Aalok Virmani

Representative fund formations:

• Food and beverage focused sponsor in the formation of its fifth private equity fund, as well as its second captive subordinated debt fund, raising more than US$1.5 billion.
• Mid-market industrial focused sponsor in the formation of its initial and second flagship funds, raising more than US$4.25 billion.
• Non-US biomedical venture capital firm the formation of its fifth and sixth life sciences funds.
• Energy focused sponsor in the formation of its twelfth natural resources fund, fourth energy transition fund and multiple co-investment vehicles.

Representative fund restructurings and minority investments in fund sponsors:

• Technology focused venture capital sponsor in a strategic minority investment in the private equity firm.
• Non-US real estate focused sponsor in a strategic minority investment in the private equity firm.
• Non-US mid-market sponsor in multiple single-asset continuation funds.
• Mid-market focused sponsor in a multi-asset continuation fund.

Other representations:

• Limited partner representations for various types of investors, including sovereign wealth funds, funds of funds and family offices.
• Leading hedge fund sponsors in the formation of new funds and reorganizations of existing fund structures.
• Family offices in the design and implementation of long-term capital vehicles, strategic investments, employee compensation arrangements and management companies.
• While at Equity International, Aalok managed portfolio company acquisitions and dispositions, planned cross-border reorganizations, secured US and local asset step-ups, maximized utilization of foreign tax credits, losses, and other tax attributes, mitigated CFC and PFIC issues, designed and implemented treaty-based holding company structures and operated local country special purpose vehicles. Equity International's portfolio companies were located across Latin America, Asia-Pacific and Europe and operated in a variety of real estate sectors.

• Speaker, "Advising Family Office Clients on Recurring Legal, Tax, and Business Issues," Strafford Publications Webinar, August 4, 2022, November 6, 2024
• Speaker, "Tax Treatment of Leveraged Blockers Used by Foreign Investors: Recent IRS Guidance, Deal Structures, Tax Planning," Strafford, June 7, 2024
• Speaker, "GP-led restructurings for SBIC funds," Webinar, April 10, 2024
• Speaker, "Private Equity Waterfall and Carried Interest Provisions," Stafford, November 2023
• Panelist, "Private equity waterfall and carried interest provisions: Economic and tax implications for investors and sponsors," Strafford Publications Webinar, June 2019, September 2020 and October 2021
• Panelist, "Private equity carried interest clawbacks: Fund agreement mechanisms and tax considerations," Strafford Publications Webinar, March 2019
• Panelist, "A look at the upcoming new partnership audit rules – What every fund must know," Private Investment Fund Operations and Compliance Forum, July 2016
• Panelist, "Exploring the potential impact of BEPS on private equity funds – It's not just a corporate issue," The 6th Annual Private Investment Funds Tax Master Class, June 2015
• Panelist, "Working through common tax implications of foreign investments," The 5th Annual Private Investment Funds Tax Master Class, May 2014