Representative Experience

Represented Asia Alternatives in connection with $1.8 billion in capital commitments to form Asia Alternatives Capital Partners IV, LP and its related fund vehicles.


Represented California Public Employees’ Retirement System (CalPERS) in a series of secondary transactions involving the sale of over 100 private equity partnerships with over $4 billion in net asset value.


Represented multibillion-dollar investment adviser in connection with privately negotiated pre-IPO co-investment in Alibaba.

View More

  • Represented Cortec Group Fund V, L.P., through a holding company Barcodes Group Acquisition, Inc., in its acquisition of all the capital stock of Barcodes Group, Inc.
  •  Formed four commingled funds, a registered investment adviser, separate accounts, and co-investment vehicles and several other entities for Asia Alternatives since 2005.
  • Representing a fund manager in connection with formation and maintenance of a venture capital fund focused opportunistically on gastronomic ventures.
  • Advising a fund manager in connection with formation and maintenance of a venture capital fund focused on millennial strategies.
  • Assisted a fund manager in connection with formation and maintenance of a technology and consumer products-focused venture capital fund.
  • Represented CHL Medical Partners regarding formation of four venture capital funds, including one Sharia-compliant fund. CHL’s funds invest in biotechnology, molecular healthcare services, and life sciences tools and services companies.
  • Represented a fund sponsor in connection with formation of Share Capital Partners Fund II, L.P., a fund formed to make equity investments in companies in China.
  • Represented New Era Ventures in connection with formation of a fund formed to invest in companies transformative to large markets.
  • Advised Zap Ventures in connection with formation of a fund specializing in early stage investments.
  • Acted for Co=Creation=Capital in connection with formation of a fund formed to invest in “cool technologies”.
  • Represented Crescent Real Estate Equities Company and certain Crescent affiliates in connection with the formation of Redtail Capital Partners, L.P., a $100 million mezzanine fund.
  • Served as special counsel, providing securities and international tax advice in connection with the formation of several timber funds.
  • Represented fund manager in connection with formation of venture capital funds that invest opportunistically in technology and other sectors.
  • Acted for FBR CoMotion in connection with the formation of a fund focused on investments in the Pacific North West.
  • Assisted aviation-focused private equity firm Liberty Hall Capital Partners LP in completing its $220 million acquisition of aircraft parts maker AIM Aerospace.
  • Represented a prominent real estate company regarding formation of its fourth institutional real estate fund and advised on fund maintenance, including in connection with its financing transactions.
  • Represented Schroders in connection with the formation of NCP Fund I (Delaware), L.P.; NCP Fund I (F&F), L.P.; and NCP Fund I (Bermuda), L.P. 
  • Acting for a professional investment group in connection with formation of investment fund to co-invest in companies that are in the pre-IPO stage.
  • Counseled an international hotel group in connection formation of funds to invest globally in real estate and hospitality properties.
  • Advised SVG Capital plc, a non-U.S. fund of institutional private equity funds that is listed on the London Stock Exchange, in formation and maintenance of and investments in private equity funds.
  • Represented the general partner of an investment fund in connection with forming a $200 million fund focused on U.S. oil and natural gas exploration and production.
  • Advised and assisted CalPERS in its $2.7 billion sale of limited partnership interests in 43 real estate investment partnerships.
  • Represented CalPERS in connection with more than $1 billion in timber and infrastructure funds.
  • Handled restructuring of CalPERS’ single-family housing investments involving several dozen transactions asset-valued at more than $5 billion.
  • Represented CalPERS regarding its transfer of ownership of joint ventures with industrial assets valued in excess of $3 billion.

Practice Area Highlights

Our Private Equity practice is diverse. Pillsbury lawyers represent all major constituencies in private equity and our firm maintains a substantial commitment to women and minority-owned emerging managers of private equity, real estate and funds of funds.


Represented IC Berkeley in connection with formation of IC Berkeley Partners III, L.P. to invest in industrial properties in the United States.


Representing a fund manager in connection with formation and maintenance of a venture capital fund focused opportunistically on gastronomic ventures.