Nolan Binney works with private equity and venture capital sponsors on all aspects of fund formation. A significant portion of his practice is advising clients on capital raising, marketing, preparing offering documents, and drafting organizational documents. He also counsels them on regulatory, compliance, and operational issues both during an active fundraise and during the operational stage, including with respect to sponsor-carried interest and management company arrangements, co-investment transactions and joint ventures.
Additionally, Nolan advises institutional investors, including family offices, fund-of-funds, and corporations, on their private capital investment activity. He also works with private fund sponsors, buyers, and sellers in secondary transactions, restructurings and management company sales.
Nolan is a member of the firm’s Fund Formation & Investment Management Practice Group. Prior to joining Foley, he was an associate in the Private Investment Funds Group of Proskauer Rose LLP.
Representative Experience
Fund Formation
- Represented a Connecticut-based private equity sponsor raising its fourth flagship fund ($540 million) targeting business services companies in the lower middle market.
- Represented a Kansas City-based growth equity sponsor raising its sixth flagship fund ($1.1 billion) targeting SaaS B2B companies.
- Represented a Seattle-based sponsor in forming an oversubscribed $830 million evergreen, open-ended venture capital fund and its $250 million overage fund, each targeting investments in publicly traded health care companies.
- Represented a Washington D.C. private equity sponsor raising its fifth flagship fund targeting investments in the consumer and healthcare services sectors.
- Represented a New York-based growth equity sponsor targeting sports, media, and entertainment investments ($300 million).
- Represented a Nashville-based private equity sponsor launching its first flagship fund focused on health care and specialty industrial businesses ($300 million).
- Represented a New York-based private equity sponsor launching its first flagship fund ($100 million) targeting B2B, niche manufacturing and consumer services companies.
- Represented a Boston-based venture capital sponsor raising its third search fund ($100 million).
Transactional
- Represented a venture capital firm in the secondary sale of an entire private fund portfolio.
- Represented an international institutional investor selling over 40 private fund interests on the secondary market with a transaction value of $600 million.
- Represented an Oklahoma-based venture capital sponsor with the sale of its management company.
- Represented a Connecticut-based private equity sponsor in a multi-asset GP-led secondary sale with a transaction value of $200 million.
- Represented a Missouri-based private equity sponsor in a single-asset GP-led secondary sale with a transaction value of $187 million.