Michelle E.P. Nunez



Michelle E.P. Nuñez counsels private funds, investment advisers, and institutional investors on U.S. legal and regulatory matters.

She advises clients on a variety of matters relating to private fund formation and private fund investments, including structuring and forming unregistered funds, regulatory and compliance of existing funds, fund governance, investment adviser compliance, and evaluation of potential private fund investments. She advises fund sponsors and fund investors across a broad spectrum of size, maturity, and asset class, with a specific expertise in the structuring and formation of direct lending funds sponsored by U.S. managers and marketed outside the United States. Michelle also has extensive experience in the application of U.S. laws to non-U.S. investment advisers and their clients, having spent two years in London counseling European and Middle Eastern investment managers on the application of U.S. securities laws to the distribution of fund interests to U.S. investors and investments in U.S.-listed equities.

In addition, Michelle advises impact investment-focused advisers on the legal and regulatory issues surrounding launching private funds that focus on achieving social benefit as well as financial returns, with a particular interest in funds designed to provide capital to women- and minority-owned enterprises.


  • Author, “The Bespoke Solution – Advantages and Challenges in Tailoring Single Investor Funds,” Bloomberg BNA Pension & Benefits Daily (August 28, 2015)
  • Author, “Private Equity Portfolio Company Political Activity” The Journal of Private Equity, 19(3), 51-54 (January 29, 2020)


Michelle earned her J.D. from University of Pennsylvania Law School (2007), where she served as a comments editor on the University of Pennsylvania Law Review. She received her B.S. from the Massachusetts Institute of Technology in linguistics and philosophy (2004).


  • Massachusetts