MICHAEL J. SCHMIDTBERGER is the chair of the firm’s Executive Committee. He previously served as a global co-leader of the Investment Funds group and managing partner of Sidley’s New York office.
His principal areas of practice are securities and futures-related funds and corporate transactions, including related regulatory matters. Mike advises and represents clients in domestic and international offerings of hedge funds, fund of funds, public and private commodity pools, and structured derivative and principal-protected transactions. He has also counseled clients in numerous fund restructurings and work-out situations. Representative funds/investment products include:
- Hedge fund and manager formation
- Public and private commodity pools
- Fund of funds
- Private placements, including credit opportunity and hybrid funds
- Offshore funds and stock-exchange listed offshore funds
- Hedge and private equity fund “feeder” platforms
- Seed capital arrangements and negotiation
- Employees’ securities companies
- Credit-enhanced offerings, both in parent-guarantee and letter of credit structures
Mike’s leadership in assisting clients has earned him acknowledgment in numerous industry publications. He has been ranked by Chambers Global in Investment Funds: Hedge Funds as a Band 1 lawyer from 2013 – 2018 and as an Eminent Practitioner from 2019 – 2021. He was recognized by Chambers USA as a Band 1 lawyer in the same category from 2010 – 2017 and as an Eminent Practitioner 2018 – 2021. According to clients in the 2021 guide, Mike is “an exceptional lawyer, someone who has years of deep experience in the industry,” and “he is one of the biggest names in the business.” Chambers has also described Mike as a hedge funds lawyer who is renowned for his fund formation and securities focus. “He ‘has a unique combination of business sense and in-depth technical knowledge,’ enthused one client.”
Mike also comes “highly recommended” in alternative/hedge funds, according to the 2014 and 2017 editions of The Legal 500. He has also been highly ranked in such publications as PLC Which Lawyer?, Who’s Who Legal and in The Best Lawyers in America in Private Funds/Hedge Funds Law.
Mike co-authored an opinion article published August 12, 2021 by Bloomberg Law. The article, “Compensating College Athletes: Moving the Ball Forward,” discusses the recent U.S. Supreme Court decision NCAA v. Alston and is based on the whitepaper that was authored by 2020 summer associates Michelle Gomez-Reichman, Lia Higgins, and Greg Wang.
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.”
In March 2013, Mike received “The John Jay” award, which is presented to members of the Columbia College family for distinguished professional achievement.