JIM MUNSELL counsels investment advisers and investment funds in connection with a broad range of corporate, securities, derivatives, and regulatory matters. His clients range from small, closely held start-up investment management businesses to the investment management divisions of global financial institutions.
Jim’s principal areas of practice include:
- Pooled investment product design and development
- Private investment funds, including hedge funds, private equity funds, and hybrids (domestic and offshore), using a broad range of investment styles and strategies and targeting a broad range of asset classes, including securities (equity, debt, convertibles, asset-backed securities, mortgage-backed securities, commercial mortgage-backed securities), loans, futures and derivatives, physical commodities, aircraft, tax liens, movies, life settlements, volatility, and other asset classes;
- Public and private commodity pools
- Public and private registered investment companies
- Funds of funds
- Private equity and hedge fund feeder funds and feeder fund platforms
- Special purpose or single investment funds
- Fund restructurings and workouts
- Seed capital transactions
- Secondary market transactions in interests in private investment funds
- Regulation of investment advisers, commodity pool operators, commodity trading advisors and investment companies
- Spin-outs and lift outs
- Compensation plans
- Organization and reorganization of closely held investment management businesses, including the negotiation and drafting of organizational documents addressing economic sharing arrangements, management and control, and succession issues
- Mergers and acquisitions of investment management businesses, including change-in-control transactions and acquisitions of minority interest
- Joint ventures between investment management businesses
Jim was involved in the successful development and launch of the first commodity pool to be listed on a securities exchange in the U.S. and continues to work on innovative exchange-traded funds (ETFs).
Sidley’s award-winning Investment Funds group provides top-tier service to all aspects of the private funds industry. Chambers USA awarded the group top band rankings in Hedge Funds every year since 2008. Sidley has also been named “Law Firm of the Year” in Private Funds/Hedge Funds Law in U.S. News – Best Lawyers 2022 “Best Law Firms.”
Additionally, Jim has been recognized by The International Who’s Who of Private Funds in 2013 - 2015, The Legal 500 for mutual/registered funds and private equity funds, and by Who’s Who Legal 2022 as a leading lawyer in Private Funds.
Recent Speaking Engagements
- Speaker, The Clayton Securities and Exchange Commission Series: Hot Topics and Areas of Focus, Sidley Austin LLP, November 2018
- Panelist, Basics of Mutual Funds and Other Registered Investment Companies 2018, Practising Law Institute, May 2018
- Panelist, Regulation of Digital Assets and Digital Assets Funds, CLE Luncheon, March 2018
- Moderator, Governance, Succession and Talent Management, Sidley Austin LLP Private Funds 2017: Developments and Opportunities, June 2017
- Panelist, Basics of Mutual Funds and Other Registered Investment Companies 2017, Practising Law Institute, April 2017
- Panelist, The ABCs of ETF Regulation and Enforcement, Sidley Austin LLP, June 2, 2016
- Panelist, Basics of Mutual Funds and Other Registered Investment Companies 2016, Practising Law Institute, April 2016
- Panelist, CFTC/Fund Issues, Sidley Austin LLP Seminar: Digital Currency Regulatory Issues, December 2015
- Panelist, Basics of Mutual Funds and Other Registered Investment Companies 2015, Practising Law Institute, April 2015
- Panelist, Raising Capital for Hedge Funds – Seeding Arrangements, Wells Fargo Global Fund Services Alternative Asset Manager Summit, October 2014
- Presenter, Private Funds 2014: Developments and Opportunities – Sidley Austin LLP Program, September 2014
- Panelist, Fact Versus Fiction: Demystifying Liquid Alternatives, Managed Funds Association (MFA) Investor Relations and Business Development Forum, June 2014
- Panelist, Basics of Mutual Funds and Other Registered Investment Companies 2014, Practising Law Institute, April 2014
- Panelist, “The Volcker Rule: Next Steps,” Sidley Austin LLP, January 2014
- Panelist, Seeding Arrangements/Investment Manager Acquisitions, Private Funds 2013: Developments and Opportunities – Sidley Austin LLP Program, September 2013
- Panelist, Basics of Mutual Funds and Other Registered Investment Companies 2013, Practising Law Institute, April 2013
- Panelist, Fundamentals of Mutual Funds and Exchange-Traded Funds, Practising Law Institute, June 2012
- Panelist, Fundamentals of Mutual Funds and Exchange-Traded Funds, Practising Law Institute, June 2011