With respect to private investment funds, Mr. Jordan advises clients on legal issues and considerations relating to the establishment and operation of U.S. and international private investment funds. He regularly advises a broad spectrum of sponsors, from first-time fund managers to global institutional asset managers as well as an array of institutional investors, including strategic corporates, family offices, and tax-exempt organizations. He helps sponsors with their formation, global fundraising, capital deployment, compliance, and operating activities across a range of strategies, including buyout/private equity, credit/debt, real estate, infrastructure, venture and growth.
In the registered investment company area, Mr. Jordan advises clients in the development, structuring, operation and regulation of business development companies, closed-end funds, mutual funds and exchange-traded funds. He has represented funds, fund sponsors and underwriters in initial public offerings and secondary market financings. Mr. Jordan also regularly counsels registered investment funds and their boards of directors in connection with directors’ duties, corporate governance and regulatory matters.
He also has advised buyers and sellers in a number of significant transactions in the asset management industry and on a range of issues relating to the U.S. Investment Company Act, the U.S. Investment Advisers Act and the rules and regulations of FINRA. He regularly counsels domestic, international and multinational operating companies and REITs regarding their status under the U.S. Investment Company Act.
Mr. Jordan has an active pro bono practice, is a member of the steering committee of Skadden’s Black Lawyers for Diversity affinity network and a member of the Chicago office’s Summer and Diversity committees.
Recent representation highlights include:
- Neuberger Berman in relation to the business combination between Dyal Capital Partners and Owl Rock Capital in a $12.5 billion de-SPAC transaction to form Blue Owl Capital
- Rithm Capital Corp. in its acquisition of Sculptor Capital Management, Inc.
- Alphabet in connection with certain investments in Black-led venture capital firms, including Concrete Rose and Share Ventures
- CapitalG in the formation of CapitalG III LP and CapitalG IV LP, each of which are a $2 billion growth-stage venture capital investment fund sponsored by Alphabet
- Elizabeth Park Capital Management and Calvert Impact in the formation of the Mission Driven Bank Fund, a private equity impact fund that invests in MDIs and CDFIs
- Goldfinch Partners and the Baupost Group in connection with their formation of a private fund to acquire the Western Union Business Solutions for $910 million
- Irradiant Partners in the formation of Irradiant Solutions Fund II, LP, a private credit fund
- Janus Henderson in its $6 billion merger of equals
- a family office in its acquisition of a significant stake in an asset
- a leading sovereign wealth fund in connection with a $1 billion
investment in a Carlyle private equity fund
- a leading sovereign wealth fund in connection with a $500 million
investment in a private equity co-investment fund
- several large asset managers with respect to the formation and
operation of their general partners and carried interest vehicles
- Advent, Allianz, BlackRock, Brookfield, Cushing Funds, Gabelli,
Guggenheim Funds, Tortoise and XA Investments in connection
with initial public offerings and secondary offerings of closed-end
funds totaling over $2 billion
- investment banks, including UBS, Bank of America Merrill
Lynch, Morgan Stanley and Wells Fargo, as underwriters of
offerings totaling over $3 billion by closed-end funds sponsored
by firms such as Abdrn, Angel Oak, First Trust, Franklin, Invesco,
Nuveen and PIMCO
- Advent, BlackRock, Cushing and Nuveen in response to activist
shareholders, including Bulldog Investors, Karpus Management,
Saba Capital Management and Western Investment