Daniel L. McAvoy

Dan McAvoy focuses his practice on private closed-end investment funds, corporate finance and M&A with a focus on private investment fund transactions, including complex GP-led restructurings, purchases and sales of illiquid asset portfolios and other secondary transactions. Dan is a trusted adviser to numerous investment advisers, fund sponsors and investors, and has represented a range of companies, from startups to Fortune 500 companies. Dan has also represented portfolio companies and sponsors through all parts of the corporate life cycle, including formation, venture financings, add-ons, stock sales, asset sales, private and public mergers and initial public offerings.

Dan has in-depth experience helping overseas fund managers enter the U.S. markets for the first time, whether that be accepting U.S. investors, making U.S. acquisitions and divestitures, adding U.S. employees or marketing personnel, structuring family offices or opening U.S. offices. He will be there every step along the way to facilitate what can otherwise be a nerve-racking process. Dan also frequently serves as U.S. local counsel in M&A and securities transactions with a US or regulatory component, such as acquisitions of broker-dealers and investment advisers, 144A or Rule 506 / public Regulation S offerings, credit facilities and corporate M&A. Clients value his regulatory advice and ability to anticipate in the investment advisory and broker-dealer spaces.

Dan represents private equity-style funds of all types – private equity, venture capital, growth capital, special opportunities, debt, real estate and multi-property opportunity zone funds, with a particular focus on private equity secondaries funds and funds-of-funds. In addition, he has represented operating companies in a wide variety of transactions such as Regulation A+ offerings, at-the-market offerings, registered direct offerings, initial public offerings, Rule 506(c) offerings, acquisitions and divestitures. Dan likes to stay on the cutting edge of the law and has experience with security tokens, fractionalization and other blockchain-related transactions and regulatory advice.

• Represented secondaries fund manager in GP-led restructurings of two commonly-managed funds via LP tender offer with rollover options

• Represented secondaries fund managers in secondary direct, stapled secondary, direct co-invest secondaries and litigation finance portfolio acquisitions

• Represented buyers and sellers in sales of portfolios of illiquid fund interests and other assets

• Represented investment advisory firms in both the purchase and sale of distressed wealth managers in the wake of the 2008 financial crisis

• Represented private equity liquidity provider in GP-level subordinated debt refinancing of a fund portfolio

• Represented fund-of-funds, family office and strategic investor clients in dozens of direct fund investments and hundreds of direct investments and co-investments

• Represented dozens of fund managers entering the U.S. investor market for the first time

• Represented numerous issuers and/or their private equity or venture capital sponsors in initial public offerings

• Represented multiple overseas fund managers in opening U.S. offices

• Represented a major public media company in its $2.1 billion buyout of its co-venturers

• Represented tech start-up in the development and Regulation A+ offering of micro-investment model for the sale of interests in collector automobiles

• US counsel to major financial institution in its acquisition of a U.S. broker-dealer in a conglomerate acquisition

• U.S. securities and regulatory counsel to a group of non-U.S. investment funds with U.S. investors in connection with a roll-up transaction and initial public offering as a REIT on the London Stock Exchange

• Represented Exchange Act-registered broker-dealer in connection with its acquisition by a major insurance company via tender offer for cash and contingent value rights