Department profile
McDermott Will & Schulte

Private Equity: Fund Formation

USA Guide 2026 : USA - Nationwide

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McDermott Will & Schulte

Rankings

Chambers Review

Provided by Chambers

Private Equity: Fund Formation - USA - Nationwide

Band 3

What the Team is Known For

McDermott Will & Schulte is well regarded throughout the market for its ability to handle matters related to various funds, including real estate, secondary and buyout funds. The team has considerable experience of assisting on formations related to the healthcare space. Its practitioners are routinely called upon to handle fundraises on behalf of sponsors.

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Work Highlights

Provided by Chambers

  • McDermott Will & Schulte acted as lead fund counsel for Westport Capital Partners in Westport’s final closing of its third continuation fund, WCP NewCold III, L.P.

Strengths

Provided by Chambers

  • Beyond legal terms, McDermott Will & Schulte understand the motivations of parties on both sides of the table and understand the relationships involved in the private equity industry.

    Private Equity: Fund Formation respondentUSA

Notable Practitioners

Provided by Chambers

  • Stephanie R Breslow
    Stephanie R Breslow

    Stephanie R Breslow

    Stephanie Breslow is experienced in launching a broad range of vehicles, including credit and co-investment funds.

    • Stephanie knows everything there is to know; she is wickedly smart.

      Private Equity: Fund Formation respondentUSA
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  • Ian Schwartz
    Ian Schwartz

    Ian Schwartz

    Ian Schwartz regularly advises a broad range of private equity houses on financing, formation and the closing of funds.

    • Ian is exceptional in both technical mastery and commercial judgment. He anticipates issues before they arise and provides practical, business-focused advice.

      Private Equity: Fund Formation respondentUSA
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  • Joseph A Smith
    Joseph A Smith

    Joseph A Smith

    Joseph Smith is highly regarded for his work establishing funds investing in real estate and secondary interests. He is also adept at advising on issues that are cross-border in nature.

    • Joseph is a commercially-oriented lawyer.

      Private Equity: Fund Formation respondentUSA
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  • David Nestler
    David Nestler

    David Nestler

    David Nestler draws praise for his ability to provide counsel on matters related to a range of funds, including real estate, credit funds and funds-of-one.

    • David is very responsive, quick to understand our needs, and has a high level of commercial awareness.

      Private Equity: Fund Formation respondentUSA
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  • Phyllis Schwartz
    Phyllis Schwartz

    Phyllis Schwartz

    Phyllis Schwartz is adept at providing counsel to sponsors on the establishment of buyout, distressed credit and real estate funds.

    • Phyllis understands our needs and keeps us updated on the latest market developments.

      Private Equity: Fund Formation respondentUSA
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Ranked Individuals at McDermott Will & Schulte (5)

USA - Nationwide

McDermott Will & Schulte has rankings in the following guides

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