Barry P. Barbash
Willkie Farr & Gallagher LLP
1875 K Street, N.W.
Washington, D.C. 20006-1238, U.S.A.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, N.Y. 10019-6099, U.S.A.
Barry P. Barbash is a co-head of the firm’s Asset Management Group and has been a practitioner in the asset management area for over 30 years. He combines deep private practice experience with extensive knowledge of the regulation of the asset management business, having served from September 1993 until October 1998, as the Director of the Securities and Exchange Commission’s Division of Investment Management.
Mr. Barbash has a diverse practice covering all aspects of the asset management business. He regularly advises investment managers and fiduciaries, mutual fund, exchange-traded fund, hedge fund, private equity fund venture capital fund clients on a variety of transactional, compliance and regulatory matters. His areas of expertise include investment adviser operations and compliance matters. He regularly represents buyers and sellers in asset management merger and acquisition transactions and restructurings and advises asset managers of all types in connection with administrative and court actions brought by securities regulators. He has particular experience and expertise dealing with "status" issues arising under the Investment Advisers Act of 1940 and the Investment Company Act of 1940. He has, in addition to serving as the Director of the SEC’s Division of Investment Management, held staff attorney positions with the Division of Investment Management and the Plan Benefits Security Division of the Office of the Solicitor of the U.S. Department of Labor, which has responsibility for the administration of the fiduciary responsibility provisions of the U.S. federal employee benefit plans law. His practice has been focused on investment advisers, fiduciaries and securities regulation since 1978.
Selected Professional and Business Activities
Mr. Barbash serves as Co-Chairman of the Investment Management Institute sponsored by the Practising Law Institute. He previously served as Co-Chairman of PLI’s "The SEC Speaks" (1997, 1998). He was awarded the Presidential Distinguished Rank Award for exceptional achievement during his tenure as a member of the Senior Executive Service of the United States.
Mr. Barbash authored a chapter in Hedge Funds and Prime Brokers
entitled "Corporate Governance by and for Hedge Funds" (Risk Books, 2007), and is the author of "The Investment Advisers Act of 1940: Regulation by Accretion," (Rutgers Law Journal
, Spring 2008).
Selected Significant Matters
Represented Carlson Capital, L.P. in new marine fund and reinsurance venture.
Advised Barclays in launch of new DoubleLine mutual fund.
Advised on $412.5 million acquisition of Genworth’s wealth management business.
Advising Cheniere Energy Inc. on Investment Company Act issues in connection with a public offering of shares of Cheniere Energy Partners LP Holdings LLC, a limited liability company designed to be a source of capital funding for Cheniere Energy Partners L.P., a public company that owns and operates liquefied natural gas and other facilities. Goldman Sachs and Morgan Stanley are the lead underwriters for the offering and have looked to us for 1940 Act guidance.
Lead partner in serving as legal counsel to numerous investment advisers of major U.S. mutual fund complexes. Successful representation of numerous clients before the SEC in connection with examinations and potential enforcements actions.
Selected Publications and Lectures
"Valuing The Invaluable," Law360 (March 6, 2012, co-author)
"SEC Adopts Rule Defining ‘Venture Capital Fund’ for Purposes of Exemption From The Investment Advisers Act," New York Law Journal (September 2011, co-author)
"Supreme Court Adopts Rule of Narrow Construction for Rule 10b-5," New York Law Journal (June 23, 2011, co-author)
1978, Cornell Law School, J.D.
1975, Bowdoin College, A.B.
District of Columbia