Riley PLLC is a boutique law firm that provides specialized legal representation exclusively to the investment management community. We identify legal solutions for our clients so they can focus on what matters most to them: investment performance.
What we do. Riley PLLC counsels clients on a wide range of complex and routine investment management matters, including investment manager and fund formation, fund governance and operations, regulatory and compliance issues, risk management, investor communications and relations, and general corporate matters. The firm also advises professional investors on legal due diligence, regulatory and compliance issues and other investment-related legal issues. Our client base includes asset managers from all stages of development - from emerging managers seeking seed capital to estalished managers with assets under management of $50 billion or more.
Who we work with. Our clients include institutional investors such as endowments and foundations, family offices, funds of funds, pension funds, and others; established and emerging investment managers who manage hedge, private equity, real estate, debt, venture capital and specialty private investment funds; and other financial institutions and corporations. We provide legal expertise to both U.S. and offshore clients on domestic and cross-border financings and other transactions.
How we do it. Our mission is to provide top-tier legal expertise in a highly personalized and efficient manner, becoming deeply familiar with our clients’ business objectives and legal needs. To accomplish this, we only work with a select number of clients. We believe our client service is unique among law firms, large or boutique. Riley PLLC delivers the same quality legal advice as that provided by the country's top-tier practices. We think what sets us apart from those practices, though, is our highly personalized client service, delivered without layers of unnecessary law firm bureaucracy. Key components of our service offering include the following:
1. Focused Advice and Counsel. We strive to be counselors in the traditional sense. We not only seek to provide clients with the best technical answer to challenging legal issues, we also help them determine the best way forward from a business and legal perspective. Our select client base allows us to develop a comprehensive understanding of each of our clients' investment strategies and business. As a result, we are able to leverage our extensive industry knowledge to assist you in tailoring legal solutions that reflect your investment strategies and unique business needs.
2. Addressing Specific Client Needs. As a boutique law practice, we tailor the manner in which we deliver our services to reflect your short and long-term legal needs. For instance, we act as experienced general counsel for institutional investors and asset managers who do not have the in-house legal resources to handle legal, compliance and/or routine business matters. Riley PLLC also assists clients seeking to control cost by reducing their dependence on the legal services provided by traditional law firms. We support our clients’ in-house attorneys by providing them with an additional pair of experienced legal hands when needed to address issues requiring general corporate or specialized investment management legal expertise.
3. Cost Management. We don't employ a “one-size-fits-all” billing structure because we believe each legal matter is distinct. Instead, we work closely with clients to tailor a billing structure appropriate for the legal services provided. For instance, we may charge on an hourly basis or on a project basis, or some combination of both. If requested, we will provide clients with regular updates of accrued fees and expenses to avoid billing surprises. Our objective is simple: to provide clients with a measure of certainty regarding legal expenses.
David Riley represents institutional investors and private investment fund managers on a wide variety of matters. Over the years, his clients have raised, invested or managed capital well in excess of $100 billion. He works with clients throughout the United States, as well as those based in Europe, Asia and Latin America.
David’s institutional investor clients include endowments, foundations, family offices, funds of funds, pensions and financial institutions. His fund manager clients come from across the spectrum of asset classes, including closed-ended venture capital, buyout, real estate, debt and distressed asset funds, and open-ended hedge funds with strategies such as equity long-short, arbitrage, fixed income, multi-strategy, convertible arbitrage, real estate opportunity, distressed debt and other distressed assets, commodities and global and regional equity and debt.
David advises institutional investor clients on a wide variety of matters including the negotiation of investments in closed-ended and open-ended funds; side letters and co-investments; regulatory filings, including those under the Exchange Act; disclosure and confidentiality issues, including FOIA and state Sunshine Act issues; arrangements with external consultants, discretionary and non-discretionary account managers and other service providers; pay-to-play rules, insider trading, gifts policies and other compliance matters; communications with, and fiduciary duties to, participants and accountholders; and personnel hirings and departures and other operational issues.
David advises fund manager clients on all aspects of their businesses, including fund formations and other capital raisings; bank facilities, swap arrangements and other commercial financings; agreements with service providers such as placement agents, prime brokers, financial advisors and administrators; portfolio investments, including venture capital and private equity investments, public equity and PIPE transactions, going private transactions, loan participations and direct loans, and participations in restructurings and bankruptcies; regulatory matters and filings under the Securities Act, the Exchange Act, the Investment Company Act, the Investment Advisers Act, the Commodity Exchange Act, state blue sky laws, the Dodd-Frank Act, the Bank Holding Companies Act, and FOIA and state Sunshine Acts, as well as certain ERISA and broker-dealer issues; and operational matters including employee and principal hirings and departures, compliance programs and internal policies and procedures. He also advises fund managers regarding principal succession, sale of the business, strategic collaborations and joint ventures, monetizations and other extraordinary transactions.
David is a regular speaker at investment management, private equity and hedge fund forums, and writes on various subjects relating to the investment management field.
- Riley PLLC
- 2400 NW 80th St #194
- Seattle, WA 98117
- (425) 998-7497
- david at rileypllc dot com