Randy Schai is a corporate lawyer whose practice focuses on every aspect of an investment fund's life cycle. He represents both investment funds and investors considering investing in these funds. He has experience with venture, buyout, real estate funds, and a variety of special purpose investment programs. A significant portion of his practice involves international funds and investors.
Randy's fund services practice involves the initial structuring and formation of these funds (including the structuring and formation of fund sponsors/general partners) through to ongoing operational matters culminating with the fund's liquidation and dissolution. Randy has extensive experience in representing prospective limited partners with proposed investments in a given fund or a related co-investment opportunity. Clients include The Bay Area Council, Bay City Capital, Canyon Bridge Partners, City of Hope, Kairos Partners, Key Principal Partners, Morgenthaler Ventures, NTUC Income Insurance Cooperative, Oklahoma Gas & Electric, Paul Capital, The Riverside Company, SpringHill Enterprise Development, and Uprising Investors. Clients also include several major Russian private banks, the private equity arm of a global sovereign investor (with respect to venture, buyout, real estate investment fund and direct investment opportunities), a major German landesbank, and a major Japanese automobile manufacturer.
Randy is a frequent public speaker and author on issues of importance in the investment fund industry. He has presented to The Capital Roundtable, the Wharton School of Business, and the State Bar of California. Randy is a current executive member of the American Bar Association's International Private Equity Committee and a past executive member of the Corporations Committee, Business Law Section, State Bar of California.
Exempt Reporting Advisers: Requirements for Investment Advisers that Qualify as Venture Capital Advisers or Private Fund Advisers
SEC Adopts New Risk Reporting Requirements for Certain Registered Investment Advisers to Private Funds (Form PF)
SEC Adopts Final Rules to Eliminate Perceived "Pay-To-Play" Practices by Investment Advisers and Private Fund Managers
Private Fund Regulation Comes into Focus: An Analysis of the Proposed Private Fund Investment Advisers Registration Act of 2009
SEC Proposes Amendments to the Investment Adviser Act Custody Rule to Provide Additional Safeguards to Client Assets
- University of Saskatchewan (J.D. with distinction 1991)