Simon M. Saddleton

SIMON SADDLETON represents alternative asset managers in the organization and operation of hedge funds, private credit funds, private equity funds, hybrid funds, single-investor funds, managed accounts, and other alternative investment vehicles. Simon assists clients in the formation and operation of their businesses, including SEC and CFTC registration, ongoing compliance, and related regulatory matters.

Simon regularly advises clients on seed and acceleration transactions, lift-outs, manager acquisitions, GP-stakes arrangements, and similar sales, purchases, and reorganizations of alternative asset managers. Simon has deep experience working with multi-manager platform clients, including on pass-through expense arrangements and other related issues. Simon also maintains a significant investor-side practice and regularly represents institutional investors, pension plans, family offices, and other asset allocators.

Simon previously served as deputy general counsel of a Chicago-headquartered quantitative trading firm with offices in New York, London, and Austin, Texas. In that role, he advised on the firm’s investment advisory business, proprietary trading, and general operations.

Recent representative matters include:

• A global investment manager in its joint venture with a Polish AI platform.
• An institutional asset manager in the sale of its multi-manager platform hedge fund business.
• A large corporate pension plan in the reorganization of its alternative investment portfolio.
• Navigator Global Investments in its acquisition of an equity stake in Marble Capital L.P.
• The sponsor in the launch of a large internal multi-manager long/short equity fund, including negotiating a significant seed investment from an institutional investor.
• Advised a proprietary investment firm on a joint venture with an ESG-focused private equity firm.
• A seed investment fund in ongoing negotiations of multiple seed investments in start-up managers.
• A large external multi-manager platform on an ongoing basis, including with respect to pass-through expense and related issues.
• A large pension plan in connection with its existing and new private equity fund investments.
• Provided SEC and CFTC regulatory guidance to family offices.
• Provided Advisers Act advice to the official committee of unsecured creditors of a large investment adviser in Chapter 11 proceedings.
• Lighthouse Investment Partners, LLC in its acquisition of the Pamli Global Credit Strategies business from Fir Tree Capital Management.

• Member, Campaign Cabinet of the United Way of Metro Chicago
• Board of Trustees, River Forest Public Library
• Northwestern University Kellogg School of Management, Executive Leadership Program Certification, 2025