Overview
Advises on fundraising, corporate and transactional matters for private equity and other alternative investment funds, as well as transactional matters for internationally active corporate clients.
Jim’s experience includes structuring private equity and venture capital funds; and structuring acquisitions, disposals and joint ventures with respect to interests in a wide range of asset classes including acquiring, divesting and demerging investment management businesses and interests therein, as well as advising activists on strategy and execution of European campaigns.
Jim is recognized as a “Recommended” lawyer in The Legal 500 UK in Investment Fund Formation and Management: Private Funds. An interviewee stated, “Jim McNally is highly experienced, highly intelligent, and responsive, and manifestly values us as a client. We have a complicated business, but we have not been able to come up with a concept that he can’t readily draft for!”
Results
- Advising Fulcrum Asset Management on a strategic investment from Fidante Partners, under which Fidante acquired a minority stake in, and entered into a long-term distribution partnership with, Fulcrum.
- Bybrook Capital on the acquisition and merger of its business with that of Cairn Capital.
- Infinity Investment Partners as regards the acquisition and sale of a number of private investments and fund interests.
- Tufton Oceanic on the transition of its investment management business with a new financial partner under which the management team acquired a substantially increased stake in the business.
- An activist investor as regards its campaign against Wirecard AG.
- In connection with the spinout of Rothschild & Co’s trust business and the financing thereof, the interim restructuring of that business and on the ultimate sale by the financial investor of its interests thereof.
- The creation and establishment of a number of segregated portfolio products for private equity investments for Kingsway Capital and others.
- AKAZ Investment Partners on the establishment of its Flagship and Opportunistic hedge fund products, as well as on the establishment of its management company structures.
- Emso Asset Management in connection with the establishment of bespoke carried interest arrangements over a number of funds products.
- Samena Capital as regards the establishment of its third special situations fund, and various other matters.
- A Canadian asset management firm on its ongoing activist campaign against First Group, and subsequently advising a US activist on its separate campaign against First Group.
- A private equity firm on its activist approaches to Mears Group.
- Cantab Capital Partners on the sale of its business to GAM for upfront cash consideration of $217 million and deferred consideration based on future revenues, with Cantab retaining a 40-percent interest in future performance fees.
- Chenavari on the sale of a revenue share to Dyal Capital.
- Chorus Capital on the establishment of its credit opportunities fund, Chorus Capital Credit Fund I.
- TriSpan on the establishment of its management group and its ‘Rising Stars’ and ‘Opportunities’ private equity funds.
- Systematica and its management on its spin out from BlueCrest Capital Management and on the creation of its investment management business, and in connection with AMG’s acquisition of a minority stake from BlueCrest Capital Management.
- Pelham Capital on the sale of a minority stake to Petershill, and on a subsequent reorganisation of its business following changes in UK legislation.
- Kingsway Capital on the establishment of its asset management business and the launch of its ‘Frontier Consumer Internet’ private equity fund.
- Pacific View Asset Management on the acquisition of microcap investor Perlus Investment Management.
- Arrowgrass on its acquisitions of interests in two P2P lenders.
- Aquila Capital on the establishment of hedge and private equity products, the latter specialising in European real estate and renewable energy investments.
- State Street (and previously General Electric Asset Management) on its international investment programme, encompassing real estate and private equity investments over multiple geographies and sectors.
- Brook Bay on the launch of a dedicated hedge fund secondaries product.
- Westport Capital Partners on the establishment of its UK operations and business.
- Eton Park on the monetisation of UK portfolio company investments.
- Multiple funds advised by ARCIS Capital on a number of secondary funds transactions.
- The shareholders of New Finance Capital, a fund of hedge funds business, on the sale of its shares to Schroders for $141 million.
Recognitions
- Legal 500 UK, Recommended, 2025-2026
- Chambers UK, Shareholder Activism: Activist Representation, 2026
Community
- Alternative Investment Management Association
Credentials
Education
University of Newcastle upon Tyne, BSc
The College of Law of England and Wales, Diploma in Law
The College of Law of England and Wales, Common Professional Examination
Admissions
England and Wales