© 2014 The Texas Lawbook.
By Brooks Igo
(Feb. 17) – Winstead strengthened its Fort Worth office and created a new industry group with the recent addition of private fund guru Andrew Rosell.
Rosell joins the firm from Kelly, Hart & Hallman. Prior to that, he worked for eight years as general counsel and chief compliance officer for Kleinheinz Capital Partners, a Fort Worth-based hedge fund.
“It is a good time in my career to take the challenge Winstead offered me to build an investment center practice,” said Rosell, who will chair the firm’s investment management and private fund industry group.
The SMU Dedman School of Law graduate primarily represents hedge fund/private fund and traditional wealth management clients in Fort Worth, Dallas and Houston.
“Andrew is a seasoned, experienced investment funds guy who is skilled in all legal aspects of investment management and private funds, including fund formation, fund regulatory compliance, and fund acquisition and disposition work,” said Mark Johnson, chair of the firm’s corporate, securities/mergers and acquisitions practice group. “Andrew has a great stable of industry clients and the drive, ambition and energy to take his practice and our firm to the next level.”
Rosell says at a time where the SEC and CFTC have record-setting budgets, there is a real trend towards robust compliance programs.
“The SEC is very sophisticated and they are staffed up with smart people,” said Rosell, who serves on the executive committee of the DFW Compliance Roundtable. “The industry recognizes they need good compliance programs as a result.”
Another development Rosell is observing is that a private market with trillions of dollars is leading to increased competition between private capital and public capital.
“There will always be IPOs, but there is an incredibly robust private capital market for companies to access as sellers or otherwise,” he said. “Look at how the energy build out has been funded.”
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