Day Pitney was U.S. legal counsel to GSB Capital, LLC in its multi-country launch of the GSB Equity Long Short Fund. This launch was an industry-first, as it was the first time a Japanese corporate pension fund had seeded an offshore hedge fund. This was due in large part to the relationship that Gordian Capital Japan has with Japanese investors and their comfort with Geoffrey Bennett, the Fund's Founder and Portfolio Manager, who has over 30 years' experience with Japanese markets. The Fund invests in high concentration, high conviction large and mid-cap Japanese equities, and was launched on the Singapore-based Gordian Capital's US$7 billion AUM fund platform. The Day Pitney team consisted of attorneys Peter Bilfield, Eliza Fromberg, Lydia Joo Lee, and Joty Mondal, with tax assistance from Steve Ziobrowski and Justin Hannan. Day Pitney advised the client on, among other things, re-structuring the Fund to accept U.S. investors and U.S. regulatory advice on compliance issues related to CPO registration and exemptive relief. In addition, Day Pitney assisted with the preparation of offering documents.
The deal was featured in HedgeWeek's article, "Major Japanese Pension Fund Seeds Japan Equity Long-Short Fund."
Read the full article here.
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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