Stephen M. Meli is a partner and business lawyer with Foley & Lardner LLP. Steve is based in the firm’s Boston office where he is a member of the Transactions Practice and focuses on fund formation, emerging and spin-out fund sponsors and institutional investor representation.
Fund Formation Experience
Steve focuses his practice on lower and middle market buyout, venture capital, growth equity, credit and similar private funds, including funds-of-funds and secondary funds.
With an emphasis on commercial sense and practicality, Steve advises sponsors on every aspect of their funds business, including the structuring, marketing, operating and compliance of their private funds. Steve also advises on fund re-organizations and restructurings.
Emerging/Spin-out Fund Sponsor Experience
Steve has a special focus on emerging, spin-out, “first time” and fund-less sponsors establishing their initial pooled investment vehicles. This focus includes advising on separation matters, placement agent arrangements, commercial terms and conditions, internal governance/employee and management company arrangements, SEC registration and compliance, carried interest structuring and co-investment arrangements.
Institutional Investor Representation
Steve works with endowments, charities, sovereign and private pension funds, insurance companies, funds-of-funds and secondary funds on all of their alternative investment matters, including the negotiation and structuring of primary investments and separate account arrangements, secondary transactions and portfolio company co-investments. Steve’s secondary transaction experience includes advising both U.S. and non-U.S. sellers and buyers in the structuring and negotiation of both individual and bulk sales of private fund interests.
Prior to joining Foley, Steve was a partner in the Private Investment Funds Group of Proskauer Rose LLP.
More Legal and Business Bylines From Stephen M. Meli
- The Corporate Transparency Act: What Investment Advisers to Private Investment Funds Need to Know - (Posted On Thursday, January 04, 2024)
- SEC Adopts New Private Funds Rules: Key Takeaways for Private Fund Advisers and Investors - (Posted On Monday, August 28, 2023)
- SEC Announces 2023 Annual Examination Priorities: Some Takeaways for Private Fund Managers - (Posted On Thursday, March 09, 2023)
- The game is in the name of the game−and the name of the game is ESG: SEC proposes new Fund rules to further combat “Greenwashing” - (Posted On Tuesday, May 31, 2022)
- Form PF Changes Ahead – the SEC Keeps Its Focus on Private Fund Advisers - (Posted On Tuesday, February 08, 2022)
- Lest We Forget, the SEC Cares About Private Equity - (Posted On Thursday, September 23, 2021)
- Ensure Disclosure Controls and Procedures Address Cybersecurity - (Posted On Wednesday, June 16, 2021)
- SEC Examination Risk Alert Signals Focus on Digital Asset Securities - (Posted On Friday, March 05, 2021)
- Congress Passes NDAA Legislation Extending SEC’s Disgorgement Powers - (Posted On Monday, January 11, 2021)
- Division of Examinations Issues Risk Alert on Securities Investment that Finance Communist Chinese Military Companies - (Posted On Friday, January 08, 2021)