Richard Madris has joined Norton Rose Fulbright’s financial services team as a partner in the funds and asset management group in the New York office. Madris is known for representing large sponsors and asset managers in complex and high-profile fund formations and transactions.
Madris advises on fund formation and operations and structuring fund investments, with a focus on real asset funds, for clients in the infrastructure, real estate, private equity, private credit and renewables sectors. He is particularly known for creating JPMorgan’s infrastructure investments fund, an open-end global infrastructure fund.
He regularly represents sponsors, asset managers, wealth management platforms and institutional allocators in connection with the formation and operation of open-end and closed-end private funds, wealth management funds and distribution, platform issues, LP investments and secondaries, fund restructurings, GP-led transactions, structuring investments and joint ventures for funds and creation of permanent capital/evergreen fund structures for illiquid assets.
Madris has advised on more than US$25 billion in privately-held investments throughout his career, including multiple U.S. and non-U.S. acquisitions and financings of infrastructure assets on behalf of IIF and other asset managers.
“Richard’s arrival reflects our continued commitment to expanding our investment funds and asset management offerings in New York and across our global platform,” Jeff Cody, global and U.S. managing partner for Norton Rose Fulbright, said. “His longstanding client relationships with institutional players, coupled with more than two decades of experience in fund formation and transactions, will only fortify our market position.”
Madris has advised a wide range of funds and investors on investment strategies, fund investments, direct investments and co-investments. He also structures intricate cross-border investments with fund consortium members from multiple jurisdictions as well as club-deals and co-investment structures for private equity transactions. He also regularly counsels private funds in their formation and investment strategies and is known for developing new products and introducing several innovative structures to the funds space.
“The landscape for asset managers is evolving rapidly, and our clients need counsel who can anticipate challenges and unlock new opportunities,” Andrew Lom, U.S. head of financial services at Norton Rose Fulbright, said. “Richard’s ability to structure highly complicated, innovative transactions for leading funds and asset managers around the world will greatly enhance the support we can offer to sophisticated financial services providers.”
Madris joins Norton Rose Fulbright from Hogan Lovells following decades at Stroock in New York, where he played an integral role in the firm’s well-regarded investment funds group and led its infrastructure funds practice. He frequently structures investments and joint ventures for renewable portfolios, guides the creation of social infrastructure funds and has directed numerous acquisitions and financings of infrastructure assets for JPMorgan and other prominent asset managers.
“Norton Rose Fulbright is a world-class firm with strengths that perfectly align with my funds practice,” Madris said. “The firm’s deep bench in financial services, market-leading presence in real assets and strong relationships in New York and other key markets will allow me to better serve clients, especially as fund and investment structures continue to grow in complexity.”
Madris earned his law degree cum laude from the University of Chicago Law School, where he was a member of the Law Review and his bachelor’s degree cum laude from Cornell University. He is licensed in New York.
