Nathan D. Somogie
Nathan is counsel in Ropes & Gray’s asset management group. His practice covers a wide range of regulatory, transactional and compliance matters for global asset managers, including the organization, operation and governance of mutual funds, exchange-traded funds (ETFs), interval and tender offer funds, registered funds of private funds, and business development companies.
Nathan has advised on some of the most innovative investment products in the asset management industry, including several of the first semi-transparent ETFs and registered closed-end funds that provide public access to private equity investments. He has extensive experience representing investment advisers, registered investment companies and their boards of directors. Nathan is a trusted counselor to asset managers in mergers and acquisitions, investment transactions and fund reorganizations, and regularly advises clients on industry developments.
Prior to joining the firm, Nathan clerked for Judge John M. Rogers of the United States Court of Appeals for the Sixth Circuit. He was a CPA prior to law school and worked at Deloitte for three years, where he managed financial statement audits for public companies.
Provide regulatory, transactional and compliance advice to:
- Natixis Investment Managers and its affiliated mutual funds and ETFs.
- Invesco Ltd., a leading global provider of ETFs, on the development of its active semi-transparent ETF model, including its application for novel exemptive relief from the SEC.
- Columbia Threadneedle and its affiliated mutual funds.
- AMG Funds and Pantheon Ventures with respect to AMG Pantheon Fund, one of the few registered funds of private equity funds in existence.
- Primark Capital Funds with respect to Primark Private Equity Investments Fund, the first registered fund of private equity investments offered to non-accredited investors.
- The Brighthouse Funds and Brighthouse Investment Advisers (formerly the MetLife Funds and MetLife Advisers).
- Several of the world’s largest asset managers in a variety of registered fund reorganizations, including the first merger of an ETF into an open-end fund and other unique merger structures.
- Various global asset managers on a range of regulatory and compliance matters relevant to their services to mutual funds and ETFs.
- Global asset managers and private equity sponsors in connection with mergers and acquisitions of registered investment advisers and broker-dealers.
- Quoted, “COVID-19: SEC Further Extends Public Comment Deadline, Commissioner Calls for Still More Time,” ACA Insight (April 13, 2020)
- Quoted, “SEC Exemption Proposal Would Raise Offering Limits and Streamline Process,” ACA Insight (March 9, 2020)
- Co-author, “Retail Investments in Private Funds: Regulatory Obstacles and Opportunities,” Wolters Kluwer (October 18, 2019)
- “European Legal and Regulatory Update,” Boston Bar Association, Financial Services Section Newsletter (Winter 2012)
- “Failure of a ‘Basic Assumption’: The Emerging Standard for Excuse Under MAE Provisions,” Michigan Law Review (2009)
- Speaker, “Final SEC Fair Valuation Rulemaking,” SIFMA AMG Webinar (December 16, 2020)
- JD, magna cum laude, University of Michigan Law School, 2010; Articles Editor, Michigan Law Review
- MS (Accounting), Bentley University, 2004
- BA, summa cum laude, Gordon College, 2003
Admissions / Qualifications