Nolan Binney works with private investment 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.
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. 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 an international law firm.
- Represented a Seattle-based sponsor in forming an oversubscribed US$830m evergreen, open-ended venture capital fund and its US$250m overage fund, each targeting investments in publicly traded health care companies.
- Represented a Kansas City-based growth equity sponsor raising its fifth fund (US$780m) targeting SaaS B2B companies.
- Represented a New York-based growth equity sponsor targeting sports, media, and entertainment investments (US$300m).
- Represented a Nashville-based private equity sponsor launching its first flagship funds focused on health care and specialty industrial businesses (US$300m).
- Represented a Boston-based venture capital sponsor raising its third search fund (US$100m).
- Represented an international institutional investor selling over 40 private fund interests on the secondary market with a transaction value of US$600m.
- Represented a New York-based private equity sponsor in a single-asset GP-led secondary sale with a transaction value of US$126m.
- Represented a California-based private equity sponsor in a single-asset GP-led secondary sale with a transaction value of US$50m.
- Represented a Connecticut-based private equity sponsor in a multi-asset GP-led secondary sale with a transaction value of US$200m.