Day Pitney represented Irrational Capital in a strategic partnership with ValueAct Spring Master Fund which consisted of an investment in IC Workplace Alpha Fund LP, a private investment fund managed by Irrational Capital. Founded in 2017, Irrational Capital develops investment strategies that leverage statistically significant links between corporate culture and stock performance.
The Day Pitney Investment Management and Private Funds team consisted of Peter Bilfield and Eliza Fromberg along with Steve Ziobrowski on tax matters. The team advised on the terms of a strategic relationship agreement as well as the terms of various ancillary agreements, including the limited liability company agreement of IC Workplace Alpha Fund GP LLC. The team also provided advice on regulatory matters including state and federal investment adviser registration exemptions.
The partnership was featured in a Reuters article, "Ubben's Socially Conscious ValueAct Spring Fund Bets on Workplace Wonk."
The arrival of Corporate Partner Elizabeth Yoo to the firm's New Jersey office was featured in the Bloomberg Law article "Day Pitney Grows New Jersey Office with Corporate Partner."
The news of Day Pitney Miami Trusts and Estates Partner Melissa Rodriguez joining the firm was featured in Law360 Pulse's article, "Private Client Atty From Akerman Joins Day Pitney in Miami."
In November 2023, Day Pitney represented an asset management firm based in Darien, CT, in connection with the formation of a private credit fund formed solely to make a multi-million dollar mortgage loan for the re-development and expansion of a brownstone located in New York, NY, the negotiation of an investment by affiliated private funds of a Rowayton, CT based investment manager, in the private credit fund, and the negotiation and closing of the mortgage loan.
The arrival of Day Pitney Trusts and Estates Partner Melissa Rodriguez to the firm’s Miami office was featured in Attorney at Law Magazine article, “Day Pitney Continues to Grow Private Client Department.”
The news of Melissa Rodriguez joining Day Pitney as a partner in the firm's Trusts and Estates practice was featured in Thomson Reuters' The Daily Docket Industry Moves column.
The arrival of Miami Trusts and Estates Partner Melissa Rodriguez was featured in the Daily Business Review article, "Day Pitney Lands Trusts & Estates Attorney from Akerman in Miami."
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The arrival of Miami-based Trusts and Estates Partner Melissa Rodriguez was featured in Bloomberg Law's Automation column.
In October 2023, Day Pitney represented a state pension system client in connection with a $200 million investment in a $20 billion private equity fund, and its accompanying co-investment vehicle, focused on acquiring, operating and disposing of financing, software, data and technology-enabled businesses.
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