Paul D. Tropp

Partner

paul-tropp
  • JD, New York University School of Law, 1996
  • BA, Harvard College, 1993

Qualifications

  • New York, 1997
  • Legal 500 (2020) 
  • FinanceAsia, Best Singapore Deal, $173 million SC Health Corp IPO on NYSE (2020)
  • IFLR1000 (2019-2022)
  • Chambers USA (2019-2021)
  • Chambers Global (2020-2021)
  • The National Law Journal, “Finance, Banking & Capital Markets Trailblazer” (2019)

Paul D. Tropp

Partner

Paul Tropp is a co-head of Ropes & Gray’s capital markets group in New York. He represents issuers and underwriters in a wide range of corporate finance transactions, including initial and follow-on public offerings; transactions involving convertible, high-yield and investment-grade bonds; debt tenders and consents; private placements; and selling-shareholder deals. In addition, Paul advises independent boards of directors and financial advisors.

Paul’s practice has a particular focus on specialty finance enterprises such as special purpose acquisition companies (SPACs), business development companies (BDCs) and mortgage REITs, as well as asset managers.

Consistently recognized as a leading lawyer by sources such as Chambers USA, Chambers Global, IFLR and The Legal 500, Paul headed the New York capital markets practice of a global law firm before joining Ropes & Gray in 2018.

Experience

  • Represented KKR Acquisition Holdings I Corp. in its $1.38 billion IPO.
  • Represented TCV Acquisition Corp. in its $400 million IPO.
  • Represented the underwriters in the debut bond offering and multiple subsequent debt offerings for Blackstone Secured Lending Fund, worth an aggregate of over $1 billion.
  • Represented the underwriters in the $575 million IPO for Liberty Media Acquisition Corporation, a special purpose acquisition company.
  • Represented the underwriters in the $357 million IPO for Conyers Park III Acquisition, a special purpose acquisition company.
  • Represented the underwriters in the $250 million IPO for Oaktree Acquisition Corp. II, a special purpose acquisition company.
  • Represented the underwriters in the $400 million IPO for TPG Pace Beneficial II Corp., a special purpose acquisition company.
  • Represented the underwriters in the $285 million IPO for TPG Pace Solutions Corp., a special purpose acquisition company.
  • Represented the underwriters in the $350 million IPO for TPG Pace Beneficial Finance Corp., a special purpose acquisition company.
  • Represented the underwriters in the $450 million IPO for TPG Pace Tech Opportunities Corp., a special purpose acquisition company. 
  • Represented the lead underwriters in the $4 billion IPO for Pershing Square Tontine Holdings, a special purpose acquisition company.
  • Represented the lead underwriters in the $287 million IPO for nCino, a software-as-a-service company for financial institutions. 
  • Represented the lead underwriters in the $805 million IPO for Nuvei Corporation, a global provider of payment technology solutions.
  • Represented Dragoneer Growth Opportunities Corp., a special purpose acquisition company, in its $690 million IPO.
  • Represented Altimeter Growth Corp., a special purpose acquisition company, in its $500 million IPO. 
  • Represented the lead underwriters in the $150 million IPO for Owl Rock Capital Corporation, a business development company. 
  • Represented the lead underwriters in two high yield notes offerings worth an aggregate of $500 million for Hannon Armstrong Sustainable Infrastructure Capital. 
  • Represented the lead underwriters in the $152 million IPO for Bain Capital Specialty Finance, a business development company specializing in direct loans to middle-market companies.
  • Represented the lead underwriters in the $400 million IPO for Gores Metropoulos, Inc., a specialty purpose acquisition company.
  • Represented the lead underwriters in two follow-on offerings worth an aggregate of $1.5 billion for Annaly Capital Management, a diversified capital manager that invests in and finances residential and comme underwriters in two senior unsecured notes offerings worth an aggregate of $350 million for Sixth Street Specialty Lending, a business development company. 
  • Represented the lead underwriters in the $100 million senior subordinated cumulative preferred shares offering for Compass Diversified Holdings.
  • Represented the lead underwriters in the $125 million convertibles notes offering for Granite Point Mortgage Trust, a commercial real estate debt investor in the United States.

Publications

  • JD, New York University School of Law, 1996
  • BA, Harvard College, 1993

Qualifications

  • New York, 1997
  • Legal 500 (2020) 
  • FinanceAsia, Best Singapore Deal, $173 million SC Health Corp IPO on NYSE (2020)
  • IFLR1000 (2019-2022)
  • Chambers USA (2019-2021)
  • Chambers Global (2020-2021)
  • The National Law Journal, “Finance, Banking & Capital Markets Trailblazer” (2019)
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