Peter J. Bilfield, co-chair of the Investment Management and Private Funds group, focuses his practice on investment management and corporate and securities law, where he represents investment advisers and private investment funds in all aspects of their business. He organizes domestic and offshore private investment funds as single entity, parallel or "master-feeder" structures. Peter also works extensively with non-U.S. investment firms located throughout Europe, Asia and Australia on U.S. securities and regulatory matters. He provides ongoing regulatory, securities, commodities and general corporate advice to investment advisers and their affiliates.
With respect to investor-side representations, Peter assists institutional investors with conducting reviews and negotiating the terms of their investment agreements. He also represents seed investors in negotiating and structuring seed investments with emerging managers. Peter has been quoted in the print media on issues confronting private fund managers and has been a contributor to articles published in the Hedge Fund Law Report and other periodicals. He is on the advisory board of the Connecticut Hedge Fund Association and the Securities Advisory Council of the Connecticut Banking Department.
Peter's corporate and securities representation focuses on the "middle markets" and assisting issuers with private and public securities offerings, including mergers and acquisitions, and general corporate governance.
Represented a fund manager in the acquisition of a privately held Swiss cycle apparel manufacturer in a private equity fund led syndicate through the formation of a Luxembourg SARL, a wholly owned subsidiary of a Cayman Islands exempted limited partnership
Representing Israeli/U.S.-based sponsor with the formation of a U.S. private fund formed for the purpose of funding high interest loans to third parties in connection with the development and/or purchase of real estate properties in the United States
Representing a sponsor of several private equity funds and their corresponding liquidating trusts in connection with the wind-down of the funds and liquidation of portfolio company positions
Representing a U.S. government pension plan in connection with a $300 million investment in a real estate infrastructure fund
Advising a family office with the formation of an asset management firm, which will joint venture with a specialty finance company to provide lending services to credit unions (including buying and selling junior/senior interests in originated loans)
Acting for Irrational Capital, a hedge fund founded by Duke University behavioral economist Dan Ariely, whose work focuses on workplace economics, in connection with the negotiation of a seed investment by ValueAct Spring Master Fund, a San Francisco-based, ESG-focused investment company
Represented a Melbourne, Australia-based private equity fund manager in connection with the formation of a Cayman Islands domiciled private equity fund investing primarily in natural resource and mining companies; advised client on the negotiation of side letter agreements with a U.S.-based fund of funds investor group and other U.S. institutional investors
Represent a fund manager in connection with the formation of two structured credit funds organized as “mini-master” funds and investing principally in ABS, RMBS, CMBS and CDO securities
Represented a family office in its investment in a limited partnership series of an insurance dedicated fund and a number of transactions involving a German-based financial institution, as lender; AIG, as investor in the fund; and a West Coast-based investment manager to the series, including the negotiation of a participation agreement, restructuring an existing loan facility, transferring a portfolio of private investment fund interests and negotiating the terms of an investment sub-advisory agreement with the investment manager
Represent a “spin-off” private equity fund of funds from Australia-based financial services firm in connection with the formation of their third private equity fund organized in a master feeder structure primarily focused on investments in funds located in the Asia Pacific Region, through secondary transactions or direct investments in portfolio companies
Represent a Sydney, Australia-based investment manager in connection with the launch of a hedge fund organized as a Cayman Islands segregated portfolio company along with the periodic launch of several portfolios, and a U.S. feeder fund
Represent institutional investors including a Paris, France-based seed fund and a Connecticut-based insurance company in ongoing investments with U.S. and non-U.S. private equity and hedge fund managers, including the negotiation of side letter agreements and due diligence reviews of offering documents
Represented a medical device and therapeutics company in connection with a Series A Preferred Stock financing, which included the preparation of a private placement memorandum, subscription, escrow, registration rights and stockholders rights agreements, employment agreements, indemnification agreements and other transaction documents; also negotiated the terms of a placement agency agreement, M&A finders and right of first refusal agreement with the exclusive placement agent
Represented a medical device and therapeutics company in the formation of a wholly owned subsidiary to purchase certain assets from a developer and manufacturer of ultrasound imaging agents in an all cash transaction including certain milestone payments in the future
Represented a telecommunications company in connection with the acquisition of 100% of the stock of a national telecommunications company based in Michigan, by a new, wholly-owned acquisition subsidiary
Selected to the list of Connecticut Super Lawyers (Thomson Reuters), Securities & Corporate Finance, 2018
Selected to the list of Connecticut Super Lawyers Rising Stars (Thomson Reuters), Business/Corporate, 2013
Recipient of the Heyman Fellowship in Corporate Governance
Named Rainmaker of the Year by Originate!, September 2008
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Cultural Alliance of Fairfield County, Board of Directors
Bet Tzedek Legal Services, German Ghetto Work Reparations Pro Bono Clinic, Volunteer