Alert 03.14.24
Brent Morowitz has over 10 years of experience advising investment funds in formation and operational matters and limited partners in making investments in private equity, venture capital and hedge funds.
Brent has represented public pension funds, funds of funds, insurance companies, family offices and high-net-worth investors in making hundreds of commingled fund investments ranging in size from less than $1 million to more than $500 million. He has established himself as a go-to attorney for institutional investors, combining a strong emphasis on legal analysis with a practical and business-oriented approach to achieve the best results for clients. Brent has not only represented fund managers and institutional investors as outside counsel, but also worked in-house with one of the preeminent fund-of-fund managers in the United States, attending hundreds of investment committee meetings, working on dozens of fund investments (often for multiple clients) and assisting in fund-formation matters.
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Brent has developed a particular skill in advising with respect to complex economic arrangements. He brings a distinguished quantitative background, holding a masters degree in mathematics and statistics, which he uses in developing spreadsheets and analyzing waterfalls. This experience enables Brent to focus on business terms beyond simply a "market" view and gives him and his clients a leg up in negotiation, as he works to tailor terms and arrangements to particular strategies as necessary.
Brent's experience set him apart as fund counsel by providing him with keen insight into understanding what makes fund managers tick. Brent has worked not just on all aspects of the fund formation process, including with managers forming their funds, investors in making investments, handling issues related to registration and exemptions and advising on operational matters, but he has also worked with managers across a spectrum of fund sizes. In his fund-formation practice, Brent has represented managers raising single-investment vehicles with as little as $1 million in commitments and commingled funds with less than $10 million of commitments to global managers that have raised funds with commitments exceeding $10 billion. Investors benefit from his knowledge of what both investors and fund managers need and his experience in bridging the gap where it exists.
Representative Experience
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Represented CalPERS in the largest secondary sale transaction ever, which was a divestiture of $6 billion in private equity stakes from the fund’s $50 billion private equity portfolio.
Education
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J.D., New York University School of Law
M.S., Mathematics and Statistics, Georgetown University
B.S., Economics, Georgetown University
B.S., Mathematics, Georgetown University
Admissions
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New York