Overview
Zach Milloy is a partner in the Investment Funds & Private Capital practice of Paul Hastings and is based in the firm’s London office. Zach has experience advising on a range of U.K. and European financial services regulations and alternative investment fund matters for clients with operations in the U.K., Europe, the United States, and Asia.
Zach has particular expertise in the regulatory issues arising within the private investment fund industry including primary fundraising and secondary/GP-led scenarios, and advising clients on the cross-border offering of fund products and related services across the United Kingdom and European Union, including in relation to the use of national private placement regimes and EEA passports under the Alternative Investment Fund Managers Directive (AIFMD).
Zach also regularly advises investment firms on establishing regulated businesses in the UK, and more generally, on a range of EU and UK financial services regulation, including the UK SMCR, MIFID, EU and UK AIFMD, and PRIIPS.
Education
- Bond University, Dip LP, 2011
- Bond University, LLB, 2010
Representations
- Represented Warburg Pincus on the formation of its $14.8bn flagship fund and companion funds ($4.24bn)
- Represented TPG Real Estate on the formation of TPG Real Estate Partners III ($3.5bn) and TPG Real Estate Partners IV ($6.8bn)
- Represented Patient Square Capital on its inaugural fund, Patient Square Equity Partners, with approximately $3.9bn in commitments (one of the largest first-time private equity funds ever raised)
- Represented Highland Europe on its fifth fund, raising €1 billion
- Advised J.P. Morgan Asset Management on European regulatory issues associated with Lynstone Special Situations Fund II ($2.4bn)
- Represented One Equity Partners on the formation of One Equity Partners VIII ($2.75bn)
- Represented I Squared Capital on the successful final closing of ISQ Global Infrastructure Fund II with total capital commitments of $15bn
- Represented Thoma Bravo on its flagship and companion fundraisings
- Represented a major U.K. bank on a range of regulatory perimeter issues under the Financial Services and Markets Act 2000 and the Financial Services and Markets Act 2000 (Regulated Activities Order) following the introduction of the ‘ring-fence’ bank regime under the Financial Services (Banking Reform) Act 2013
- Represented a range of U.K.-based clients on the requirements under the U.K. Financial Services and Markets Act, including applications to the Financial Conduct Authority for Part 4A permissions, variations of permissions, and change in control applications
Matters may have been completed before joining Paul Hastings
insights
- IFPC Client Alert AIFMD Refresher Series - May 17th, 2024
- SFDR II – No root and branch reform, please - April 8th, 2024
- AIFMD Refresher: ESG & the Sustainable Finance Disclosure Regulation (“SFDR”) - March 19th, 2024
- AIFMD Refresher: Deal Notifications & Anti-Asset Stripping Rules - March 12th, 2024
- Credit Funds: The Year of the Regulator - March 8th, 2024
- AIFMD Refresher: The AIFMD Compliant Annual Report - March 5th, 2024
- AIFMD Refresher: Regulatory Reporting under Article 24 - February 28th, 2024
- AIFMD II – A Summary of the Key Changes - November 27th, 2023
- New AIFMD Reporting System in Finland - October 24th, 2023