Overview
Ian M. Schwartz is the head of McDermott Will & Emery’s Investment Funds Group. He focuses his practice on advising investment firms and private equity sponsors on the formation and marketing of their funds and investments. Additionally, Ian is highly skilled in counseling private fund clients in connection with structuring fund investments, including general partner-lead secondary transactions and co-investment structures.
Ian has served as legal counsel in numerous multibillion-dollar and middle-market private investment fundraisings for institutional and boutique sponsors across a spectrum of investment strategies, including buyout, real estate, loan origination, debt, credit, fund of fund, healthcare, infrastructure, region specific, secondary, venture, growth equity, distressed/special situation, energy, funds-of-one, seeding, and co-investment. He also has extensive experience advising investment firms and private equity sponsors on hybrid, semi-open ended, and other bespoke fund structures that align the fund’s liquidity profile and terms to the liquidity and characteristics of the underlying investments.
He also regularly assists fund sponsors with their internal operational matters, such as the organization and documentation of their firm governance arrangements, carry plan structuring, and employee co-investment vehicles and structures. Ian also counsels fund managers on a wide range of regulatory and compliance matters.
Ian is ranked as a leading investment funds lawyer by numerous publications, including Chambers and Partners, Legal 500 US, and IFLR1000.
In addition to fund sponsors, Ian’s clients include top institutional limited partners, family offices, sovereign wealth funds, and senior investment professionals.
Results
- Represented H.I.G. Capital in the formation of H.I.G. Middle Market LBO Fund IV, which closed with aggregate capital commitments of $5.5 billion and co-investments from separately managed accounts worth $450 million, significantly exceeding its target
- Represented Martis Capital in the formation of its fourth fund, Martis Partners IV, which had $779 million in capital commitments, exceeding its target of $700 million
- Represented Lorient Capital in the formation and fundraising of its first continuation fund, Lorient Peregrine, a single-asset continuation fund that acquired a majority interest in ShiftKey, a healthcare technology company valued at more than $2 billion
- Represented WhiteHorse Capital, a credit arm of H.I.G. Capital, in the formation of H.I.G. WhiteHorse Direct Lending Fund – 2020, which had aggregate capital commitments of approximately $1.65 billion
- Represented 3 Boomerang Capital in the formation of its flagship fund, 3 Boomerang Capital I, which had more than $375 million in capital commitments, exceeding its target
- Represented Speyside Equity Fund I LP and Speyside Equity Opportunity Fund LP in a single-asset continuation vehicle transaction to support future growth initiatives at portfolio company, Opta Group LP
- Represented H.I.G. Capital in the formation of its fourth US realty partners fund, H.I.G. Realty Partners IV, which closed with aggregate capital commitments of $838 million, exceeding its target
- Represented Boyne Capital in the formation of BCM Fund II, LP
- Represented H.I.G. Capital in the formation of H.I.G. Europe Realty Partners II, which had aggregate capital commitments of €673 million* ($760 million), exceeding its target
- Represented Martis Capital in the formation of Martis Partners III, LP, which had aggregate capital commitments of $545 million
- Represented H.I.G. Capital in the formation of H.I.G. Europe Middle Market LBO Fund, which closed with aggregate capital commitments of €2 billion
- Represented H.I.G. Capital in the formation of H.I.G. Realty Partners III, which closed with aggregate capital commitments of approximately $593 million
- Represented Lorient Capital in the fund formation and closing of Lorient Healthcare Fund II, which was oversubscribed and closed at its hard cap with aggregate capital commitments of $225 million
- Represented H.I.G. Capital in the formation of H.I.G. Europe Capital Partners III, which closed with aggregate capital commitments of €1.1 billion, exceeding its target
- Represented H.I.G. Capital in the formation of H.I.G. Middle Market LBO Fund III, LP, which closed with aggregate capital commitments of $3.1 billion, exceeding its target
Recognitions
- Chambers USA, Private Equity: Fund Formation, 2022–2024
- Legal 500 US, Recommended, 2022–2024
- IFLR1000, Private Equity Funds, 2023
Community
- Committee on Private Investment Funds of the Association of the Bar of the City of New York, appointed member
- Association of the Bar of the City of New York, member
- New York State Bar Association, member
Credentials
Education
Georgetown University Law Center, JD, cum laude, 2001
University of Florida, BA, 1998
Admissions
New York