Michael J. Milazzo advises clients on the tax aspects of forming, structuring, and investing in private funds across the US and Europe.

Mr. Milazzo leverages significant experience to guide investment funds and their sponsors on tax matters involving:

  • Credit and debt funds
  • Private equity funds
  • Infrastructure funds
  • Continuation Funds
  • Real estate funds
  • Ventures/growth equity funds 

In addition, Michael also regularly represents sponsors and buyers in a wide range of liquidity solutions transaction including general partner-led secondaries, limited partner-led secondaries, stakes investments and preferred equity financings. He also represents clients on a wide range of other federal income tax matters relating to mergers, acquisitions, and credit investments and restructurings.

Mr. Milazzo’s experience includes advising:

Infrastructure Funds

  • Antin Infrastructure Partners on forming Antin Infrastructure Partners IV, a €6.5 billion global infrastructure fund*

Credit and Debt Funds

  • Blue Owl on forming Owl Rock Opportunistic Fund, a US$2 billion fund*
  • GSO on forming GSO Capital Opportunities Fund III, a US$6.5 billion global mezzanine fund*
  • An investment manager on raising an emerging markets distressed credit fund*

Private Equity Funds

  • Clayton, Dubilier & Rice on:
    • Forming Clayton, Dubilier & Rice Fund X, a US$10 billion North America and Europe buyout fund*
    • Establishing joint ventures with Kedaara Capital Advisors, a newly formed India-based private equity firm, and Principle Capital, an established China-based private equity firm*
  • EQT on forming various funds and accounts, including:
    • EQT Credit Opportunities III, a €1.3 billion Europe credit opportunities fund*
    • EQT Mid-Market Credit Fund II, a €2.3 billion Europe credit fund*
    • EQT Real Estate I, a €420 million Europe real estate fund*
    • EQT Real Estate II, a €1 billion Europe real estate fund*
    • EQT Ventures, a €566 million Europe technology/venture capital fund*
    • EQT Ventures II, a €660 million Europe technology/venture capital fund*
    • EQT Public Value Fund, an  evergreen fund that makes minority investments in public companies in Northern Europe* 
  • EQT on its US$1.8 billion combination with Exeter Property Group, a leading global real estate investment manager*
  • EQT on selling its credit business to Bridgepoint* 
  • Inflexion Private Equity on forming of its £2.5 billion Inflexion Buyout Fund VI*
  • Oaktree Capital Management on forming various funds and accounts, including:
    • Oaktree Opportunities Fund XI, a US$15.9 billion fund, known as the largest distressed debt fund ever raised in the market and Oaktree’s largest fund in history*
    • Oaktree Real Estate Opportunities Fund VIII, a US$4.7 billion global real estate fund*
    • Oaktree Special Situations Fund II, a US$2 billion fund focused on control-oriented debt and equity investments in middle-market companies* 
    • Oaktree Power Fund V, a US$1.45 billion US energy and infrastructure fund*
  • An investment manager on selling a portfolio company*

Growth Funds

  • Lakeshore Capital on forming Lakeshore Capital II LP, a US$150 million fund focused on mid-market investments in Thailand and the Greater Mekong Subregion*
  • PAG on forming PAG Growth II LP, a US$525 million growth-focused private equity fund*
  • TPG on forming TPG Rise Climate, a US$7.3 billion global climate-focused fund*

*Matter handled prior to joining Latham

Bar Qualification

  • New York


  • JD, Cornell Law School, 2014
  • BA, Kean University, 2011