Kennan Castel-Fodor is a member of the firm’s global Investment Funds Group and specializes in advising sponsors and investors on the formation of and investment in a broad spectrum of private investment funds, covering private equity, venture capital, hedge funds, and other asset classes.
Kennan regularly advises asset managers globally, including in the US, Europe, Middle East, and Asia, on a range of private fund matters related to formation considerations, marketing restrictions, and fund investments, as well as regulatory, operational, compliance, and corporate governance matters.
He is also actively engaged in the firm’s global commodities and derivatives practice.
He advises on:
Fund formation and operations
Investor representation
Establishment of bespoke investment mandates and investment managers/advisors
Secondary transaction, including GP-led transactions and LP portfolio sales
Co-investments
Fund governance and related matters
Experience
Kennan’s representative clients* include advising:
Sponsor Clients
IFM Investors on debt-pooled investment vehicles
LaSalle Investment Management on the formation of its private equity funds and operations
Quadriga Capital on its fund investments and operations
StepStone on the raising of its climate-focused pooled investment vehicle
A leading international investment manager on the establishment of a joint venture on behalf of a government-sponsored institutional investor for the acquisition of a real estate asset in the United Kingdom*
A leading international investment manager on the establishment of a single-investor real estate private equity fund and sidecar vehicle with a major Asian government pension fund*
Pleiad Investment Advisors, a Hong Kong investment manager, on the formation and successful closing of its debut closed-ended fund, a technology-focused growth private fund, and the establishment of multiple hedge funds*
Zentific Investment Management Limited, a Hong Kong investment manager, which manages quantitative, market neutral, equity long/short strategies that focus on Asia-Pacific markets, on the establishment of multiple hedge funds*
A variety of fund managers on the day-to-day administration of their funds and secondary transactions
Investors
Assicurazioni Generali on various fund investments and co-investments
Public Investment Fund on various commitments to funds
A leading Middle Eastern investor on its investment in a venture builder platform and corresponding fund investment structure
A major Asian sovereign wealth fund on investments into various private equity funds*
On an LP portfolio secondary sale in private equity fund interests across nearly 95 funds and 48 managers*
Qualifications
Bar Qualification
District of Columbia
Education
JD, Case Western Reserve University School of Law, 2014 magna cum laude, Order of the Coif
BA in Political Science, The Ohio State University, 2011 magna cum laude
BS in Business Administration, The Ohio State University, 2011 magna cum laude
Firm honored by Law360 for advising startups, financial institutions, VCs, digital asset and Web3 participants, and corporations on their most innovative and complex transactions, investigations, litigation, and regulatory matters.
An Asia-led team represents the Consortium in this landmark transaction, marking the largest proposed privatization from the Hong Kong Stock Exchange since 2021.
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