Terry represents registered investment companies, investment advisers, and broker-dealers, and heads the firm's registered funds practice. He brings particular experience and skill to providing legal counsel on the Investment Company Act of 1940 and the Investment Advisers Act of 1940.
Terry has a broad background representing mutual funds, ETFs, closed-end funds, and other traditional registered funds investing across a variety of asset classes and strategies, including: public and private U.S., developed and emerging market equities; private credit, structured credit, high-yield, directly originated and broadly syndicated loans and other income-producing strategies; and real estate and infrastructure assets.
In addition to traditional funds, Terry also spends significant time counseling clients on the design and offering of alternative investment products, such as BDCs, funds of funds, interval funds and tender offer funds, that offer access for retail and high net worth investors to a variety of traditional “private market” asset classes, such as private credit and private equity, including on a primary, secondary, direct or co-investment basis.
Terry advises clients on the full range of issues facing registered funds, their independent directors and investment advisers, including, but not limited to: regulatory and compliance matters, SEC exemptive relief applications and compliance, registration and disclosure matters, seed capital and other funding transactions, financing arrangements, restructurings, and acquisitions.
Drawing on his experience as a Rule 38a-1 Chief Compliance Officer for a global financial services company, Terry routinely counsels investment advisers and registered investment companies in the structure of their compliance programs. He also represents clients in routine examinations by the Securities and Exchange Commission (SEC).
