FRANK BRUNO has worked on a wide range of corporate and securities transactions, including equity and debt offerings by industrial, utility, financial institution, investment company and real estate investment trust issuers.
Frank has extensive experience in matters related to the Investment Company Act of 1940 and has worked on a variety of transactions of and offerings by open- and closed-end investment companies as both fund and underwriters’ counsel, including initial public offerings, rights offerings, preferred stock offerings, debt offerings, asset acquisitions and mergers. He has extensive knowledge concerning the registration and exemptive provisions of the Investment Company Act of 1940 and the Investment Advisers Act of 1940. Frank also acts as counsel on an ongoing basis to the independent directors of a number of investment companies.
Representative clients include BlackRock Funds, Royce Funds, Cohen & Steers Funds and Nuveen Funds.
Frank represented the Nuveen Funds in developing and offering a new variable rate preferred equity security designed to replace outstanding auction rate securities.
Frank is part of Sidley’s Investment Funds practice team that has won numerous top awards as a provider of legal services to the investment funds industry: two-time winner of Chambers and Partners’ “Investment Funds Team of the Year for the U.S.”; four-time recipient of first-tier national rankings in the U.S. News – Best Lawyers “Best Law Firms” rankings for Mutual Funds Law; and recognized as a leading firm for Registered Funds by Chambers USA every year since 2008.
Frank has been recognized by Chambers USA as having extensive experience with registrations and exemptions under the 40 Act and has “an enormous wealth of knowledge and experience in his field.” Clients describe him as “‘a rare jewel in terms of knowledge’ and attest that he is ‘one of the most competent and knowledgeable guys in the industry.’” He has also been recognized in Chambers Global, The Legal 500 US, The Best Lawyers in America and U.S. News and World Report.
Admissions & Certifications
- New York
- Harvard Law School, J.D., 1979 (cum laude)
- Columbia Business School, MBA, 1976
- Columbia University, B.A., 1974 (summa cum laude)