Daily News: March 27, 2015

Winston & Strawn Launches Permanent Capital Solutions Group

Winston & Strawn launched its permanent capital solutions group. The firm has formed this group, which is unique to the legal industry, to address the evolution of fund formation activities and diversification of investment strategies that are occurring in the asset management industry, and to help asset managers take advantage of permanent capital and other specialty finance structures.

“The past few years have seen a fundamental shift in the way asset managers are thinking about their capital raising activities. The features and strategies that permanent capital vehicles make possible have become a significant focal point in the industry,” said Chris Zochowski, co-chair of Winston’s M&A and securities practice and leader of the firm’s permanent capital solutions group. “Asset managers are seeking ways to leverage the freedom and opportunity that permanent capital and other novel structures can provide. Our team is well-positioned to help them navigate the array of issues implicated by these structures, while addressing their business objectives.”

Winston’s permanent capital solutions group brings together a diverse team of attorneys focused on conceptualizing, structuring and negotiating novel structures to help asset managers achieve goals. In particular, Zochowski has significant transactional experience working across the range of existing permanent capital structures, including BDCs, REITs, PCAPs, PTPs and SPACs, as well as in developing new and flexible structures that combine traditional fund concepts with innovative corporate, economic and tax features.