, including in the formation, structuring, and offering of interests in several special purpose vehicles and co-investment vehicles.
• Counseled a complex multi-billion dollar fund sponsor on matters related to the structure and allocation of equity interests in its management company and general partner entities.
• Represented a diverse investment manager in connection with the formation and structuring of a private equity “access fund” designed to invest substantially all of its assets into a master-feeder fund structure managed by a large, well-known third-party asset manager investing in the professional sports arena, including in NBA teams and certain related service companies and related assets.
• Represented a Latin-American private fund sponsor in connection with the formation, structuring, and offering of interests in a single-asset continuation vehicle.
• Represented a middle-market private equity fund sponsor in connection with the formation, structuring, and offering of interests in several co-investment funds and alternative investment vehicles.
• Represented a newly-formed private credit fund sponsor in connection with the formation, structuring, and offering of interests in its debut private credit fund.
• Represented a middle-market private equity fund sponsor in connection with extensive GP-level negotiations with former partners and the associated restructuring of various GP and other upper-tier entities.
• Represented an emerging growth-equity fund sponsor in connection with the formation, structuring, and offering of interests in several parallel funds and special purpose vehicles, a restructuring of its existing alternative investment vehicles, and multiple portfolio company transactions.
• Represented a middle-market private equity and real estate fund manager in connection with the formation, structuring, and offering of interests in several financing and co-investment vehicles, and in the evaluation of NAV loan opportunities and a continuation vehicle.

GP Stakes and Seed Deals

• Represented Xponance Alts, LLC (a subsidiary of Xponance, Inc.), a multi-strategy investment firm that seeks to partner with GPs that manage alternative asset strategies across private equity, private credit, real estate, and infrastructure, in its negotiation and structuring of a strategic partnership with The Copia Group, an investment adviser that provides capital solutions to private middle-market companies, which included both a minority GP-stake transaction and a private fund investment.
• Represented Caro Investors Management, LLC (“Caro Investors”), a newly-established middle-market private equity fund sponsor in its negotiation and structuring of a seed deal with global alternative asset management firm, TPG, Inc., which, through TPG NEXT, made a passive minority investment in Caro Investors and will be an anchor investor in Caro Investors’ inaugural real estate private credit strategy.
  • In connection therewith, representing Caro Investors in the structuring, formation, and launch of its inaugural real estate private credit strategy.

Institutional Investors and Placement Agents  

• Represented multiple well-known institutional investors in connection with their investments in private funds managed by various third-party managers, including in the negotiations of side letters and fund-of-one terms and governing documents.
• Represented a sovereign wealth fund in connection with its participation, through a fund-of-one, in a large, stapled-secondary transaction, alongside the flagship fund of a leading global manager of secondaries funds.
• Ongoing representation of a well-known global investment bank in its capacity as placement agent for numerous continuation fund vehicles sponsored by various third-party private equity fund sponsors.
• Represented a well-known global investment bank in its capacity as placement agent and exclusive financial advisor to New Mountain Capital in connection with the offering of interests in a $3.1 billion single-asset continuation fund to acquire Real Chemistry, which is the largest-ever single-asset continuation vehicle raised to-date.
• Ongoing representation of investment banks acting as placement agent on equity private placements.

• Legal Intern, U.S. Securities and Exchange Commission, Division of Trading and Markets, 2021-2022

• Legislative Consultant, Anfield Consulting, 2019-2020