
Private Equity: Limited Partners
For more than two decades, our fund lawyers have actively represented institutional investors and their advisors—including public and private pension funds, sovereign wealth funds, endowments, funds of funds, foundations, and large family offices—on a broad range of matters relating to their investments as limited partners in private funds and a variety of bespoke investment vehicles.
On behalf of these investor clients, we have reviewed and negotiated the terms of thousands of limited partner investments in all types of private funds. This breadth and depth of perspective means that we have seen the entire spectrum of fund structures and related terms, enabling us to combine savvy advice on regulatory, tax and other legal matters while also providing practical insights on cutting-edge market terms and trends.
Thought Leadership
On 3 July 2025, the House passed the Senate’s version of H.R. 1, the budget reconciliation bill formerly known as the “One Big Beautiful Bill Act”.
On 30 June 2025, both the US Department of Energy and the Federal Energy Regulatory Commission announced revisions to their respective National Environmental Policy Act procedures to speed up the permitting process for energy infrastructure.
On 23 April 2025, the European Commission has issued its first ever fines under the Digital Markets Act (DMA): a €500 million fine on Apple for violation of the DMA’s prohibition of anti-steering provisions for app stores, and a €200 million for Meta’s “pay or consent” model that was found to be a violation of the DMA’s requirement of seeking user consent for gatekeepers before combining user data between their different services.
In May 2025, Washington Governor Bob Ferguson signed into law several bills that will impact both individual and business taxpayers.