DAN APPLEBAUM focuses his practice on private fund formation and complex transactions in the private funds space.
Dan regularly advises and represents clients in connection with the organization and operation of private funds and their sponsors, along with related legal, regulatory, structuring, governance and transactional matters. Dan’s fund formation experience spans a range of strategies and liquidity structures, including hedge funds, private equity funds, hybrid funds, credit funds, single relationship funds, co-investment funds and other private investment vehicles. Dan routinely negotiates side letters and fund documentation with fund investors, as well as agreements with fund service providers and counterparties (such as administrators and placement agents).
Dan also regularly counsels clients in connection with the negotiation of investment advisory agreements in various contexts, including for separately managed accounts and sub-advisory arrangements. In addition, Dan has experience advising and representing clients in connection with M&A and other strategic transactions in the private funds space, as well as other significant sponsor-level matters, including GP stake deals, seed deals, joint ventures, reorganizations, succession planning, spin outs, separations and compensation plans.
Prior to joining Sidley, Dan was a Public Interest Law Initiative (PILI) Graduate Fellow at the Loyola Federal Tax Clinic and spent his summers during law school working in the legal departments of a leading exchange-traded fund sponsor and a large multinational steel manufacturer. Dan is a CPA (inactive) in the State of Illinois.