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In February and March 2021, Day Pitney represented an investment manager focused on credit investments in connection with the restructuring of its hedge fund to provide alternatives to investors with differing liquidity needs and investment objectives. The Day Pitney team advised the client in connection with the following: (i) formation of a special purpose vehicle (SPV) to liquidate a portion of the funds' portfolio, and distribute in kind shares in the SPV to investors electing to redeem their investment; (ii) preparation of amendments to the funds' offering documents to reflect the restructuring and certain revised terms for investors electing to remain invested in the funds; and (iii) preparation of an investor consent and election form, including appropriate disclosures regarding the restructuring. In connection with the restructuring, the Day Pitney team also assisted with the negotiation of agreements in respect of secondary transactions between existing investors and new investors.
The Day Pitney team consisted of Peter Bilfield, Erik Bergman, Lydia Lee and Joty Mondal, assisted by Steve Ziobrowski on tax issues and Liza Hecht on ERISA issues.
Day Pitney Alert
Day Pitney Alert
Due to the COVID-19 pandemic, this year's annual Day Pitney Palm Beach Family Office Forum, which had originally been scheduled for April 28 and 29, has been postponed to hopefully be rescheduled for later this year.
Day Pitney Press Release
In March 2022, Day Pitney completed a transaction in which it represented Iridian Asset Management LLC, an asset management firm based in Westport, CT and its management team (collectively "Iridian"), in connection with the "management buyout" of its founding partners and the firm's asset management business.
Day Pitney Press Release
Day Pitney Press Release
Shant Chalian's arrival to Day Pitney was included in the Connecticut Law Tribune feature article, "Lateral Moves to Big Firms in Stamford Boost Corporate Investment Teams," which focuses on recent moves to Connecticut by corporate investment attorneys.
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This website may use cookies, pixel tags and other passive tracking technologies, including Google Analytics, to improve functionality and performance. For more information, see our Privacy Policy. By using our website, you are consenting to our use of these tracking technologies. You can alter the configuration of your browser to refuse to accept cookies, but if you do so, it is possible that some areas of web sites that use cookies will not function properly when you view them. To learn more about how to delete and manage cookies, refer to the support instructions for each browser (e.g., see AllAboutCookies.org). You may locate Google Analytics' currently available opt-outs for the web here.