Nathaniel Segal

Nathaniel Segal has nearly 20 years of experience working with asset management clients, including U.S. registered investment companies, their directors and advisers on structuring, launching and managing funds and other investment products and vehicles.

A prolific writer and speaker in the financial services and investment management industries, Nate is a go-to lawyer for sophisticated, novel and high-stakes transactional, regulatory, compliance and governance matters requiring solutions-driven guidance.

Nate’s comprehensive knowledge of the federal securities laws, including the Investment Company Act of 1940, the Investment Advisers Act of 1940 and the Securities Act of 1933, enables him to help clients in developing innovative fund structures. He advises a wide range of companies in the investment management industry on the structuring, offering and ongoing management of various investment and retirement products such as registered investment companies, mutual funds, ETFs, ETPs, annuities, and various alternative vehicles, such as registered closed-end funds and interval funds.

Boards of directors, officers and other investment management industry professionals rely on Nate’s direction related to fund governance, fiduciary duties, best practices, compliance, policies and procedures and regulatory engagement. He also helps investment advisers and funds manage risk and regulatory issues by drafting compliance policies and procedures and reviewing and negotiating contracts, among other things.

Nate’s diverse and multi-jurisdictional practice also includes asset management transactions. He advises clients on a variety of transactions at both the fund and sponsor levels, including investment adviser acquisitions, fund reorganizations, minority investments and lift-outs, in addition to various types of secondaries, including both GP- and LP-led transactions and liquidity solutions. Nate regularly collaborates with other firm colleagues to shepherd complex transactions from the initial negotiation stage through closing.

Experience

• Serves as counsel to the Independent Trustees of a unique registered investment company managed by an asset management firm dedicated to delivering comprehensive outsourced chief investment officer services and private market solutions to endowments, foundations, and other charitable organizations. Regularly advise Trustees on duties, responsibilities and other considerations relating to the engagement of prospective private fund managers as sub-advisers for a portion of the registered fund’s portfolio.
• Serves as counsel to the Independent Trustees of a large U.S. mutual fund complex of a global asset management company that offers financial products to individuals and institutions worldwide. Advise on various strategic initiatives and product developments, such as third-party service provider platform agreements and the formation and registration of a transition fund to facilitate significant in-kind redemptions.
• Helped guide Perpetual, one of Australia’s largest wealth managers, through two transformational M&A transactions, facilitating the company’s entry to the U.S. asset management industry with its acquisition of Trillium Asset Management, LLC, followed by Perpetual’s acquisition of a majority interest in Barrow Hanley Global Investors, a leader in valuation-centric investment strategies.
• Served as a team member supporting a special committee of the Independent Trustees of BlackRock Capital Investment Corporation (BCIC) on its merger with BlackRock TCP Capital Corp.