Robert Blaustein, P.C.

Representative Fund Transactions

Advising multibillion dollar U.S. and Global buyout funds, including:

• Multiple one and done closings on $10 billion-plus funds
• Represented U.S. middle market sponsor on $6.5 billion fund closing
• Represented U.S. middle market sponsor on $3.5 and $1.8 billion dollar closing
• Represented U.S. middle market sponsor on simultaneous one and done closings for $2.1 billion buyout fund and initial credit fund
• Represented U.S. sponsor on sale of interests in “pre-seeded” fund with 10 exiting portfolio companies
• Worked with numerous buyout sponsors on launch of credit platform
• Advised numerous sponsors on launch of additional equity strategies, including sector and geographic-specific funds and funds targeting smaller transactions
• U.S. and European-based hedge funds with various investment strategies
• Advised asset managers on acquisition and integration of separate investment manager and launch of new fund product and subsequent spin-out

Representative GP Stakes and Asset Management Transactions 

• Siris on the sale of a minority interest to Wafra and a structured financing from Landmark
• Owl Rock on sales of minority interest to Dyal and a management company financing from Dyal’s credit fund, along with prior sale to a family office-led consortium
• U.S. sponsor on the sale of a minority interest to Dyal
• Comvest Partners on the sale of a minority interest to Affiliated Managers Group
• Warburg Pincus on the sale of a minority interest to Groupe Marc de Lacharrière (GML)
• Represented U.S. lower middle market sponsor on the sale of preferred equity interests in management company to a prominent secondary buyer
• Represented U.S. middle market sponsor on the sale of a preferred equity financing arrangement to 17Capital

Representative GP Led and Large Scale Secondary Transactions

• Represented Warburg Pincus on sale of interests in Allied Universal to a newly formed continuation fund, Buyouts’ 2019 secondaries deal of the year
• Represented Warburg Pincus on strip sale of 30 portfolio companies to continuation fund led by Lexington and Goldman Sachs
• General Motors pension funds in a nearly $2 billion sale of private equity assets to Lexington Partners and a sovereign wealth fund
• Represented selling sponsor in acquisition of real estate management business
• Represented seller in connection with disposition of $250 million portfolio of limited partnership interests in private equity funds
• Represented sponsor in complex stapled secondary transaction resulting in lead commitment to new fund

SPAC-Related Representations:

• Represented CC Capital in connection with formation of joint venture for sequential SPACs with standing Forward Purchase Agreements
• Represented 5 PE sponsors/ on PE aspects of SPAC IPOs ranging from $250-500 million, including related sponsor arrangements
• Represented numerous SPAC sponsors on arrangements related to institutional funding and management equity grants

Willkie Farr & Gallagher

Associate, Asset Management Group (2005–2007)