Partner in Davis Polk's Private Funds/Investment Management Group. Advises clients on forming and operating private funds, including private equity funds, hedge funds, credit funds, secondary funds, real estate/infrastructure funds and funds of funds. Advises private fund managers in connection with their formation and operation and their compensation and investment arrangements. Has advised on many significant acquisitions, dispositions, spinouts and seedings of investment advisers and has deep experience in secondary transactions, including structured and GP-sponsored secondaries. Advises private fund and family office clients on regulatory and compliance matters under US securities laws. Also represents clients investing in private funds.