• For more than two decades, Yasho Lahiri has played an integral role in the launching of both traditional and innovative investment funds and alternative funding vehicles. He has advised sponsors launching private equity, private credit, venture capital, real estate, infrastructure, hedge, cryptocurrency and other virtual assets, and funds focused on social impact and ameliorating climate change. His work spans market sectors, including financial services, insurance, corporate sustainability, renewable energy and clean technology. He works with both sponsors and investors in the United States and around the globe.

    Yasho’s fund sponsor clients range from market-leading firms managing over a trillion dollars to new and innovative market participants. He has advised on several pioneering firsts, including the first private equity funds established to own the "names" in the Lloyds of London insurance market, the first insurance dedicated fund for a leading private credit fund sponsor, and the first investment vehicle to allow U.S. retail investors to participate in returns from the price of carbon credits. He helps fund managers navigate issues and challenges throughout the life cycle of their funds, including seed capital arrangements, key member employment and partnership relationships, joint ventures and distribution arrangements, new investments, and exit strategies.

    His sponsor representation is informed by his breadth of experience advising institutional investor clients, including sovereign wealth funds, state pension funds, insurance companies, and U.S. and international financial institutions, on the range of issues that arise from their relationships with fund sponsors and managers.

    Yasho’s focus on providing creative and pragmatic advice that advances client objectives is informed by his service, prior to his return to private practice, as the first general counsel and chief compliance officer of a hedge fund manager whose assets under management tripled during his four-year tenure.

    Yasho is involved in pro bono and community service. One area he has long focused on is educational equity and access, where his range of work includes service on two long-range strategic planning initiatives for his local school board, work on an amicus brief to the Supreme Court, and service on the parents’ council of the country’s first residential college to admit students as early as the end of their ninth-grade year of high school. Another area is the integration of immigrants into American society, where his work includes service as a board member, and ultimately board chair, of an organization providing mental health, education and other services to a population of recent Bengali-speaking immigrants.

    Experience

    • Advised on the formation of a $1.1 billion term asset-backed securities loan facility (TALF) fund.

    • Advised a credit-focused asset manager on the formation of numerous open- and closed-end funds, including funds to finance renewable energy assets, invest in U.S. and non-U.S. real estate assets, invest in structured credit assets, etc.

    • Formation of a short-duration credit fund providing substantial investor liquidity.

    • Advised on the formation of a credit opportunity fund to finance U.S. real estate assets.

    • Advised on the formation of a $500 million TALF fund that was more than two times oversubscribed.

    • Formation of a fund for a middle-market credit manager to provide flexible credit to “bricks and mortar” U.S. businesses.

    • Advised a credit manager in its acquisition of the investment management agreement for a public business development company (BDC).

    • Formation of a TALF fund for the asset management arm of a leading bank.

    • Advised on the formation of numerous hedge funds in strategies including global macro, quantitative, long-short equity, statistical arbitrage, event-driven, special situations, fixed-income, emerging markets and funds of funds.

    • Advised an investment management subsidiary of a Lloyds’ of London members’ agent in the formation of the first private equity funds established to own “names” in the Lloyd’s market.

    • Advised a leading U.S. asset management firm in the establishment of its private credit insurance dedicated fund (IDF), the first of its kind.

    • Advised on the formation of the first IDF for a leading private credit fund sponsor.

    • Advised a credit manager on the issuance of rated notes tied to the returns of its private credit fund to non-U.S. reinsurance companies.

    • Advised the sponsor of a fund assisting businesses with substantial minority workforces in their transition to employee ownership.

    • Advised the sponsor of a fund focusing on financing Black-owned businesses.

    • Advised the sponsor of a growth equity fund focusing on women-owned businesses.

    • Appointed by a state legislature as special counsel to its state and local government pension plans; designed and implemented a hedge “fund of one” platform; advised on numerous “fund of one” and commingled fund investments; advised on participation in the PPIP established during the Financial Crisis; advised on several opportunistic fund recapitalizations.

    • Advised a leading U.S. asset management firm on numerous joint ventures and seeding arrangements with U.S. and non-U.S. fund sponsors, as well as on the acquisition of private fund and other portfolios.

    • Advised a non-U.S. financial institution on the establishment of a $2 billion captive U.S. manager, on the creation and subsequent dissolution of its joint venture with a U.S. collateralized loan obligation (CLO) and hedge fund sponsor, on the acquisition of a new U.S. investment team, and on numerous investments and joint ventures with private fund sponsors.

    • Advised a state pension plan on the establishment of its “fund of one” platforms for hedge funds and venture capital and on numerous commingled fund investments, and coordinated the provision of advice on non-U.S. tax and regulatory issues.

    • Advised a sovereign wealth fund on numerous issues, including the creation of a “form” investment management agreement for investments in unusual asset classes, coordination of cross-border advice on issues resulting from the bankruptcy of a leading global investment bank and negotiation of relationships with asset management firms.

    • Advised a large U.S. family office in its investment in an active exchange-traded fund (ETF) sponsor.

    • Advised on the establishment of a fund assisting businesses with substantial minority workforces in their transition to employee ownership.

    • Advised on the establishment of a middle-market private equity fund focused on “bricks and mortar” businesses.

    • Advised on the establishment of a middle-market private equity fund focused on national security-related businesses, particularly those in software.

    • Advised on the establishment of a middle-market private equity fund focused on the defense contractor sector.

    • Advised on the establishment of a private equity fund focused on data centers and related businesses.

    • Advised on the establishment of a private equity fund focused on sports and entertainment related businesses.

    • Advised a U.S. multi-strategy asset manager in connection with the establishment of a joint venture to sponsor a timber fund and in the formation of that fund.

    • Advised the sponsor of a fund investing in ground leases.

    • Advised the sponsor of a fund investing in real estate related to renewable energy projects.

    • Advised the sponsor of a fund investing in European real estate debt.

    • Advised a US real estate manager in its strategic relationship with a college endowment.

    • Advised the sponsor of a fund financing real estate development projects.

    • Advised a U.S. captive venture capital arm of a non-U.S. conglomerate on the entire range of its global activities, with particular focus on energy transition, “green” construction and other renewable energy- and climate change-related areas.

    • Advised on the creation of AirShares, the first publicly offered investment vehicles in the U.S. that allowed retail investors to participate in the returns from the EU’s “cap and trade” emissions reduction scheme, which required the creation of a new listing rule for the New York Stock Exchange (NYSE) and the grant of substantial no-action relief from the Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC).

    • Advised a global vertically integrated renewable energy firm in connection with the establishment of a U.S. investment subsidiary to sponsor a renewable energy fund.

    • Advised the former management team of a U.S. renewable energy arm of a non-U.S. energy company in the establishment of an asset management business and the formation of a “fund of one” for a leading global diversified infrastructure investor.

    • Advised a non-U.S. conglomerate in the establishment of its captive U.S. venture capital investment arm.

    • Advised a leading Asian conglomerate in the establishment of its captive U.S. venture capital investment arm.

    • Advised a leading venture capital firm in connection with the launch of its fourth fund.

    • Advised an emerging market venture capital sponsor in connection with the establishment of its first fund.

    • Advised a leading investment management firm in the formation of a cryptocurrency fund.

    • Advised U.S. virtual asset managers in the formation of cryptocurrency and other virtual asset funds.

    • Advised non-U.S. financial institutions on the formation of cryptocurrency funds.

    • Advised a U.S. venture capital sponsor in the formation of a virtual VC fund to invest in simple agreements for future tokens (SAFTs).

    Credentials

    Education

    • J.D., Fordham University School of Law, 1992
    • B.A., Emory University, 1988

    Bar Admissions

    • New York, 1993

    Languages

    • Bengali