A bald man in a suit, white shirt, and striped tie smiles at the camera in a brightly lit corporate law office, reflecting the professionalism of lawyers in Chicago.

Raj Tanden

Partner

Raj Tanden represents clients in tax matters across a broad spectrum of domestic and cross-border transactions, with extensive experience in “inbound” private credit funds. He also has over 30 years of experience in M&A transactions. Raj is a senior tax partner and chair of the firm’s Investment Management Tax Practice, as well as chair of the New England and Southern California Tax Practices. In addition, Raj manages the tax aspects of the firm’s securitization practice.

Raj is a fellow of the American College of Tax Counsel, comprised of the leading 700 tax lawyers nationwide, and of the American Bar Foundation, which consists of the top one percent of lawyers in each state.

Representative Clients

  • Comvest Partners: a Florida middle market credit fund sponsor
  • First Eagle Investments: a diversified fund sponsor with over US$144 billion in assets under management
  • iCapital Network: an alternative investment marketplace with over US$150 billion in platform assets
  • Monroe Capital: a Chicago credit asset management firm
  • PennantPark: a Miami middle market credit fund sponsor

Awards and Recognition

  • Selected by his peers for inclusion in The Best Lawyers in America© in the field of Tax Law (2009, 2017-2024)
  • Listed in Southern California Super Lawyers®

Affiliations

  • Member, Executive Committee of the USC Tax Institute
  • Past chair, American Bar Association (ABA) Tax Section Investment Management Committee

Community Involvement

Raj is an avid cyclist. He completed the 2019 and 2024 AIDS/LifeCycle Ride and will ride again in 2025 for the final event. AIDS/LifeCycle is a 545-mile/7-day bike ride from San Francisco to Los Angeles to raise funds for the life-saving services offered by the San Francisco AIDS Foundation and the Los Angeles LGBT Center. Raj also completed the 2018 Pan-Mass Challenge, a 200-mile/2-day ride through central Massachusetts to the Provincetown (Cape Cod) to raise funds for the Dana Farber Cancer Institute. Raj has climbed the Haleakala volcano on Maui on numerous occasions: an over 10,000 ft. climb!

Presentations and Publications

Raj has authored numerous articles and speaks for the ABA, American Law Institute, NYU Federal Tax Institute, Practising Law Institute, and USC Tax Institute.

October 23, 2025 Deals and Wins

Foley Advises Delta Air Lines on Investment in WestJet

Foley & Lardner LLP served as legal advisor to Delta Air Lines Inc. (NYSE: DAL) in its acquisition of a minority equity interest in Canadian airline WestJet Airlines Ltd. from Onex Partners and affiliated funds.
September 30, 2025 Deals and Wins

Foley Represents Prellis Biologics in Strategic Collaboration with Eli Lilly to Advance Human Antibody Therapeutics

Foley & Lardner LLP served as legal counsel to Prellis Biologics, Inc., a biotechnology company innovating human antibody discovery through organoid and artificial intelligence enabled technology, in its multi-target drug discovery and development collaboration with Eli Lilly and Company.
September 17, 2025 Deals and Wins

Foley Advises CloserStill Media in Acquisition of Billington Cybersecurity

Foley & Lardner LLP served as legal advisor to CloserStill Media, the producer of market-leading business events, exhibitions and conferences, in its acquisition of leading U.S. public sector cybersecurity conference and event organizer Billington Cybersecurity.
July 24, 2025 Deals and Wins

Foley Represents HeroDevs in $125M Strategic Growth Investment from PSG

Foley & Lardner LLP represented HeroDevs, a provider of security and compliance solutions for deprecated open-source software, in securing a $125 million strategic growth investment from PSG, a growth equity firm focused on software and technology-enabled services companies. Existing investor Album also participated in the round.
July 10, 2025 Foley Viewpoints

Trump Administration Passes the One Big Beautiful Bill Act

On July 4, 2025, President Trump signed H.R. 1—referred to as the One Big Beautiful Bill Act (OBBBA). The OBBBA extends and makes...
July 9, 2025 Foley Viewpoints

One Big Beautiful Bill Updates to Qualified Small Business Stock Rules under Section 1202

As part of the newly enacted One Big Beautiful Bill Act (the OBBBA),[1] Congress adopted the first substantive amendments to Section...