McGuireWoods hired two partners to expand its private equity team.
The firm brought on Richard Starling and William Herrfeldt to advise clients on investment fund formation matters. They will advise fund sponsors on the organization, negotiation, structuring and operation of private investment funds, as well as regulatory and internal governance issues. They will also serve institutional investors with respect to those and other alternative investments.
Starling joins from Robinson Bradshaw, where he co-chaired the fund formation and investment management group. He is based in Charlotte.
Herrfeldt will be based in the firm’s Baltimore office. Before that, he was a partner at Venable. Earlier in his career, he had been an associate with McGuireWoods in Baltimore.
Starling and Herrfeldt will also add to the firm’s fund formation capabilities and its Emerging Manager Program, which provides introductions to all types of limited partners and unique networking opportunities to new fund managers, according to the firm.
Jon Finger, partner and co-leader of the firm’s private equity investment team, tells Private Funds CFO that it is hosting its international Emerging Manager Conference on May 16-17 in Dallas. Finger says the conference will bring in more than 700 emerging managers and limited partners across different strategies.
“With our Emerging Manager Program, having Billy and Rick come in really helps provide additional resources to that program, including market term trends, and insights on LPS and placement agents,” Finger said.