Michael A. Stenbring
Associate in our Investment Management practice.
Michael’s practice focuses on the representation of private fund sponsors in the establishment, marketing and operations of private investment funds, including private equity funds, hedge funds, credit funds, secondary funds, real estate funds, co-investment funds and funds of funds. He also regularly advises fund managers on fund-related aspects of M&A transactions, including deal structuring, co-investment arrangements and alternative investment structures.
Michael has experience representing fund sponsors and investors in connection with a broad range of secondary transactions, including continuation vehicle transactions, portfolio sales and tender offers.
He also regularly provides regulatory and compliance advice to his private fund clients.
Experience highlights
Fund Formation
- GrowthCurve Capital on its launch and in connection with formation and sale of interests in:
- GrowthCurve Capital Partners I, a $1.4 billion private equity fund, and related co-investment vehicles
- multiple single asset co-investment vehicles
- Lightyear Capital on the formation and sale of interests in:
- Lightyear Fund V, a $1.52 billion private equity fund and related co-investment vehicles
- multiple single asset co-investment vehicles
- Harvest Partners on the formation and sale of interests in:
- Harvest Partners IX, a $5.34 billion private equity fund
- Harvest Partners Structured Capital Fund III, a $1.28 billion structured capital fund, and certain related co-investment vehicles
- Cornell Capital on formation of and the sale of interests in:
- Cornell Capital Partners II, a $1.7 billion private equity fund and a related co-investment vehicle
- multiple single asset co-investment vehicles
- Mudrick Capital Management on the formation and sale of interests in multiple private funds and arrangements related to separately managed accounts
- A multi-strategy investment management firm on the formation and sale of interests in their inaugural credit fund
- Diameter Capital on certain “funds of one” and direct lending sourcing arrangements
- Cowen Investment Management on the formation of and sale of interests in:
- Cowen Sustainable Investments I, a $919 million ESG fund
- co-investment vehicles in connection with the investments in ecoATM, ProTerra and quip
Secondaries and other transactions
- Metalmark Capital on a single asset GP-led secondary transaction for their investment in Innovetive
- Lightyear Capital on a single asset GP-led secondary transaction for their investment in ampliFI
- A Canadian public pension fund in connection with a various GP-led secondary investments and LP portfolio sales
- A global bank’s alternative investment group in connection with multiple single-asset or concentrated GP-led secondaries and LP portfolio sales
- A leading real estate secondaries sponsor on an LP portfolio sale across multiple fund complexes
- GrowthCurve Capital:
- on its strategic relationship with New York State CRF
- a GP-stake investment by Blue Owl
- A multi-strategy investment management firm on various “seed” investments
Education
- Staff Editor, Journal of International Law and International Relations
- Senior Editor, University of Toronto Faculty of Law Review
- magna cum laude
Professional history
- Davis Polk since 2017
Qualifications and admissions
- State of New York