Rafael Stone

Investment Management

Business & Corporate Finance

Mergers & Acquisitions

Real Estate

Rafael Stone co-chairs the firm’s Investment Management practice group and has advised more than 40 public pension funds across the United States in all aspects of public pension fund alternative investments.

Rafael's practice focuses on U.S. and international private equity, hedge funds, infrastructure, real estate, opportunistic funds and direct investments. Having practiced in the area since 1989, Rafael has successfully navigated through a significant number of workouts and overseen litigation involving disputes between our investor clients and the fund managers. He works with some of the country's most prominent institutional investors and has overseen more than 3,000 transactions in his career.

Rafael has earned numerous accolades, including being named to Savoy Magazine's list of Most Influential Black Lawyers and ranked among The National Black Lawyers' Top 100. He is consistently recognized as a leading individual in Investment Funds: Investor Representation by both Chambers Global and Chambers USA. Rafael is a frequent speaker at alternative investment conferences across the country.

Rafael has been recognized for advancing opportunity and progress in the legal field, notably from the Joint Minority Mentorship Program, which named its annual scholar class the “Stone Scholars” in his honor. He also served on the board of directors, including as the chair, of The Seattle Times, the largest daily newspaper in the Pacific Northwest region.

Lead counsel and member-in-charge of:

3M Employee Retirement Income Plan Trust

California Public Employees' Retirement System

Chicago Teachers’ Pension Fund

Educational Retirement Board of New Mexico

Employees' Retirement Fund of the City of Dallas

Employees Retirement System of Texas

Fresno County Employees' Retirement Association

Illinois Municipal Retirement Fund

Indiana Public Retirement System

Iowa Public Employees' Retirement System

Maryland State Retirement and Pension System

New Hampshire Retirement System

New Jersey Division of Investment

New York City Pension Funds and Retirement Systems

New York State Common Retirement Fund

New York State Teachers' Retirement System

Public Employee Retirement System of Idaho

Teacher Retirement System of Texas