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Real / Hard Asset Funds: Real Estate and Infrastructure


Speaker(s): David W. Mayo, Harris B. Freidus, Udi Grofman
Recorded on: Sep. 12, 2019
PLI Program #: 281867

Udi Grofman is a partner in the Corporate Department, co-head of the firm’s Private Funds Practice Group and a member of the Investment Management Practice Group. His practice has an emphasis on investment funds, securities law and regulatory compliance.

EXPERIENCE

Udi's experience includes structuring financial services and investment management firms, hedge funds, private equity funds, hybrid funds and funds-of-funds, and scalable platforms for fund sponsors; and structuring and negotiating seed and strategic investments and relationships. Udi represents institutional seeders and has negotiated dozens of seed deals for seed investors and seeded managers. In addition, he regularly advises investment management firms and their principals on regulatory compliance, crisis and risk management, and other operational issues. Udi also represents both buyers and sellers on mergers and acquisitions of investment management firms and has considerable experience in investment management firm reorganizations.

Udi is recognized as a Band 1 investment funds lawyer in Chambers USA. He is also recognized as a leading lawyer in Who's Who Legal- The International Who's Who of Private Funds Lawyers and in The Legal 500. He writes and speaks frequently on the challenges facing hedge funds in today's market. Most recently, Udi was selected among the finest law firm writers of 2016, along with litigation partner Richard A. Rosen, with a Burton Award for their article, "Political Intelligence and U.S. Insider Trading Regulations," published in Bloomberg BNA's Securities Regulation & Law Report.

Udi served as a lecturer for The Interdisciplinary Center-School of Law, School of Business Management, Herzliya, Israel and is a captain (ret.) in the Israel Defense Forces.

Practices

Corporate
Investment Management
Private Equity Transactions

Education

LL.M.,New York University School of Law, 2000

LL.B.,Tel-Aviv University, 1996 magna cum laude

Bar Admissions

New York

Related Resources

Jul 13, 2016 | Publications
SEC Proposes Rules on Business Continuity and Transition Plans for Investment Advisers

Jun 17, 2016 | Publications
SEC Increases “Qualified Client” Net Worth Threshold

Feb 25, 2016 | Events
Udi Grofman to Speak on U.S. Regulatory Trends at Maples Investment Funds Forum

Mar 06, 2016 | Events
Marco Masotti, Udi Grofman, Michael Hong and Amran Hussein to Participate in ABA/IBA

Education

LL.M.,New York University School of Law, 2000

LL.B.,Tel-Aviv University, 1996 magna cum laude

Bar Admissions

New York

Related Resources

Jul 13, 2016 | Publications
SEC Proposes Rules on Business Continuity and Transition Plans for Investment Advisers

Jun 17, 2016 | Publications
SEC Increases “Qualified Client” Net Worth Threshold

Feb 25, 2016 | Events
Udi Grofman to Speak on U.S. Regulatory Trends at Maples Investment Funds Forum

Mar 06, 2016 | Events
Marco Masotti, Udi Grofman, Michael Hong and Amran Hussein to Participate in ABA/IBA International Conference on Private Investment Funds

Jan 11, 2016 | Publications
SEC Announces 2016 Examination Priorities

Dec 21, 2015 | Publications
Annual Privacy Policy Notice Requirement

Nov 23, 2015 | Publications
Private Funds Regulatory Compliance Calendar 2016

Sep 24, 2015 | Publications
FinCEN Proposes AML Regulations for Investment Advisers

Sep 17, 2015 | Publications
OCIE Issues Additional Information on Cybersecurity Examination Initiative

Aug 27, 2015 | Publications
FinCEN Proposes AML Regulations for Investment Advisers

Aug 26, 2015 | Home
General Solicitation and General Advertising

Aug 24, 2015 | Publications
Richard Rosen and Udi Grofman Co-Author Bloomberg BNA Article on Political Intelligence and Insider Trading

Aug 12, 2015 | Publications
SEC Issues Guidance on “General Solicitation or General Advertising”


A partner in the Tax Department, David Mayo focuses his practice on corporate and partnership taxation, taxable and tax-free mergers and acquisitions, restructurings and cross-border transactions.

EXPERIENCE

  • A consortium of private equity funds in the acquisition of U.S. and Canada homebuilding operations of Taylor Wimpey plc;
  • Kohlberg and Company in its acquisition and subsequent public offering of Bauer Performance Sports;
  • KPS Capital Partners in raising its $1.2 billion Fund III and $1.0 billion Fund III Supplemental;
  • The Bondholders of CIT Group Inc. in CIT Group's prepackaged bankruptcy;
  • Religáre Enterprises Limited in its acquisition of a majority stake in the management company of Northgate Capital and Landmark Partners; and
  • The Management Team of R3 Capital Partners in their spin out from Lehman Brothers and subsequent acquisition by BlackRock.

David is a member of the Executive Committee of the Tax Section of the New York State Bar Association, and is a past president of the New York City Tax Club. David has been recognized in Chambers USA as a Leading Individual since 2006 and in The Best Lawyers in Americasince the 2011 edition. Most recently, David was ranked by Chambers Global, in which sources say he is "thorough and business-minded, with the ability to translate tax code into English."

David served as editor in chief of the Harvard Journal of Law & Public Policy.


Co-chair of the Real Estate Department, Harris Freidus advises public and private companies, developers, entrepreneurial and institutional investors and lenders in all areas of commercial real estate, including developments, financings, joint ventures, sales and acquisitions, construction, leasing and restructurings. His expertise covers all real estate asset classes, with a special emphasis on gaming and hospitality.

EXPERIENCE

Harris' recent experience includes:

  • representing Las Vegas Sands Corp., the owner of The Venetian and Palazzo gaming resorts in Las Vegas, The Sands Macau and Venetian Macau in Macau, and Marina Bay Sands in Singapore, with all of its financings, developments, sales, joint ventures and other material transactions in the United States, Macau and Singapore since 1995;
  • representing HCP, Inc., an S&P 500 healthcare REIT, in a variety of acquisitions, joint ventures and financings (as lender) covering hundreds of healthcare facilities throughout the United States;
  • representing CIM Group, a sponsor of real estate funds that specializes in urban investments, in a variety of New York City acquisitions, joint ventures, and developments including 432 Park Avenue, 303 East 51st Street, and 140 West Street;
  • representing NorthStar Realty Finance Corp., a New York-based diversified commercial real estate company, in various healthcare portfolio acquisitions, joint ventures and financings, including its $4.2 billion acquisition of the outstanding shares of NYSE-traded Griffin-American Healthcare REIT II;
  • acting as primary counsel to the joint venture that owns the iconic Fontainebleau Miami Beach Hotel, and representing it in the successful out-of-court restructuring of over $800 million in debt and other secured claims and in several subsequent refinancings with senior and mezzanine components;
  • assisting Douglaston Development in the development and financing of various multi-family and residential condominium developments in New York City, including The Edge, a mixed-use project consisting of 347 moderate-income rental apartments, 1,100 luxury condominium units, 60,000 square feet of retail space and parking garage space for over 600 cars on the Williamsburg waterfront; and
  • representing various developers and funds and other institutions in the acquisition, development and financing of various properties.

In both 2017 and 2015, Harris was recognized as a "Real Estate MVP" by Law360. He has been recognized by Chambers USAThe Legal 500The Best Lawyers in America and Expert Guides as one of the country's leading Real Estate lawyers, and is a member of the American College of Real Estate Lawyers. He is involved with numerous charitable organizations including serving as pro bono counsel for The Blue School, an innovative school for young children led by the founders of The Blue Man Group.