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North America - United States • Investment fund formation and management

Proskauer Rose LLP

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Proskauer Rose LLP is a trusted counselor to investment companies and their board directors, fund complexes and financial services firms, with expertise in registered funds and registered alterative fund products, including exchange traded funds, money market funds and business development companies. Furthermore, the ‘very knowledgeable and professional’ team advises on novel developments in the field, including recently on blockchain-enabled registered funds as well as evolving regulations in the field. Practice head Stuart Coleman sits in New York and offers a comprehensive advisory service to registered fund companies and board directors, including Apollo Independent Director Engagements and Central Park Group Funds. New York based David Stephens further strengthens the regulatory side of the practice, especially in SEC regulations and the Advisers Act. The grew in the last year with the addition of John Mahon in March 2023 from Schulte Roth & Zabel LLP in Washington DC.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Very knowledgeable and professional. Always extremely well prepared and an excellent business sense’

  • ‘Stuart Coleman and David Stephenson are the partners that we work with on our 40 Act companies. They have the total confidence our directors and have earned it over the many years they have represented us.’

Key clients

  • The BNY Mellon Family of Funds
  • The Lazard Family of Funds
  • Central Park Group Funds
  • UBS AM Funds
  • Legg Mason Partners Funds and Legg Mason Global Asset Management Trust
  • Apollo BDCs and Closed-End Funds
  • Baron Funds
  • Needham Funds
  • Harding Loevner Funds
  • Grosvenor Registered Multi-Strategy Funds
  • Morgan Stanley Pathway Funds
  • Sixth Street Partners
  • Investors Diversified Realty
  • New Mountain Capital
  • 180 Degree Capital
  • Great Elm Capital Corp.

Lawyers

Hall of fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Stuart Coleman

Stuart Coleman

Work highlightsProskauer Rose LLP

Stuart Coleman has counseled registered funds and their independent board members and market-leading investment advisers for more than 40 years, through cycles of industry expansion and innovation and in times of economic and regulatory crisis. His clients include funds and/or boards in more than 30 well-known complexes (including those with registered hedge and private equity funds, ETFs and BDCs), with assets of nearly 10% of all the money invested in investment companies. Stuart also has represented board litigation committees and has served as an expert in a significant matter before the SEC and in private litigation. A well-known individual in the industry, Stuart has chaired the New York City Bar Association Committee on Investment Management Regulation and has served on the ABA’s Task Force on the Fund Director’s Guidebook. In addition, he has spoken at numerous prominent industry conferences and before industry groups. He is passionate about the performing arts in New York City. He and his wife serve on the boards of a number of dance companies and performing arts venues. Before joining Proskauer, Stuart was the co-managing partner of a national law firm for 12 years.

Practice head

The lawyer(s) leading their teams.

Stuart Coleman

Other key lawyers

David Stephens, William MacGregor, John Mahon