Foley adds hires to fund formation and investment management practice

Law firm Foley & Lardner added partner Gustavo Resendiz and senior associate Robert Linnoila to its fund formation and investment management (FFIM) practice in Boston.

Resendiz and Linnoila join from Choate, Hall & Stewart and help build out Foley’s growing FFIM practice, which has more than doubled in size in the last four years.

Resendiz represents private fund sponsors in the formation of domestic and international private investment funds, namely private equity, growth equity, venture capital and funds of funds. He counsels private fund sponsors on all aspects of the fund formation process, including structure, key terms, marketing and negotiations with investors, as well as day-to-day legal and regulatory matters.

Resendiz also represents buyers and sellers of private fund interests on a secondary basis and institutional investors in connection with their investments into various types of private investment funds, such as anchor and co-investment arrangements.

He was previously senior counsel at Foley and served as general counsel and chief compliance officer to New Generation Advisors and was GC, CCO and head of investor relations at Ironsides Partners.

Linnoila represents private fund sponsors in all aspects of the fund formation and operational processes, particularly private equity, growth equity, venture capital and funds of funds. Additionally, he represents buyers and sellers of private fund interests on the secondary market.

Andrew Kurzon and Stephen Meli, co-chairs of Foley’s FFIM practice said in a statement that the group’s core objective is to provide a full array of fund formation- and secondaries-focused legal services to middle market and institutional-grade emerging private fund sponsors, secondary market participants and institutional investors who were “poorly served by fund formation practice groups invariably geared toward a handful of the largest sponsors or lacking in key areas of service.”