Private Equity: Fund Formation

Winston & Strawn’s Funds Practice offers extensive experience in fund formation and related matters, advising private fund sponsors, institutional investors, and clients on regulatory, tax, compliance, and special situations. The team has structured funds from $50 million to over $5 billion and counsels clients across a wide range of strategies, including buyout, growth, private credit, venture, real estate, energy, aviation, and infrastructure. They also have deep experience in GP-led restructurings, continuation vehicles, and sponsor-related complexities such as breakups, defaulting LPs, and liquidity solutions. The practice supports both domestic and international sponsors and advises institutional investors on fund investments, secondary transactions, and co-investments. Winston’s SBIC funds practice, led by Alan Roth, is widely recognized as a market leader, advising on a significant portion of the multibillion-dollar SBIC program. The group’s work spans key industries like clean energy, health care, and industrial manufacturing, and they continue to expand in response to growing federal investment in the space.