Simpson Thacher & Bartlett LLP today announced that Jonathan Gaines has joined the Firm as a Partner in the Registered Funds Practice.
“Asset managers are increasingly seeking innovative ways to access retail markets and to further democratize private market strategies,” said Alden Millard, Chair of Simpson Thacher’s Executive Committee. “Jon’s expertise in the development of bespoke alternative investment funds will expand our ability to meet clients’ growing needs in this area, and we are very pleased to welcome him to Simpson Thacher.”
Jon advises registered funds, their boards and investment advisers on a wide range of regulatory and corporate governance matters. In particular, he counsels clients on the launch and operation of alternative strategy investment funds such as BDCs, interval funds and registered funds launched by private equity sponsors, as well as in related M&A deals, IPOs and other capital raising transactions. He has particular experience in advising clients on the highly complex, often novel, transactional and structuring issues arising in the development and launch of innovative alternative products.
“Jon is known for providing commercial, creative advice to help clients translate private market investments into retail market opportunities, and we’re thrilled to welcome him to the team,” said Rajib Chanda, Head of Simpson Thacher’s Registered Funds Practice. “We’re excited about the team’s continued growth. Jon’s hire follows the recent addition of Ken Burdon, and means we now have nearly 20 partners focusing on this rapidly evolving area.”
“Simpson Thacher is renowned for its work in pioneering groundbreaking retail fund products on behalf of sophisticated asset managers around the world,” said Jon. “I’m excited to be joining such an incredible, collaborative team.”
Simpson Thacher’s dynamic Registered Funds Practice encompasses the entirety of the retail investment business. Clients turn to Simpson Thacher to accomplish the unprecedented in the 1940 Act space and beyond, encompassing everything from product development and regulatory guidance to novel transactional matters. The team advises on retail fund formation across numerous asset classes, and in a broad range of fund structures, including interval funds, tender offer closed-end funds, BDCs, REITs, permanent and evergreen capital vehicles and others. The team also provides ongoing advice to retail fund clients on myriad transactions, including acquisitions and dispositions, capital markets offerings, restructurings, consolidations and other matters.
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