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Day Pitney Represents Major Metro Pension System in Positive Climate Impact Companies

Publisher: Day Pitney Press Release
March 16, 2022

In December 2021, Day Pitney represented a major metro pension system in connection with a multi-million dollar investment in a multi-billion dollar private equity fund, and its co-investment vehicle, that focused on acquiring companies that will have a positive climate impact. The Day Pitney Public Pensions team, consisting of Peter Bilfield, Erik Bergman, Lydia Lee, Joty Mondal and Kim Morabito, with U.S. tax assistance from Steve Ziobrowski, Justin Hannan and Emily Byrnes, and with ERISA assistance from Liza Hecht, negotiated the terms of the main fund and co-investment vehicle side letters, securities opinions, subscription agreements and the co-investment vehicle limited partnership agreement and advised the client on all aspects of the investment, including negotiating fee arrangements, change of control provisions, most favored nation, excuse and policy provisions and liability cap provisions.

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Day Pitney Institutional Investor Team Represents a State Investment Division in $200 Million Investment in a Private Equity Fund
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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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Day Pitney Trusts and Estates Attorney Nikolaus Schuttauf was featured in The Wall Street Journal article titled, "The Estate Tax Catching Americans by Surprise."

IRS Publishes 2024 Pension Plan Limitations
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The IRS recently announced the cost-of-living adjustments applicable to certain dollar limitations for employee pension benefit plans for 2024.

Day Pitney Receives Top Rankings in U.S News & World Report's – Best Lawyers "Best Law Firms" for 2024
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Day Pitney Press Release

U.S. Tax Planning for Non-U.S. Persons, Assets and Trusts - An Introductory Outline
October 5, 2023

Warren Whitaker, Dina Kapur Sanna, Sarah Jacobson and Carl Merino co-authored a 2023 update to the white paper, entitled "U.S. Tax Planning for Non-U.S. Persons, Assets and Trusts - An Introductory Outline."

"Will $1 Billion Tax Bill Make Mass. More Competitive? Don't Count On It."
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Day Pitney Tax Partner Justin Hannan was featured in the Boston Globe's Chesto Means Business column, "Will $1 Billion Tax Bill Make Mass. More Competitive? Don't Count On It."

UPDATED: Massachusetts Legislature Passes Wide- Ranging Tax Bill Impacting Estate and Income Taxes
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Navigating the SEC’s New Private Fund Rules: Challenges Ahead for Sponsors and Advisers
September 25, 2023

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U.S. Appeals Court: Deathbed Checks Are Includible in Decedent's Estate
August 11, 2023

Day Pitney Trusts and Estates Attorneys Andrew M. Nerney and Grant W. Silvester authored the article, "U.S. Appeals Court: Deathbed Checks Are Includible in Decedent's Estate," for WealthManagement.com, which discusses a recent ruling by the U.S. Court of Appeals in the Third Circuit on deathbed gifting.

The Tax-Saving Potential of Gifts and Sales to Family Trusts
July 31, 2023

Day Pitney Private Client Department Senior Associate Claire N. Carrabba authored the article, "The Tax-Saving Potential of Gifts and Sales to Family Trusts," for WealthManagement.com.

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