Family offices are unique and complex, and so is the way they invest. We serve wealthy families and family offices in creating tax and legal structures to optimize the investment of family capital in both public and private markets across all asset classes.
Our elite multi-practice team draws on the experience of our tax, private client and transactional lawyers to provide creative and holistic solutions at each of the three levels of a family wealth structure: individuals, trusts and private foundations; family offices and investment vehicles; and underlying investments including operating companies, private investment funds, private credit and other direct deals.
Top Level: Individuals, Trusts and Private Foundations
Thoughtful investment structures begin with creating tax and estate planning structures that help you optimize the ultimate beneficial ownership and succession of wealth. We take into account state, federal and international income tax efficiency; transfer tax efficiency; and your family’s charitable goals and objectives in designing and implementing trust structures, including the use of private trust companies, generation-skipping transfer (GST)-exempt trusts, Grantor Retained Annuity Trusts (GRATs) and a variety of charitable trusts and private foundations.
Second Level: Family Office and Investment Vehicles
The second critical element of our work on your behalf involves structuring the family office and family investment entities for maximum income tax and operational efficiency, often through profits interest planning (for both family offices and key employees). We also help family offices navigate various regulatory frameworks, such as securities law and the Employee Retirement Income Security Act (ERISA). Our skilled team creatively structures family offices and closely held investment entities to craft simple outcomes around complex tax and investment objectives.
Lower Level: Underlying Investments
The third element of efficient investing is optimizing the underlying investment or asset itself and then executing the deal from start to finish. We leverage our vast experience in tax, private equity M&A, real estate, finance, executive compensation/benefits and other areas to ensure that the structure of the target investment seamlessly integrates into a holistic structure.
By taking this comprehensive, multi-level approach, we aim to achieve “tax alpha” for your family, creating incremental investment returns that would otherwise be lost when working with external advisors with a narrower lens.
Tapping decades of experience, an international footprint and a cross-practice platform, our team is ideally equipped to handle your most complex transactional needs, including family office formation, fund investments, credit transactions, FinTech investments, buying and selling professional sports teams, a variety of real estate matters, blockchain investments (both coins and direct investments) and other direct investing.
We take a 360-degree view of each investment, considering every aspect from an entity, family office, trust/beneficiary perspective. Based on our decades of experience in this space, our private client lawyers are deal- and income tax-savvy, just as our tax and transactional lawyers serving our high-net-worth clients have a deep understanding of trusts and estates. It is this multi-faceted lens that defines our market-leading family office practice and equips us to best serve your family’s interests.
Family Office Formations, Restructuring and Private Funds
Advised non-US family on creation of non-US-based family office and investment entity structure to facilitate holding of major stake in NYSE-listed public company and other US and non-US-based private equity and direct investments
Represented family office and related charitable trust on contribution of investment portfolio to public charity to maximize income tax efficiency to individual family member
Represented a Forbes 200 client in connection with the formations of a single-family office, asset class-based investment funds, a real estate joint venture and an employee incentive equity program
Represented the former CEO of a Fortune 50 company in connection with the formation of a single-family office and various private investment funds and associated income tax planning
Represented a Forbes 200 client in connection with the formation of a single-family office and private investment funds, an aircraft acquisition, trust and estate planning and multiple direct investments
Represented an investment firm in connection with a refinancing for an existing portfolio company in the manufacturing business (leading global distributor of fasteners, small connectors and other related components and parts) with a $250 million term loan facility and a $50 million ABL revolving credit facility
Represented a global private equity firm in connection with a majority investment in, and recapitalization of, one of the largest seafood companies in the US, and subsequent refinancing transactions, totaling approx. $1.2 billion in financing
Mergers and Acquisitions
Represented a Forbes 400 client and founder in connection with the sale of multi-billion-dollar technology company to a public company
Acted as lead tax partner in advising on brewing company merger and related planning for family owners. M&A Advisor named this transaction the Consumer Staples Deal of the Year for 2019
Advised family and family office with respect to structuring investments in multiple professional sports franchises and transactional work around capital raises and additional acquisitions
Represented the family office of hedge fund founder in connection with investment in a cryptocurrency start-up
Represented a private trust company and family office in establishment of a venture fund and incubator in the alternative food and health technology sector
Represented multiple Forbes 400 families in connection with tax planning with respect to ownership in major league sports franchises