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David W. Tegeler is a partner in the Corporate Department and global co-head of the Private Investment Funds Group. David concentrates on representing private investment funds in a broad range of matters, including fund formations, buy and sell side secondary transactions, direct secondary transactions, restructurings and governance issues. He also has a substantial practice representing U.S. and non-U.S. institutional investors and investment advisors in their investments in all types of private investment funds.

Over the last three years, David managed teams of lawyers who have closed over 50 fund formation projects, with more than $20 billion raised. He has extensive experience in structuring all kinds of funds, including domestic and international buyout, venture, fund of funds, mezzanine, special situation and secondary funds.

In addition to his client work, David takes an active role in the private investment funds community. He gives numerous lectures and is a member of various boards and panels for events focusing on the subject and is a frequent contributor to industry publications. David has been a speaker at private investment fund industry events, including the Private Equity International COO & CFO Forum, the Dow Jones Private Equity Analyst Conference, SuperInvestor, SuperReturn and the IBA Conference on Private Investment Funds, among others.

David has received numerous accolades for his private investment funds work. Chambers Global listed him as one of the “World's Leading Lawyers” and Chambers USA named him one of “America's Leading Business Lawyers,” each for seven years. He also has been recognized in Best Lawyers in America in each of the last 6 years and was selected as one of the world’s leading practitioners in the field by The International Who’s Who of Business Lawyers in each of the last ten years. He also has been recognized in US Legal 500 for the last three years, been recommended in the PLC Cross-Border Private Equity Handbook for private equity/venture capital representation, and has been selected for inclusion in the Massachusetts Super Lawyers directory for five years.

The following are a few examples of his projects:

  • Abbott Capital Management for over 15 years, advising on the formation of each of its fund products, on its investments in private equity, venture capital and special situation funds, and with respect to its general organization and structure
  • Aberdeen Asset Management since its inception in 1994, acting as lead counsel in the formation of over 15 private equity fund-of-funds with total capital raised in excess of $3.5 billion, as well as its investments in private investment funds

  • ABS Capital Partners in the formation of its funds, most recently a fund focused on expansion financing in business services, health care, media/communications and technology companies. ABS has raised over $2 billion since inception and has offices in Baltimore, San Francisco and Boston.
  • Arcano Capital in structuring its funds and investments, most recently Arcano Distressed Opportunities Fund III. Arcano is a private equity fund-of-funds manager with offices in New York and Madrid that invests in international private equity funds.
  • Australian asset manager QIC in private equity, infrastructure, co-investment and strategy investments in the United States and Europe

  • Australian asset manager Sunsuper in their private equity investment activity in the United States and Europe

  • Court Square Ventures in closing its funds. The firm, based in Charlottesville, VA, invests in early-stage communications, information technology and media companies, with a particular focus on points of convergence among these industries.
  • Falcon Investment Advisors, a private equity firm which invests subordinated debt and equity capital in middle market companies in North America, in structuring its funds
  • Greenspring Associates, Inc. (formerly known as Montagu Newhall Associates), a global venture investment firm, since its inception in 2000, acting as lead counsel in structuring each of its private investment funds
  • HQ Capital in its private equity fund formations and transactional work. HQ Capital has been investing in private equity since 1989 and manages over $4 billion in committed capital from offices in New York, Bad Homburg, Stockholm, Hong Kong and London.

  • Led teams that served as U.S. counsel to several European private equity and venture capital firms in closing their most recent funds

  • Lexington Partners in fund formation and structuring, and negotiating secondary and primary investments, since its inception in 1996. Lexington is a leading global private equity sponsor that Australian asset manager QIC in private equity, infrastructure, co-investment and strategy investments in the United States and Europeprovides liquidity to owners of interests in private equity limited partnerships, makes equity co-investments alongside private equity sponsors, and invests in newly formed private equity partnerships.

  • Montauk TriGuard, a multi-niche secondary fund manager, in closing its funds. Montauk TriGuard focuses on investing in "underwriting-oriented" secondaries, which are limited partnership interests that are at least 50% funded and have a quantifiable underlying investment portfolio.
  • Newbury Partners in structuring its funds and in its secondary investments. The firm specializes in acquiring buyout, venture capital and mezzanine partnership interests in the secondary market.
  • Pomona Capital in fund formation structuring its secondary investments. Founded in 1994, Pomona is an international private equity firm that manages approximately $6 billion in commitments across a series of secondaries funds, primary fund-of-funds and co-investment funds for a global group of 190 sophisticated investors.
  • Resource Capital Funds (RCF) in structuring its funds, most recently its fifth and largest natural resources fund with $2.2 billion in commitments. RCF is based in Denver, with an office in Perth, Australia, and invests in development and growth stage mining companies across a diversified range of commodities.
  • Secondary directs firm W Capital Partners in their private equity fund formation and transactional work. Founded in 2001 and located in New York, W Capital has over $1.7 billion under management and is the largest firm exclusively dedicated to the acquisition of direct private equity investments in the secondary market.
  • Shell Asset Management Co. in private equity and hedge fund investments in the United States and Europe

  • TVM Capital, a transatlantic venture capital firm based in Munich and Boston, focused on financing emerging companies in technology and the life sciences. We have assisted TVM in structuring its funds for over 10 years.