Thomas M.Devaney (Tom)

Partner

New York + 1.212.326.3484

Tom Devaney has served as a trusted advisor to private fund sponsors and institutional investors for more than two decades. His experience includes a distinguished track record of forming private funds and negotiating sophisticated seed and anchor investor arrangements, management team and portfolio "spin out" transactions, complex limited investor side letters, as well as joint venture arrangements for jointly managed fund platforms, many in excess of $1 billion. He is highly versed in U.S. securities laws, including the Securities Act of 1933, the Investment Advisers Act of 1940, and the Investment Company Act of 1940.

Tom counsels sponsors and management teams of private funds on transactional matters and U.S. securities laws and regulations related to the formation of private funds, their fundraising and subscription phases, and ongoing administration and operations, including co-investment structures and related registered investment advisor (RIA) compliance. In addition, Tom is highly knowledgeable about regulatory developments that impact registered investment advisers and has advised on the design and implementation of compliance programs for numerous private fund sponsors.

Tom represents U.S. domestic and global clients, with a focus on private equity funds, real assets funds, and credit and lending funds. He advises clients on private securities offerings, including cross-border investment and strategic financing transactions, and has counseled clients on the formation, organization, and operation of a range of domestic offshore investment vehicles, based upon tax and regulatory considerations.

Experience

  • Arsenal acquires ATP Group from Bregal UnternehmerkapitalJones Day advised Arsenal Capital Partners in the acquisition of ATP Group, a leading Swiss based manufacturer of water-based adhesive tapes, from Bregal Unternehmerkapital.
  • Creative Wealth Media forms CWM 2020 Movie Equity FundJones Day advised on the structuring, offering and formation of CWM 2020 Movie Equity Fund, a fund that invested in a slate of 10 films being released by major Hollywood studios.
  • Prophet MSR Opportunities forms new private fund for acquiring mortgage servicing rightsJones Day advised Prophet MSR Opportunities LP on its formation and marketing of a new private fund focused on acquiring mortgage servicing rights.
  • EagleTree Capital acquires LigneticsJones Day advised EagleTree Capital in connection with the acquisition and financing of Lignetics, Inc., the largest consumer-focused wood pellet manufacturer in the U.S., from Taglich Private Equity and Mill Road Capital.
  • Cube Infrastructure Fund III reaches €1.0 billion first closeJones Day represented Cube Infrastructure Managers in the first closing of Cube Infrastructure Fund III, a €1.0 billion Luxembourg fund.
  • Prophet EBO Partners forms new investment fund for acquisition of performing and non-performing residential mortgage loansJones Day advised Prophet EBO Partners in its formation of a new investment fund that will acquire a portfolio of performing and non-performing residential mortgage loans, on a rolling basis over two years.
  • Endeavor Real Estate Group forms Endeavor Opportunity Partners II LPJones Day advised Endeavor Real Estate Group Ltd. in its formation of Endeavor Opportunity Partners II LP, a $382 million real estate fund (structured with four parallel Delaware limited partnerships), dedicated to commercial, office, and residential real estate development projects throughout the U.S., with a focus on the U.S. Southwest.
  • Financial holding company provides secured term loan credit facility to mid-market hedge fundJones Day advised a financial holding company in connection with a secured term loan credit facility provided to a mid-market hedge fund that invests in asset-backed securities, mortgage servicing rights, and other mortgage and consumer-related assets.
  • Financial holding company provides secured term loan credit facility to mid-market private equity fundJones Day advised a financial holding company in connection with a secured term loan credit facility provided to a mid-market private equity fund that invests in asset-backed securities, mortgage servicing rights, and other mortgage and consumer-related assets.
  • MonticelloAM forms corporate fundJones Day advised its NY-based client MonticelloAM, LLC in connection with the formation of a feeder fund for a large Canadian investment bank that invest in “B” piece participations in commercial loans made to buyers and operators of nursing and other senior housing facilities throughout the Unites States.