Norm Champ, P.C. - Partner

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Norm Champ, P.C.

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New York
Phone: +1 212-446-4966
Fax: +1 212-446-4900
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Professional Profile

Norm Champ is a partner in the New York office of Kirkland & Ellis LLP. Norm is a member of the Investment Funds Group. Previously, Norm was the director of the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC).  

While at the SEC, Norm played a key role in the SEC’s completion of landmark reforms in 2014 to strengthen the $3 trillion money market fund industry, and led important structural and policy changes in the Division of Investment Management. He was the leader of interactions with the Financial Stability Oversight Council as the Council turned its attention to whether asset management firms are “systemically important.” He also worked on crisis management efforts at securities firms to protect customers of those firms. Norm also headed the creation of Guidance Updates and Senior Level Engagement initiatives, both of which were established to provide transparency to the industry about the priorities and goals of the SEC and to create a dialogue between policymakers and the senior management of asset management firms.

Norm’s book, Going Public, about his experiences at the SEC is available on Amazon. For more information on Going Public, visit www.goingpublicthebook.com.

Prior to becoming the Director of the Division of Investment Management, he was the Deputy Director of the SEC’s Office of Compliance, Inspections and Examinations (OCIE) and the Associate Regional Director for Examinations in the SEC’s New York Regional Office. In these capacities he supervised SEC examinations of investment advisors, investment companies, broker-dealers, national securities exchanges, credit rating agencies, clearing firms and other market participants.

Norm is one of several members of the SEC’s Division of Investment Management who have recently joined Kirkland’s Investment Funds Group Regulatory Practice. Alpa Patel served as branch chief and Jamie Walter served as senior counsel in the Private Funds Branch of the Division’s Rulemaking Office. Aaron Schlaphoff was an attorney fellow in the Division’s Rulemaking Office. Marian Fowler served as senior counsel to the Division Director.


Representative Matters

Transactions

Advised SoftBank on its $3 billion agreement to acquire Fortress Investment Group in the first take private of a publicly traded alternative investment manager.

Represented a private equity firm in an investment in a portfolio company located in the People’s Republic of China.

Funds

Represent Softbank’s US investment adviser as US regulatory counsel and advised on the formation of the Softbank Vision Fund, a $93 billion private equity fund launched in May 2017.

Represented Vista Equity Partners in connection with the formation of Vista Equity Partners Fund VI, L.P.

Examinations

Represent private equity managers during examinations by the staff of the U.S. Securities and Exchange Commission.

Represented several hedge fund managers during a U.S. Securities and Exchange Commission sweep examination focusing on Form PF filings.

Develop strategy and materials for private equity and hedge fund managers in preparation for examinations by the staff of the U.S. Securities and Exchange Commission.

40 Act

Represent advisers to mutual funds and business development companies on complex issues arising under the Investment Company Act of 1940.


Memberships & Affiliations

Advisory Council, Woodrow Wilson School, Princeton University

Board of Directors, The School of American Ballet 

Former Trustee, The Spence School


Other Distinctions

Harvard Law School Lecturer on Investment Management Law since 2008

SEC Chairman’s Award for Law and Policy, 2014, 2011

SEC Chairman’s Award for Labor Management Relations, 2014, 2011

SEC Chairman’s Analytical Methods Award, 2013


Seminars

Norm is a frequent and seasoned speaker having presented on securities law topics at SEC programs, Princeton University’s Bendheim Center for Finance, the Practicing Law Institute, ICI, SIFMA, MFA, the Saudi Central Bank, the New York City Bar Association, the International Bar Association, the ACA Compliance Group, the Financial Times and others.

He is also a lecturer on investment management law at Harvard Law School.


Prior Experience

Director, Division of Investment Management, U.S. Securities and Exchange Commission 2012–2015

Deputy Director, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission, 2010–2012

General Counsel, Chilton Investment Company, 1999–2009

Lawyer, Davis Polk & Wardwell LLP, 1989–1990, 1992–1999

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