The Firm is a leader in advising the investment management industry. Its clients include many of the best-known investment advisory firms and financial institutions sponsoring a wide range of investment funds, as well as many sophisticated investors in these funds. Our services cover fund formation and ongoing advice for both registered and unregistered advisors, as well as counseling in specialized situations, such as corporate financings and mergers and acquisitions for investment advisory firms. The Firm's practice is global, advising clients around the world and maintaining fund attorneys in our offices worldwide. Our practice is also multidisciplinary and closely integrated with the rest of the Firm.
In the public fund area, the Firm has consistently ranked among the nation's top law firms with respect to the issuance of new mutual funds. We represent a broad base of open-end and closed-end funds with over $110 billion of assets under management. We also represent both funds and underwriters in a wide variety of fund capital markets transactions, including offerings of common and preferred stock and rights offerings.
In the private fund area, we have a preeminent practice. The Firm represents many of the best known sponsors and investors in a wide variety of private funds, such as private equity funds, hedge funds, real estate funds, venture capital funds, distressed debt funds, fund-of-funds and other types of funds pursuing “alternative investment” strategies.