Firm News
SRZ Represented CarVal Investors L.P. in Successful AllianceBernstein Acquisition of CarVal
July 1, 2022
Schulte Roth & Zabel represented CarVal Investors in the successful completion of AllianceBernstein L.P. and AllianceBernstein Holding L.P.’s previously announced acquisition of CarVal. CarVal is a leading global private alternatives investment manager with approximately $15 billion in assets under management. The acquisition brings complementary private markets capabilities to AB’s Private Alternatives business and expands AllianceBernstein's private markets platform to nearly $50 billion in assets under management. The acquisition was previously announced March 17, 2022.
SRZ’s team was led by partners Larry Natke and David Nissenbaum and associate Matthew Saathoff.
The complete team includes partners Marc Elovitz, Nick Fagge, David Griffel, Ian Levin, Anna Maleva-Otto, Daniel Oshinsky, Joseph Reich, Leonora Shalet and Gary Stein; special counsels Adam Gartner, Jill Guzzetti, Scott Kareff and Gregory Kinzelman; associates Christopher Avellaneda, Bridgett Bauer, Craig Epstein, Hannah Hollingsworth, Farzaan Ijaz, Nikki Nikova, Michael Periatt, Jacob Shulman, David Soerensen, Vincent Vitarelli and Grace Willingham; and law clerks Vera Lee, Ryan Newbrough, Matthew Schwartz and Matthew Wager.
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Alerts
The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. The changes to the reporting requirements mandated by the amendments to the Form (“Form PF Amendments”) will require substantial preparation by many managers.[1]
Alerts
On March 1, 2024, New York Governor Kathy Hochul signed into law an amended version of the New York LLC Transparency Act (“NYLTA”),[1] requiring certain limited liability companies (“LLCs”) formed or authorized to do business in New York (each, a “NY Reporting Company”) to file a beneficial ownership information (“BOI”) report with the NY Department of State (“NY DOS”). Each NY Reporting Company will be required to disclose on its BOI report identifying information pertaining to each individual who directly or indirectly exercises substantial control or owns or controls 25 percent or more of the ownership interests of a NY Reporting Company (each, a “Beneficial Owner”) and the individuals involved in the NY Reporting Company’s formation or registration to do business in New York (each, an “Applicant”). Information reported to NY DOS will be maintained in a private database not accessible to the public. The NYLTA goes into effect on Jan. 1, 2026 and requires the NY DOS to promulgate regulations implementing the legislation.
Alerts
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