Keith MacLeod is a member of the firm's asset management group and his practice focuses on the financial services industry. He represents investment advisers, family offices, investment funds, and institutional investors in complex transactional and regulatory matters, including mergers and acquisitions, investments, and securities law.
Keith has extensive experience advising sponsors on launching cutting-edge registered products, including through the conversion of SMAs and mutual funds into ETFs and the negotiation of partnerships between traditional and alternatives sponsors. He also has deep experience in asset management M&A. He regularly negotiates the sale of investment advisers, fund businesses, wealth management platforms, and GP stakes.
Experience
- Represented Capital Group in the negotiation of its strategic partnership with KKR and the design, registration and launch of Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+, their first two public-private investment solutions.
- Advised State Street Investment Management on its strategic minority investment in Coller Capital, one of the world’s largest dedicated private market secondaries managers.
- Advises strategic and private equity buyers and sellers in asset and wealth management M&A transactions, including:
- Advent International in its minority investment in Fisher Investments, one of the world’s leading wealth management firms.
- Bain Capital in its take-private acquisition of Envestnet for $4.5 billion.
- Commonwealth Financial Network, the largest independently owned wealth management firm in the country, in a definitive sales agreement to LPL Financial Holdings Inc.
- Engine No. 1 on the sale of its ETF business to TCW Group.
- Osaic in its pending acquisition of CW Advisors, a Boston-based registered investment advisor (RIA) managing $13.5 billion in fee-only client assets.
- Represents various sponsors in launching registered alternatives funds, including through the negotiation of partnerships between traditional and alternatives sponsors.
- Advises several multi-billion dollar family offices on investment activities and commercial arrangements, including in various complex asset classes.
- Represents several sovereign wealth funds and multilateral organizations in negotiating investment and trading agreements and establishing joint ventures.
- Represented investment adviser in the conversion of SMAs and private fund assets into a $2 billion ETF.
- Represented Engine No. 1 in the development and growth of what is now the TCW ETF Trust.
- Represented TCW Group in connection with the conversion of mutual funds into ETFs.
- Provides ongoing federal securities law advice to a global, U.K.-based asset manager.
- Represented PIMCO in the launch of the PIMCO Flexible Emerging Markets Income Fund interval fund.
- Advises multiple sponsors in the launch of actively managed ETFs.
- Represented Cohen & Steers Capital Management in the development and launch of its suite of ETFs, including Cohen & Steers Natural Resources Active ETF, Cohen & Steers Preferred and Income Opportunities Active ETF, and Cohen & Steers Real Estate Active ETF.
- Advises the DoubleLine Funds, including their open-end, closed-end, and exchange-traded funds and their board of trustees, with respect to a broad range of regulatory and compliance matters, including the creation of new products.