John D. Reiss
PartnerJohn D. Reiss advises investment managers on all aspects of private fund formation and the establishment of managed accounts, as well as regulatory and compliance matters (particularly the US Investment Advisers Act), management company structuring and general governance issues. Additionally, he represents sophisticated investors in connection with private investments across numerous alternative asset classes. John's experience spans private credit, real estate, private equity and venture capital and hedge fund strategies. He has also worked on real estate joint ventures, private equity secondary transactions, asset management M&A and registered funds.
John has been repeatedly recognized as a rising star in the investment funds area, including by The Legal 500, Law360 and IFLR1000.
EXPERIENCE
Recent experience includes the following:
Private Credit/Private Equity
- Hayfin Capital Management in connection with the formation of multiple funds pursuing credit strategies (including the Hayfin Healthcare Opportunities Fund and its successor fund), as well as US regulatory advice
- Sound Point Capital Management in connection with the acquisition of the US direct lending business of CVC Credit Partners, representing over $1 billion of assets under management in commingled funds and managed accounts
- Blue Torch Capital in connection with the establishment of multiple fund of one managed accounts for state pension plans, totaling US$450 million of commitments
- Sound Point Capital Management in connection the formation of a CLO equity fund, credit-focused managed account for an institutional investor, the formation of an additional CLO equity fund that converted to a closed-end fund registered under the Investment Company Act , and the formation of the Sound Point Senior Floating Rate Income Fund
- Ares Management in connection with the formation of multiple open and closed-end, credit-focused private funds and managed accounts, as well as ongoing fund operations, strategic investment management transactions
- Ares Management in connection with the formation of a family of private funds formed for the purpose of facilitating investment by affiliated insurance companies alongside the Ares Secondaries funds, including across private equity, real estate, infrastructure and credit strategies
- Ares’ Secondaries business in connection with numerous primary, secondary and co-invest LP interest transactions, the formation of related aggregator vehicles, as well as GP-led restructurings and continuation vehicles
- HarbourVest in connection with multiple investments in third party private funds
- Viola Credit in connection with fund formation and a direct lending joint venture
- Nuveen Asset Management in connection with multiple CLO-related fund formation matters.
- MC Credit Partners in connection with fund formation and governance matters, regulatory advice and management company and carried interest structuring arrangements
- Generation Partners Management in connection with the formation of a private equity co-investment vehicle, as well as securities law and regulatory advice
- Shenkman Capital Management on the formation of a fund of one for sovereign wealth fund investor, targeting investments in CLO equity
- US-based subsidiary of a Mexican wealth management firm on the formation of a private credit fund targeting investments across Latin America, including structuring and negotiation of a revenue-sharing seed investment by a large Canadian asset management firm
- Global Atlantic Financial Group in connection with the establishment of numerous managed account relationships across private credit and infrastructure strategies
- Emerging US investment manager in connection with its formation and the establishment of its initial managed account with an institutional investor, focused on credit investments across Latin America
- A prominent state pension plan in connection with various private fund investments
- Large US public company in connection with its proprietary investments in various venture capital funds focused on the fintech sector
- A multifamily office with over US$3 billion of AUM in connection with their fund of funds investment vehicle and US regulatory matters.
- Multiple large sovereign wealth funds in connection with substantial investments in funds and co-investments sponsored by prominent managers across infrastructure and private equity buyout strategies*
Real Estate
- Sound Point Capital Management in connection with the establishment of a new US$1.5 billion commercial real estate debt platform seeded by a US insurance company and the subsequent transfer to the platform by such seed investor of an additional $1 billion portfolio previously managed by a third party manager
- Penwood Real Estate Investment Management in connection with the formation of Penwood Select Industrial Partners VII, totaling $425 million of aggregate commitments, a related co-investment vehicle with $99M of commitments, the $381.5 million Penwood Select Industrial Fund VI, a related US$134 million co-investment vehicle and a managed account for a state pension plan investor
- The Dinerstein Companies in connection with the formation of TDC Opportunity Fund IV, L.P., a closed-end fund focused on multifamily value-add and development projects, an open-end fund formed for investment by clients of a specific wealth management firm, as well as in connection with securities law and regulatory matters
- Blue Yonder Property Group in connection with the formation of its first real estate fund
- Generation Partners Management in connection with Generation Partners Real Estate, a multi-series investment vehicle targeting single family housing development projects
- Dome Equities in connection with the formation of multiple commingled funds pursuing a value-add strategy in the US multifamily rental sector, including Dome U.S. Multifamily Fund II, Dome U.S. Multifamily Fund III and Dome U.S. Residential Fund IV, as well related placement agent agreements and regulatory and compliance matters under the Advisers Act
- Sound Point Capital Management in connection with the formation of a commingled, closed-end private fund targeting commercial real estate mortgage investments
- A prominent state pension plan in connection with various real estate fund investments
- An emerging manager in connection with the formation of a private fund to invest in short-term rental properties in the US
- Avente Capital Management in connection with its establishment and the formation of Avente Capital Partners I and Avente Capital Partners II for investment in US real estate, in each case with German seed investors
- A large US real estate fund manager, focused on the office sector, in connection with the negotiation of a placement agent agreement for its most recent fund targeting US$1.25 billion of capital commitments*
- A prominent US manager in the structuring and formation of a private equity real estate fund with aggregate commitments of US$716 million (including co-investments) for investment primarily in US residential markets, its successor fund, as well as the structuring and formation of a US$679 million private fund focused on real estate investments in Brazil*
- Multiple large sovereign wealth funds and a prominent Asian development bank in negotiations for US$50 million-US$500 million investments and co-investments with high-profile US-based real estate managers*
Hedge Funds
- Large sovereign wealth fund in negotiations for investments with numerous prominent hedge fund managers*
- Large US-based hedge fund manager with respect to ongoing regulatory and compliance issues*
- Large US-based hedge fund manager on multiple new fund formations, as well as assistance with regulatory and investor relations issues*
*denotes matters handled prior to joining DLA Piper
- J.D., Fordham University
Magna cum laude
Order of the Coif
Member, Fordham Law Review - B.A., Fordham University
Recognitions
- IFLR1000 Rising Star in the area of Investments Funds (2024)
- Clients tell Legal 500 "The DLA team have a large private funds practice and the standard of documents they produce is always of a very high quality. It is clear that they work together well across offices and combine their know-how on funds and structures collectively. They are experts in their field. John Reiss in particular leads a strong team in the credit space." (2023)
- Recognized as a Next Generation Partner, Private Equity Funds (including Venture Capital) (2017-2021) in The Legal 500 United States
- Named one of the Top 25 Attorneys in the Northeast by Attorney Intel (2022)
- IFLR1000 Financial & Corporate Rising Star in area of Investment Funds (2016-2022)
- Clients tell Chambers Global that John Reiss is "extremely responsive, very knowledgeable and capable" (2017)
- Law360 Asset Management Rising Star (2017)
- IFLR1000 reports that John Reiss "is very thorough and is able to efficiently and effectively get to the core issues in any transaction" (2016)
Publications
- Co-author, "Real Estate Fund Sponsors Under the Advisers Act: To Register or Not? That Is the Question," Private Equity Law Report, (March 2023)
- Co-author, "Launching a Real Estate Fund: Key Strategies, Structures and Terms (Part One of Two)," Private Equity Law Report, (May 5, 2020)
- Author, "When Real Estate Investing Involves Securities: An Overview of Advisers Act Registration Obligations for Real Estate Fund Managers," The Investment Lawyer (September 2017)
Presentations and Seminars
- Insured momentum: Accelerating private credit growth, 10 July 2024
- Panelist, "A Debate: Go Deal-By-Deal Or Launch A Fund In Today’s Climate?" 17th Annual Winter Forum On Real Estate Opportunity & Private Fund Investing, (January 2020)
Media Mentions
- Interviewed for "Procedural Shortcomings and Unexpected Interpretative Issues That Complicate Sponsors’ FormADV Filings," Private Equity Law Report, (March 8, 2022)
- "John D. Reiss Is Newest Member of DLA Piper's Finance Practice" Private Equity Law Report, (June 4, 2019)