Kennan Castel-Fodor is a member of the firm’s global Investment Funds Group and specializes in advising sponsors and investors on the formation of and investment in a broad spectrum of private investment funds, covering private equity, venture capital, hedge funds, and other asset classes.

Mr. Castel-Fodor regularly advises asset managers globally, including in the US, Europe, Middle East, and Asia, on a range of private fund matters related to formation considerations, marketing restrictions, and fund investments, as well as regulatory, operational, compliance, and corporate governance matters.

He is also actively engaged in the firm’s global commodities and derivatives practice.

He advises on:

  • Fund formation and operations
  • Investor representation
  • Establishment of bespoke investment mandates and investment managers/advisors
  • Secondary transaction, including GP-led transactions and LP portfolio sales
  • Co-investments
  • Fund governance and related matters

Mr. Castel-Fodor’s representative clients* include advising:

Sponsor Clients

  • IFM Investors on debt-pooled investment vehicles
  • LaSalle Investment Management on the formation of its private equity funds and operations
  • Quadriga Capital on its fund investments and operations
  • StepStone on the raising of its climate-focused pooled investment vehicle
  • A leading international investment manager on the establishment of a joint venture on behalf of a government-sponsored institutional investor for the acquisition of a real estate asset in the United Kingdom*
  • A leading international investment manager on the establishment of a single-investor real estate private equity fund and sidecar vehicle with a major Asian government pension fund*
  • Pleiad Investment Advisors, a Hong Kong investment manager, on the formation and successful closing of its debut closed-ended fund, a technology-focused growth private fund, and the establishment of multiple hedge funds*
  • Zentific Investment Management Limited, a Hong Kong investment manager, which manages quantitative, market neutral, equity long/short strategies that focus on Asia-Pacific markets, on the establishment of multiple hedge funds*
  • A variety of fund managers on the day-to-day administration of their funds and secondary transactions

Investors

  • Assicurazioni Generali on various fund investments and co-investments 
  • Public Investment Fund on various commitments to funds
  • A leading Middle Eastern investor on its investment in a venture builder platform and corresponding fund investment structure
  • A major Asian sovereign wealth fund on investments into various private equity funds*
  • On an LP portfolio secondary sale in private equity fund interests across nearly 95 funds and 48 managers*

Bar Qualification

  • District of Columbia

Education

  • JD, Case Western Reserve University School of Law, 2014
    magna cum laude, Order of the Coif
  • BA in Political Science, Ohio State University, 2011
    magna cum laude
  • BS in Business Administration, Ohio State University, 2011
    magna cum laude

Practices

Industries