Kapil V. Pandit

Mr. Pandit’s practice sits at the intersection of fund formation, strategic capital solutions and institutional investor advisory work, and focuses on sponsor-side private fund formation, fund structuring and ongoing operations, as well as bespoke fund manager transactions, including liquidity solutions and secondaries transactions, preferred equity structures, spin-out transactions, joint ventures and institutional and sovereign investor representations. Mr. Pandit advises on investments in private funds and transactions to support his clients’ strategies and business goals. He also represents fund sponsors in the formation, structuring, launch and operation of private funds (private equity funds, real estate funds, credit funds, funds of funds, hybrid funds, evergreen funds and hedge funds) and other alternative investment matters in various jurisdictions. In his work for institutional investors such as sovereigns, Mr. Pandit provides advice on fund investments, co-investments and direct investments, including managing third-party investments.

Mr. Pandit has advised on numerous transformational secondaries transactions for institutional investors, including stapled secondaries transactions to launch investment management businesses, and GP-led continuation vehicle transactions.

Before joining Skadden, Mr. Pandit worked at another major global law firm based in Washington, D.C. He also previously worked in India with AGM India Advisors Pvt. Ltd., an affiliate of Apollo Management, where he assisted with Apollo Management’s investment in Dish TV India Ltd., and worked in operations and supply chain management for Lockheed Martin Corporation, where he participated in the Operations Leadership Development Program and was involved with projects in logistics, international offsets/industrial cooperation, lean manufacturing, six-sigma process improvement and subcontract management. 

Mr. Pandit routinely applies his background in business operations and project management to manage complex transactions, including secondaries transactions, spin-out transactions and joint-venture arrangements for investment management clients.

Mr. Pandit’s representative experience prior to joining Skadden includes advising:

• Mubadala Capital in connection with structuring and establishing the consortium of funds and accounts advised by Mubadala Capital for the acquisition of CI Financial
• Mubadala Capital in connection with the launch and final closing of its fourth vintage of its private equity fund
• Mubadala Capital in connection with structuring and establishing the consortium for the acquisition of Fortress Investment Group. Mubadala completed its acquisition of the 90.01% of the Fortress Investment Group equity that was held by SoftBank Group Corp. After the transaction, the consortium led by Mubadala Capital now owns 68% of Fortress equity
• a prominent fund manager in a $1 billion preferred equity transaction in connection with fundraising for a private equity fund
• a U.S.-based opportunistic private credit manager in connection with the structuring and launch of multiple credit funds and an evergreen credit fund focused on deploying capital across equipment finance, loan portfolios and corporate credit strategies
• a leading investment management firm targeting investments in real estate and other real assets throughout North America and Europe in connection with the structuring and launch of various private equity funds and co-investment structures
• Mubadala Capital and its portfolio company TruFood Manufacturing, a leading U.S. contract manufacturer specializing in better-for-you nutrition bars, chocolate and baked granola, in a combination with Bar Bakers LLC, a prominent contract manufacturer of branded nutrition and protein bars, baked bars and cookies and wafer bars
• the financial investment arm of a sovereign wealth fund in raising new commitments from third-party investors and in its spin-out from the sovereign wealth fund through a transformative $4 billion stapled secondary transaction whereby a portfolio of private equity assets was syndicated through a structured fund solution
• Alpine Grove Partners in connection with a GP-led recapitalization of a German light industrial real estate operating company with a €1.7 billion portfolio of industrial and land assets (transaction structured to include a competitive auction process followed by a recapitalization with a seed/lead investment by one of Canada’s largest institutional investment managers)
• Lubert-Adler Group in connection with a GP-led recapitalization and restructuring of all of its real estate funds, with a total transaction value of approximately $780 million
• a U.S.-based private investment firm focused on the North American lower middle market in connection with a GP-led recapitalization and launch of a continuation fund for a full-service insurance brokerage firm, with a total transaction value of approximately $350 million
• a seed investor in an investment in AGL Credit Management (a private credit investment firm specializing in innovative actively managed credit solutions based on bank loans that launched to build a CLO franchise), along with commitments to a CLO fund and warehousing fund, with a total transaction value of approximately $650 million. The transaction involved the launch of a new CLO management franchise as a unique partnership between well-known bank loan industry experts, private equity investing pioneers, a large U.S. state pension and a prominent sovereign wealth fund
• Mubadala Capital in a $1.2 billion GP-led restructuring and stapled-secondary transaction that included the launch of a new continuation vehicle to hold fund investments and co-investments, along with a stapled LP commitment to a separate blind-pool investment vehicle
• a family office of an ultra-HNW individual in the spin-out of its private equity team
• a global asset manager in the formation of a $1.5 billion fund of one for an employee retirement system
• an investment adviser to HNW individuals and family offices with investments into third-party managed private equity, hedge and venture capital funds
• an investment adviser in the formation of a fund of funds vehicle for a Canadian pension fund
• a prominent investment manager in the structuring and formation of investment fund vehicles for a private equity fund focused on stressed, distressed and special credit opportunities in India