Ms. Kawata is co-head of Davis Polk’s Investment Management/Private Funds Group. She advises clients on the formation and operation of private investment funds and other investment vehicles exempt under the U.S. Investment Company Act, including private equity funds, hedge funds, venture capital funds, fund of funds and funds investing in particular sectors or countries. She also advises clients on the establishment and operations of private fund managers, including private equity and hedge fund firms.
In the private funds practice, Ms. Kawata advises clients on the full spectrum of legal and marketing considerations involved in establishing private funds with diverse investment strategies that are marketed to investors on a worldwide basis, including institutional investors and high net worth individuals. She also advises fund sponsors seeking to establish “carried interest” plans and other profit-sharing arrangements for their employees, as well as various types of after-tax and phantom employee investment programs. In addition, her practice includes the representation of institutional investors seeking to invest in private funds, such as private equity funds, venture capital funds and hedge funds.
She advises numerous private funds and private fund sponsors and advisers as to the regulatory considerations applicable to their ongoing operations and investment activities, including compliance with the U.S. Investment Advisers Act and the U.S. Investment Company Act. Her practice includes compliance reviews of hedge fund managers and private equity fund managers under the Investment Advisers Act, as well as advice on the effect of a private fund’s investment activities on the ongoing operations of other businesses affiliated with the private fund. In addition, Ms. Kawata has obtained exemptive relief from the SEC for employee investment funds as “employees’ securities companies” under the Investment Company Act.
Ms. Kawata was named one of the "Lawyers of the Year" for Private Fund - Regulatory at the 2016 Who's Who Legal Awards.
She is consistently recognized as a leading private equity fund formation lawyer in various industry publications:
Chambers Global – Investment Funds: Private Equity: Fund Formation: USA, Band 1,2017
Chambers USA – Investment Funds: Private Equity: Fund Formation: Nationwide, Band 1, 2016
IFLR1000 Legal 500 U.S.
Who’s Who Legal–International Who’s Who of Business Lawyers and Who’s Who Legal–International Who’s Who of Private Funds Lawyers
Cross-Border Private Equity Handbook and Cross-Border Investment Funds Handbooks
Expert Guides: Private Equity Lawyers, Lawyers–Best of the Best and Investment Funds Lawyers