Jessica O.Thwing (Jess)

Associate

Chicago + 1.312.269.1551

Jess Thwing represents investment funds and their investors in a wide variety of transactions. She has experience advising sponsors in fund formation, governance, regulatory compliance, and dissolution in multiple jurisdictions, as well as with respect to investment management arrangements, real estate joint ventures, co-investments, and secondary transactions. She also has advised institutional investors throughout the primary investment, secondary investment, and co-investment process in buyout, venture, infrastructure, hedge, private credit, and real estate funds. In addition, Jess has experience in leveraged buyouts, divestitures, and portfolio company governance matters.

Some of the clients Jess has recently worked with include The Riverside Company, MPE Partners, Franklin Park, MARK Capital Management Limited, Rockwood Equity Partners, and Everberg Capital Partners and on the investor side, several multinational institutional investors.

Jess is involved in the Chicago area's arm of Girls on the Run, an organization that works with elementary and middle school aged girls to help them develop athletic, interpersonal, and personal goals.

While in law school, Jess competed in the Michigan Law Transactional Competition and was awarded "Best Drafting for Buyer-side Counsel." In addition, she wrote a note titled "How Elonis Failed to Clarify the Analysis of "True Threats" in Social Media Cases and the Subsequent Need for Congressional Response," which is published in Vol. 24, Issue 1 of the Michigan Technology Law Review.

Experience

  • Morgenthaler Private Equity closes Fund IV at $633 millionJones Day represented Morgenthaler Private Equity in its fundraise and formation of MPE Partners IV, L.P. and its parallel fund (collectively, "MPE").
  • NW1 Partners forms industrial outdoor storage fundJones Day advised NW1 Partners US, LLC on the formation of an industrial outdoor storage fund.
  • Hirtle Callaghan & Co sells portfolio of interests in over 30 private equity fundsJones Day represented Hirtle Callaghan & Co in connection with the sale of a portfolio of interests in over 30 private equity funds.
  • Morgenthaler Private Equity forms MPE Partners III, L.P. and its parallel fundsJones Day represented Morgenthaler Private Equity in its fundraise and formation of MPE Partners III, L.P. and its parallel funds (collectively, "MPE") with $420.1 million in capital commitments.
  • Greystar closes $600 million Greystar Credit Partners IIJones Day advised Greystar Real Estate Partners, LLC and its affiliatess in its $600 million real estate debt venture focused on acquiring various debt products, focusing on subordinated and securitized debt instruments.
  • PFA acquires stake in $1 billion U.S. multifamily portfolioJones Day represented Domain Capital Group, designated asset manager to U.S. multifamily operator Simpson Housing, in a joint venture with Danish pension fund PFA where PFA took a 49% stake in a $1.05 billion portfolio that includes apartment buildings in Austin, Charlotte, Denver, Houston, Nashville, Phoenix, Portland, and Seattle and comprises nearly 3,500 units.
  • Foundry Commercial Partners completes recapitalization of its GP investment platformJones Day represented Foundry Commercial Partners, LLC in the recapitalization of its GP investment platform.
  • Meyer Bergman forms Crossbay Logistics FundJones Day advised Meyer Bergman, Ltd. in the formation and launch of Crossbay Logistics Fund, which is a pan-European real estate platform targeting single tenant assets in gateway cities.
  • Barings sells portfolio of light industrial assets on behalf of institutional client to Starwood Capital Group for £200 millionJones Day represented Baring International Investment Limited in connection with the sale of 10 UK urban industrial estates totaling 1.6 million square feet on behalf of an institutional client to Starwood Capital Group for £200 million.
  • Riverside sells CTI Holding Company to Fortive CorporationJones Day advised The Riverside Company in connection with its sale of CTI Holding Company to Fortive Corporation.
  • Concord Health Partners forms AHA Innovation Development FundJones Day represented Concord Health Partners LLC in connection with the formation of the AHA Innovation Development Fund, LP, a fund focused on investing in early-stage healthcare companies that provide products, services, and solutions to hospitals and health systems.
  • PPC Flexible Packaging acquires Popular Ink, LLCJones Day represented Morgan Stanley Capital Partners and its portfolio company, PPC Flexible Packaging, LLC, in PPC's acquisition and related financing of Popular Ink, LLC, a leading provider of custom printed flexible packaging for the consumer products market throughout the United States.
  • Whitman/Peterson forms Core Plus FundJones Day advised Whitman/Peterson LLC in connection with the formation of its Core Plus Fund, which raised $115 million.
  • Sky Island Capital forms special purpose vehicle and subsequent acquisition of controlling investment in Material Sciences CorporationJones Day represented Sky Island Capital LLC in connection with the formation of a special purpose vehicle and the subsequent acquisition of a controlling investment in Material Sciences Corporation, a provider of advanced materials and specialty coated metals.
  • Norwest Equity Partners acquires Arteriors HomeJones Day represented Norwest Equity Partners in connection with the acquisition and related financing of 4M Capital, Ltd. d/b/a Arteriors Home, a leading designer and supplier of artisanal lighting, furnishings, and home décor accessories.
  • Henderson Park forms Henderson Park Real Estate Fund I ("HPREF I")Jones Day represented Henderson Park Capital Management in the formation of Henderson Park Real Estate Fund I ("HPREF I"), a $2.2 billion pan-European opportunistic and value added real estate investment fund, and in the Fund's related subscription-based credit facility.
  • Irving Place Capital sells Ohio Transmission Corporation to Genstar CapitalJones Day represented Irving Place Capital and its portfolio company, Ohio Transmission Corporation (“OTC”), a leading technical distributor and solutions provider, in Irving Place Capital's sale of OTC to Genstar Capital.