© 2016 The Texas Lawbook.
By Brooks Igo
(Sept. 30) – Kirkland & Ellis recently announced that the Houston office is expanding its capabilities with the addition of an investment funds group.
Matthew Nadworny, a Kirkland partner from the San Francisco office, has transferred to Houston to lead the development of the new group.
“The strategic decision behind my move to the Houston office is the firm’s belief that every office should be self-sustainable and should have every practice group,” he said.
Kirkland has advised 280 investment fund sponsors, raising more than 380 funds and representing more than $305 billion of capital commitments, according to a firm announcement. Nadworny has formed funds ranging in size from under $200 million to several billion.
Nadworny, who represents a number of Texas-based funds, says a unique challenge for energy-related investment funds in Houston is raising funds with lower oil prices.
“Funds with extra dry powder are looking at how they can hit the market running,” he said.
Helping clients navigate an increase in regulations is also a significant part of Nadworny’s practice.
“The SEC is focusing more on conflicts of interest, sharing of expenses and how management fees, including transaction fees and monitoring fees, are calculated and allocated,” he said.
“We have to look at how we can increase transparency and align with what the SEC expects.”
© 2016 The Texas Lawbook. Content of The Texas Lawbook is controlled and protected by specific licensing agreements with our subscribers and under federal copyright laws. Any distribution of this content without the consent of The Texas Lawbook is prohibited.
If you see any inaccuracy in any article in The Texas Lawbook, please contact us. Our goal is content that is 100% true and accurate. Thank you.