Profile details
About Timothy J. Clark
Tim’s practice focuses on private capital, specifically fund formation and secondaries transactions, and the regulatory aspects critical to both. He represents a wide range of private equity and private capital clients and has experience with forming not only traditional buyout funds, but also funds in the credit, real estate, infrastructure and agriculture spaces. Tim has repeatedly represented private fund managers in the formation of closed-end funds that invest in a wide variety of strategies, geographies and industries.
Tim is repeatedly recognized as a leading Private Equity (or Investment Fund) lawyer by, among others, Chambers USA, Chambers Global, The Legal 500, The Best Lawyers in America and The International Who’s Who of Business Lawyers.
He is a member of the Private Investment Fund Forum.
Recent work
Select Secondaries Transactions
- The largest LATAM PE fund manager in a GP-led secondaries transaction involving a portfolio of ten assets owned by the manager’s fourth generation fund, with a total transaction value of approximately $1.4 billion
- The largest LATAM PE fund manager in a GP-led secondaries transaction in connection with a GP-led tender offer for LP interests in the manager’s third generation fund
- A US venture fund manager in connection with a strip sale and GP-led secondaries transaction involving over thirty assets across three of the manager’s funds
- A large US private equity fund manager in connection with a secondary/preferred equity transaction involving over $1 billion in fund assets
- A large US energy fund manager in connection with a secondary/preferred equity transaction involving over $1.5 billion in fund assets
- A mid-market US PE manager focused on buyout investments in the industrial and shipping sectors in the sale of a single asset to a new fund managed by the manager
- A PE team operating within a US bank on a stapled secondary sale of a large portfolio of assets (over $2 billion) in connection with the team’s spinout from the bank
- A mid-market PE firm in connection with a GP-led secondary transaction involving a portfolio of assets held through a SBIC
- A large US bank in three successive annual strip sales of a portion of its portfolio of PE assets to large institutional buyers (including US and non-US governmental pension plans) totaling over $3 billion in assets
- A major US secondaries business in connection with the acquisition of over $3 billion of fund interests (this acquisition was structured as a JV with Ardian as co-buyer and involved the formation of a new $1 billion SPV/fund and a related $1.5 billion letter of credit facility)
- A large global asset manager (with over $60 bn in AUM) as a buyer across six separate GP-led secondary transactions totaling over $2 billion in transaction value
- A consortium of secondary firms in connection with the acquisition of a platform operating business that was operated as the equivalent of a fund
- A French secondaries firm in connection with its acquisition of a single asset as part of GP-led secondary process
Select Fund Formation
- A major US bank as sponsor of a $6 billion fund focused on buyout and growth equity investment principally in the consumer and retail sectors
- A PE fund manager in connection with the formation of a $3 billion buyout and growth equity fund
- A PE fund manager focused on energy and financial service investments on the formation of a $750 million “bridge fund”, a $1.5 billion first generation fund and a $2.5 billion second generation fund
- A PE agribusiness manager in the formation of over a dozen funds, SMAs and funds of one, totaling over $2.5 billion in capital raised
- A mid-market US PE manager focused on buyout investments in the industrial and shipping sector in connection with the formation of two generation of funds totaling over $500 million in capital
- A PE credit fund manager in connection with the formation of a $575 million fund focused on distressed assets
- A PE credit fund manager in connection with the formation of two loan origination funds totaling approximately $500 million in capital raised
- A PE credit fund manager in connection with the formation of a $500 million loan origination fund
- A large cap PE fund manager in connection with the formation of a JV with another manager and the formation a $500 million fund focused on IP royalty investments
- A major Chinese institutional investor in connection with the formation of a JV with another manager and the formation of a $400 million fund focused on investments in PRC businesses and US businesses with substantial sales to, or assets in, the PRC
- A mid-market PE fund manager focused on buyout and growth equity investments in connection with the formation of two funds totaling over $750 million in capital raise
- A PE team spinning out of a US regional bank in connection with the formation of a $300 million buyout fund
- A mid-market PE fund manager focused on the health care sector in connection with the formation of a $250 million fund
- A hedge-fund oriented team that was part of a financial institution in the formation of its first PE style credit fund raising over $1 billion in capital
- A major US real estate developer in connection with the formation of a $500 million China-focused real estate fund