Firm Overview
SADIS & GOLDBERG LLP
60-80
Onaverage,private fundscreatedand launchedannually
ABOUT SADIS
21 Countrieswith representedclients
#3
PreqinRankedforLaw FirmsServicingHedge Funds in theUS
#7
PreqinRankedforLaw
FirmsServicingHedge FundsWorldwide
Sadis&GoldbergLLPisanglobally recognizedlawfirm. Drawingontheexperienceanddepthofourlawyers,we leverageeachlawyer’sindustry-specificknowledgetohelpour clientssucceed.Thiscollaborativeapproachbringscollective insighttothetablethatcontributestosensible,efficient resolutions,andallowsustoremainattentivetocostandtime sensitivities.Sadisclientsincludestrategicandfinancialbuyers, independentsponsors,domesticandinternationalcompanies, financialinstitutions,familyoffices,venturecapitalfunds, hedgefunds,privateequityfunds,buyoutfunds,commodity pools,specialpurposevehiclesandnumerousbusinesses operatinginvariousindustriesaroundtheworld.
INDUSTRY INVOLVEMENT
IndependentSponsors-Sadishostsnetworkingeventsfor capitalprovidersandindependentsponsors,includingtwomajor conferenceseachyear,toconnectindependentsponsorsand capitalproviders.
EarnoutMagazine–Sadispublishesaquarterlymagazine, targetingfinancialservicesprofessionals,withafocuson independentsponsorsanddealmakers.
SadisBusinessBreakfast–Bringstogetherinvestors,founders, accountants,analysts,capitalproviders,andotherbusiness leaderstodiscusstrendingtopicsandnetwork.
Sadis Family Office Dinners - Executives from family offices network and share ideas on market trends across various industries.
SadisAnnualPrivateFundsForum-Industryleadersfromlaw firmsaccountingfirms,thirdpartyadministrators,directorsand consultantsfocusedontheprivatefundsindustrygathertogether forseveraldaysfromacrosstheglobetoshareideasanddiscuss recentdevelopmentsfacingthefinancialservicesindustry.
FOCUSED SOPHISTICATED REPRESENTATION
Sadis maintains a diverse, business-oriented practice focused on private investment funds, asset and wealth managers, family offices, litigation, corporate, mergers & acquisitions, real estate, regulatory and compliance, tax and ERISA.
“No law firm is better in the hedge fund space. Sadis doesn’t just know the legal framework; they are on the cutting edge of defining it.”
– JOHN STERLING FOUNDER, STERLING FUND MANAGERS
FINANCIAL SERVICES AND FAMILY OFFICES
SadisisknownforitsFinancialServicespractice.Ourseasonedattorneysfocusonservingclientsin theinvestmentmanagementindustrywitheveryissuetheymightface,includingtheformationof privatefundsandstructuresofmanagemententities,regulatoryandcomplianceguidance includingregistrationofinvestmentadvisers.commoditypooloperatorsandbrokerdealers,aswell asmockreviews,funddistributionsarrangements,mergersandrestructuring,securities, enforcementandlitigation.Thegrouphasexperienceinrepresentingsponsors,assetmanagers, institutionalinvestorsandfamilyofficesinconnectionwithprivateinvestmentvehicles,including hedgefunds,privateequityfunds,alternativefinancefunds(e.g.hardmoneylendingfunds,asset backedlendingfunds,litigationfinance),venturecapitalfunds,realestateinvestmentvehicles, cryptoanddigitalpaymentsfunds,andcommoditypoolsanddirectprivatetransactions.
Sadishasarobustprivateequitypractice,advisingbothfundsponsorsandinvestors.Ourclients benefitfromourdepthofexperience,asweprovideseasonaladvice,practicalandinnovative solutions,andfirstclassservice.Ourpracticeisincrediblyversatile,withexperienceinthe structuringandformationoffunds,thestructuringofinvestmentsandthenegotiationof acquisitionsanddivestitures.
Inadditiontoourprivatefundspractice,Sadisworkswithsomeofthemarket’smostactiveand sophisticatedprivateequityinvestorstostructure,negotiate,andcloseafullrangeofinvestment andacquisitiontransactions.Ourteamhasconsiderableexperienceinrepresentingprivateequity funds,managementgroups,consortiums,familyoffices,lenders,andportfoliocompaniesinthefull spectrumofprivateequitytransactions,including,butnotlimitedto:leveragedbuyouts,corporate carveouts,growthequityinvestments,distresseddeals,andco-investments–forfundsranging fromlargemultinationalfundstoindependentsponsors.
212.573.8029 ybraunstein@sadis.com
212.573.6660 rgeffner@sadis.com
212.573.8025 pfasciano@sadis.com
CORPORATE
Sadis&Goldberg’sCorporategrouprepresentsbusinessentitiesinallstagesofgrowth,from smallstartupsandemergingbusinessestolargeandlong-establishedbusinessentities.
OurattorneysactasongoingtransactionalcounselorsandresolvecomplexissuesintheUnited Statesandinternationally,inareassuchasmergersandacquisitions;activistinvesting; derivatives;privateequityandventurecapital;securitiesregulation;PIPEtransactions;banking andfinance;andcapitalmarkets.Thebroadnatureoftheserviceswerenderreflectsthewide scopeofourclients’needsandthemanyandvariedindustriesinwhichtheyoperate.Attorney teamsdrawnfromthefirm’srelatedlegalareascollaboratetoprovidetheexperienceneededfor eachofthesetransactions,includingcounselonissuesrelatedtotax,realestate,labor,ERISA, litigationandintellectualproperty,astheclient’scircumstancesrequire.
Paul Marino PARTNER
212.573.8158 pmarino@sadis.com
Robert
REGULATORY & COMPLIANCE
WEADVISEINVESTMENTADVISERS,FUNDSANDBROKERDEALERSONTHE U.S. REGULATORYASPECTSOFTHEIRBUSINESS,INCLUDINGTHEFOLLOWING:
o Securities Exchange Act of 1934. We advise clients on broker-dealer laws applicable totheir selling activities and regularly negotiate private placement and distribution agreements with selling agents. We also advise broker dealers engaged in wealth management businesses on compliance program design and regulatory matters. Our regulatory advice covers all aspects of broker-dealer laws, including FINRA rules and regulations, including qualifications and licensing of associated perons.
o Securities Act of 1933. We provide drafting and advice on compliance program requirements for advisers and broker dealers who engage in private placements, and review of the basis for the private offering to the investor and that the Fund including filing Form D with the SEC on behalf of the private offerings to avail themselves of the private securities offering safe harbor under Rule 506(b) or Rule 506(c) We also regularly manage State blue sky filings for our private fund adviser clients.
o Investment Advisers Act of 1940 (“Advisers Act”). Together with fund management we support advisers to private funds and registered investment companies on compliance and regulatory needs, review applicable exemptions that may be available to clients under the Advisers Act, including the foreign private advisers exemption, venture capital exemptionand private fundadvisers exemption. In addition, we handle all regulatory filings with theSEC, including any“exempt reporting adviser” filings and full registrations with the SEC, includingthe drafting of Codes of Ethics and Compliance Manuals and we provide advice on the implementation and ongoing maintenanceoftheprogram.
REGULATORY & COMPLIANCE
o Commodity Exchange Act Regulation. We provide drafting and advice on the design of compliance programs needed for commodity pool operators and commodity trading advisers required to be registered under the Commodities Exchange Act (“CEA”) with the National Futures Association ("NFA”), as well as advice concerning techniques for the implementation and ongoing administration of the same. In addition, we advise on the availability of any exemptions to registration or filing obligations under the CEA (applicable to commodities, currencies, and swaps), including any commodity pool operator (CPO) and commodity trading adviser (CTA) filings. A broad exemption from registration exists for low levels of activities in these instruments, and standard exemptionsexistforofferingsinprivatefunds.
o InvestmentCompanyActof1940(“CompanyAct”).Weprovidedrafting and adviceon the design of complianceprogramsneeded for investment companiesregistered under theCompany Act, as well asadviceconcerning techniquesfor theimplementation and ongoing administration of the same. In theevent privatefundsareformed in order to conduct aU.S offering, wewould adviseon theregulatory exemptionsavailableto such fundsunder theInvestment Company Act, including the 3(c)(1), 3(c)(5) and 3(c)(7) exemptions, aswell asinvestor duediligenceobligations imposed on the manager to demonstratecompliance.
o Employee Retirement Income Security Act (“ERISA”). For offers of securities or advisory services to pension plans or other investors whose assets constitute plan assets under U.S. law, we would advise on the obligations imposed under ERISA and the guidelines that the funds or advisers should followinrespectofERISAinvestorsorclientstoensurethatsuchadvisersor fundsdonotbecomea fiduciary of any ERISA plan investor, or are prepared to comply with ERISA and the DOL and IRS regulationsthatmayapply.
o Examination and Enforcement Support, and Mock Audits. We provide support to advisers and funds, or broker dealers when they undergo examination by the SEC, FINRA, CFTC, NFA or State securities regulators. We regularly conduct SEC & FINRA mock audits and focused compliance reviews on behalf of our clients. Led by a former Chief Compliance Officer with nearly 30 years of experience in managing regulatory examinations and relationships, these reviews and audits encompass a review of compliance policies and procedures that are required to be maintained by a client under federal and state securities and commodities laws and regulations. Together with the firm’s litigation team, we also support our clients when they are required to respond to enforcement inquiries from the regulators. Our team leverages its multidisciplinary expertise to provide insight intobestpracticesfromacompliance,enforcement,andbusinessperspective.
Weregularlyrepresentinvestmentmanagers,investors,serviceproviders,directors,liquidators, receiversandbusinessownersinawiderangeofdisputesandregulatoryproceedingssuchas thirdpartyadministrators.Whatsetsusapartfromourcompetitionisourdeepunderstandingof ourpracticeareasandourwillingnesstohandlecasesonacontingencybasisoralternativefee structure.Webelievethatwecanbestserveourclientsbypartneringwiththemthroughtheuse ofacreativefeestructureandthenintenselyfocusonachievinganoutstandingresult.
TAX & ERISA
Ourtaxgrouppossessextensiveexperienceandcomprehensiveperspectiveinfederal,state, localandinternationaltaxmatters,includingplanningandstrategyadvisementaswellasin taxdisputeresolution.Weprovideindividualandcorporateclients,financialandinvestment vehiclesandexecutivecompensationplanswithdesignstructurestailoredtotheirdistinct needsandcircumstances.
REAL ESTATE
FIRM HISTORY
551FifthAvenue,21stFloor
A HISTORY OF FOCUSING ON BUSINESS-DRIVEN
Sadis&GoldbergLLPwasfoundedin1997byseveralprominentlawyerscommittedtoexcellencein thepracticeoflawanddevotedtodevelopingstrongclientrelationships.Theoutstandingtalentof itslawyersandtheintimacyoftheirrelationshipswiththeclientsisstilltheheartofthefirm.The seniorleadershipiscomprisedofformerSECenforcementlawyersandseasonedprofessionalswho startedtheircareersinmajorlawfirms.Allhavevastlevelsoftrainingandproventrackrecordsof professionalism,skillanddiligence.