Firm News
SRZ Represents GoldenTree Asset Management LP in Raising Distressed Fund IV
October 31, 2022
Schulte Roth & Zabel represented GoldenTree Asset Management LP in raising $3 billion in commitments for its Distressed Fund IV. Distressed Fund IV, which reached its hard cap and is oversubscribed, invests in distressed, stressed and special situation assets. GoldenTree is a 100% employee-owned, global asset management firm that specializes in opportunities across the credit universe in sectors such as high-yield bonds, leveraged loans, private credit, distressed debt, structured products, emerging markets, private equity and credit-themed equities. GoldenTree was founded in 2000 and is one of the largest independent global credit asset managers, and currently manages over $47 billion.
SRZ's team was led by investment management partner Stephanie Breslow and special counsel Daniel Blumenthal, and also included tax partner Shlomo Twerski, employment and employee benefits partner Ian Levin, investment management associates Yehuda Ness and Hinda Korenblit, and tax associates Bryson Kern and Yeshaya Schapira.
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Alerts
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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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