Stephen D. Adams

Associate

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  • JD, cum laude, Harvard Law School, 2013; deputy editor in chief & kindle editor, Journal of Law and Public Policy; Irving Oberman Memorial Award for Bankruptcy (2013) (best bankruptcy-related paper)
  • BA, magna cum laude, Rice University, 2007; Phi Beta Kappa

Qualifications

  • Massachusetts, 2013

Stephen D. Adams

Associate

Stephen Adams joined Ropes & Gray in 2014 as an associate practicing primarily in the firm’s investment management practice group. Stephen’s practice focuses on counseling investment advisers and funds on a broad range of regulatory and transactional matters. Before joining the firm, Stephen helped start the Harvard Law School Bankruptcy and Corporate Restructuring Project and the Harvard Law School Bankruptcy Roundtable, where his research focused on financial institution insolvency and the treatment of derivatives and repurchase agreements in bankruptcy.

Before law school, Stephen worked at Bain & Company, a global management consulting firm, as a senior associate consultant where he served clients across a broad range of industries.

Experience

  • Provided advice regarding registered open-end and closed-end funds, hedge funds, investment advisers, collective investment trusts, and business development companies under the U.S. federal securities laws, and especially the Investment Company Act of 1940 and the Investment Advisers Act of 1940, including regarding numerous fund launches, registration statement updates, and board meetings
  • Negotiated investment management agreements related to investments of over $100B for large institutional investors
  • Led a multi-practice team of six lawyers to amend and novate 600+ trust agreements related to an investment adviser reorganization
  • Led three-person team to execute a fund merger involving assets of over $50B for a global investment adviser
  • Negotiated launch agreements for two large fund distribution platforms
  • Oversaw team of eight lawyers to research and prepare solicitation registrations for a client in 40 states 
  • Supervised due diligence related to the purchase of loan-focused registered investment adviser by a hedge fund
  • Advised non-U.S. investment advisers on U.S. registration and offerings to U.S. persons
  • Drafted tailored fund-of-funds exemptive application and related advice
  • Reviewed and provided advice regarding claims trading with respect to various Lehman insolvency proceedings
  • Pro bono practice focuses on corporate advice for nonprofits, including incorporation and tax-exempt applications

Publications