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North America - United States • Investment fund formation and management

Proskauer Rose LLP

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Specializing in advising alternative investment managers in the full range of hedge fund related matters, the experienced team at Proskauer Rose LLP is jointly led by Christopher Wells and Kelli Moll. Both lead on fund restructuring matters, and quantitative strategy fund formation. Caryn Greenspan advises fund sponsors on credit fund formations, and hedge fund managers on product launching and structuring. Assisting in single fund formation, hedge fund restructuring, and representing joint venture clients in strategy fund formation are among the team’s key strengths. Senior associate Cameron Clark is another recommended contact in the hedge fund practice. Partners Michael Mavrides and Robert Leonard departed to Dechert LLP in June 2023, while Jennifer Dunn joined the team from Schulte Roth & Zabel LLP in May 2024. All lawyers are based in New York unless stated otherwise.  

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Christopher Wells is able to harness years of experience to deliver practical, targeted and business-conscious advice. ’

  • ‘Christopher Wells takes real world business considerations into account, and is very knowledgeable and plugged into what is going on in the market. Various associates have worked on various SEC filings and are reliable and proactive.’

Lawyers

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Kelli Moll

Kelli Moll

Proskauer Rose LLP

Kelli Moll is a partner of Proskauer's Private Funds Group and Co-Head of the Hedge Funds practice. With over 25 years of experience amassed advising large institutional asset managers to independent sponsors across the spectrum of asset classes, Kelli is considered a leading lawyer in the funds industry. Kelli’s practice particularly focuses on counseling investment advisors on the formation and ongoing operations of hedge funds, credit funds and growth equity funds. Kelli regularly advises fund sponsors on fund formation, co-investment arrangements, upper tier arrangements, seed capital arrangements, asset manager M&A, complex fund restructurings, funds-of-one, managed accounts and various regulatory issues. Kelli is also a staple at industry events, where she is regularly engaged for her thought leadership on business and regulatory trends in the marketplace. Kelli is passionate for the arts and serves as a member of the American Ballet Theatre charitable board.

Next generation partners

Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Jennifer Dunn

Jennifer Dunn

Proskauer Rose LLP

Jennifer “Jenny” Dunn is a partner in Proskauer’s Corporate Department and a member of its Private Funds Group and Hedge Funds practice. Jennifer focuses her practice on advising hedge funds, closed-end funds (including debt funds), hybrid funds, co-investment platforms and investment advisers in connection with their structuring, formation and ongoing operational needs, general securities laws matters, and regulatory and compliance issues. Her practice includes structuring and negotiating seed and strategic investments, advising investment managers regarding the structure and sale of their platforms and the structure of their compensation arrangements. She also represents investment managers in connection with managed accounts and single investor funds.

Practice head

The lawyer(s) leading their teams.

Christopher Wells, Kelli Moll

Other key lawyers

Caryn Greenspan, Cameron Clark