Overview
Josh Sternoff is a Co-Chair of the Investment Funds & Private Capital practice at Paul Hastings and is based in the firm’s New York office. His practice includes representation of private fund sponsors and investors in all aspects of the structuring, documentation, offering, negotiation, and operation of private investment funds, including real estate, credit, and private equity funds making investments, conducting operations, and raising capital on a global basis.
Joshua also has extensive experience assisting investment managers and institutional investors with separate account arrangements, “fund-of-one” structures, investment management agreements, club arrangements, and co‑investment programs.
He also represents institutional fund sponsors in connection with joint ventures and mergers and acquisitions involving private funds and fund management teams and other corporate transactions in the investment management industry, as well as newly formed fund sponsors in connection with all elements of the establishment of their investment funds’ platform.
Joshua’s fund sponsor clients include large financial institutions as well as entrepreneurial participants in the private funds industry, and he regularly counsels such clients on carried interest and co-investment arrangements in connection with the establishment of private investment funds.
Recognitions
- Chambers USA, Private Equity: Fund Formation (17 years ranked)
- Chambers Global, Private Equity: Fund Formation (14 years ranked)
- The Legal 500 US, Investment Fund Formation and Management: Private Equity Funds (including Venture Capital)
- The Legal 500 US, Investment Fund Formation and Management: Alternative/Hedge Funds
Education
- Harvard Law School, J.D. (cum laude), 1995
- Columbia University, B.A. (summa cum laude), 1992
news
- Paul Hastings Advised Nuveen in Connection with CalPERS’s Investment in Nuveen Real Estate U.S. Affordable Housing Fund - June 12th, 2024
- Paul Hastings Advised Artemis Real Estate Partners in the Formation of Artemis Real Estate Partners Fund IV - June 20th, 2023
- Paul Hastings Advises Oak Hill Advisors in One of Largest-Ever Private U.S. Conservation-Focused Forest Investments - November 2nd, 2022
- Paul Hastings Advised Atlas Capital Group in Formation of Atlas Capital Investors VI - November 1st, 2022
- Artemis Real Estate Partners Closes $1 Billion Healthcare Real Estate Fund - July 1st, 2022
- Paul Hastings Recognized by Chambers Global 2022 - February 21st, 2022
- AEW Capital Management Raises Over $1.5 Billion for its Fourth Asia Pacific Value-Add Fund - September 13th, 2021
- Paul Hastings Ranked as Top Three Firm for New Rankings and Recognized for Numerous Practice Strength and Growth in Chambers USA 2021 - May 21st, 2021
- Paul Hastings Practices and Lawyers Score Top Rankings in Chambers USA 2020 - May 1st, 2020
- Paul Hastings Practices and Lawyers Score Top Rankings in Chambers USA 2019 - May 1st, 2019
- Artemis Real Estate Partners Closes $1 Billion Real Estate Fund - April 3rd, 2019
- AEW Capital Management Raises $1.12 Billion for New Fund Focused on Asia Real Estate - July 30th, 2018
- Paul Hastings Practices and Lawyers Score Top Rankings in Chambers USA 2018 - May 11th, 2018
- Artemis Real Estate Partners Forms New Healthcare-Focused Real Estate Fund - August 14th, 2017
- Paul Hastings Practices and Lawyers Score Top Rankings in Chambers USA 2017 - June 5th, 2017
- AEW Capital Management Closes New Fund Focused on Asia Real Estate - September 12th, 2016
- Acadia Realty Trust Closes $520 Million Real Estate Fund - September 9th, 2016
- Paul Hastings Practices and Lawyers Score Top Rankings in Chambers USA 2016 - June 8th, 2016
- Paul Hastings Practices and Lawyers Score Top Rankings in Chambers USA 2015 - May 20th, 2015
- Paul Hastings Practices and Lawyers Score Top Rankings in Chambers USA 2014 - May 27th, 2014
Recognitions
- Paul Hastings Funds Practices Recognized by Chambers USA 2022 - June 1st, 2022
- Paul Hastings Recognized by Chambers Global 2022 - February 21st, 2022
- Recognized by Chambers USA 2021 - May 21st, 2021
- Recognized by Chambers USA 2020 - May 1st, 2020
- Ranked by Chambers USA 2019 - April 26th, 2019
- Recognized by Chambers Global 2019 - February 14th, 2019
- Recognized by Chambers USA 2018 - May 15th, 2018
- Recognized by Chambers USA 2017 - June 5th, 2017
- Real Estate Finance & Investment Awards 2017 - February 14th, 2017
- Recognized by Chambers USA 2016 - June 8th, 2016
- Recognized as PERE's Global Award Winner for Transactions and Fund Formation - March 5th, 2012
insights
- Regulatory Update: Impacts the SEC’s Private Funds Rules Will Have On Sponsors Specializing in Real Estate Assets - March 5th, 2024
- SEC Proposes Broad Regulations Governing All Private Fund Advisers - March 26th, 2022
- Rapid Rulemaking: A Look at the Securities and Exchange Commission’s Recent Proposed Rules - March 25th, 2022
- SEC Proposes Broad Regulations Governing All Private Fund Advisers - March 3rd, 2022
- SEC’s New Advertising Rule to Impact PPM Track Record Presentations - August 20th, 2021
- Real Estate Fund Documentation and Operations May Be Impacted By SEC Risk Alert - November 20th, 2020
- SEC Amends Definition of “Accredited Investor” and “Qualified Institutional Buyer” - September 17th, 2020
- DOL Proposes Rule Restricting ESG Investing - July 17th, 2020
- Department of Labor Proposes New Guidance for Fiduciaries - July 10th, 2020
- Department of Labor Allows Private Equity Investment Exposure in 401(k) Plans - June 9th, 2020
- PH COVID-19 Client Alert Series: Issues for Private Fund Managers in the Age of COVID-19 - March 17th, 2020
- What Socially Conscious Investors Can Learn from Mission-Driven Entrepreneurs—and Vice Versa - September 9th, 2019
- Private Fund Report—Summary of Key Developments—Summer 2017 - August 1st, 2017
- Department of Labor’s New Fiduciary Rule Effect on Investment Funds - June 7th, 2017
- Private Fund Report—Summary of Key Developments—Winter 2016 - January 3rd, 2017
- Preparing for Co-investments - November 3rd, 2016
- Private Fund Report—Summary of Key Developments—Spring 2016 - July 14th, 2016
- Recent SEC Enforcement Action Merits a Second Look by Private Equity Firms and Fundless Sponsors at Broker-Dealer Registration - June 20th, 2016
- Department of Labor Issues Proposed Amendment to Section 408(b)(2) Regulations - March 17th, 2014
- ILPA Private Equity Principles 2.0 - March 10th, 2011
Engagement & Publications
- Panelist, “Beyond Commingled Funds: Innovative Capitalization Structures,” PERE America 2018
- Moderator, “Fundraising in a Constantly Challenging Environment,” PERE America 2017
- Author, “AMERICAS GC: Preparing for co-investments,” PERE November 2016 Issue
Involvement
- Mr. Sternoff is a member of the firm’s Community Involvement and Pro Bono Committee.