Adam Kleinfeld 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 fund raise and during the operational stage, including with respect to sponsor-carried interest and management company arrangements. Adam’s sponsor clients include established and emerging private equity, venture capital, and fund-of-funds sponsors.
Additionally, Adam advises institutional investors, including endowments, governmental plans, 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. Adam is a member of the firm’s Transactions Practice Group. Prior to joining Foley, he was a judicial intern for the U.S. District Court for the Southern District of California in San Diego.
- Represented a Kansas City-based growth equity sponsor raising its fifth fund (US$780m) targeting SaaS B2B companies.
- 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 New York-based seed-stage venture capital sponsor raising fourth flagship fund (US$250m).
- Represented a New York-based seed-stage venture capital sponsor raising third flagship fund (US$175m).
- Represented a California-based private equity sponsor in a single-asset GP-led secondary sale with a transaction value of US$50m.
- Member of American Bar Association
- Member of Massachusetts Bar Association