Patrick (Jay) Spinola, Jr. is a partner in the Asset Management Group with more than 15 years of experience counseling registered investment companies and their advisers. Jay focuses on the organization and offering of registered investment companies, and counseling funds and their sponsors in all aspects of their operations. He has significant experience advising clients that offer specialized investment funds, such as exchange-traded funds (ETFs), registered funds of hedge funds, principal protected funds and novel investment products. He provides advice to clients on the full range of issues that funds, their boards and advisers encounter day-to-day, including regulatory and compliance matters, contract approvals, disclosure issues and restructuring and financing transactions.
Jay serves as fund counsel to several major fund complexes and also represents independent directors. He has broad transactional experience involving funds and their advisers, including merger and acquisition transactions, fund reorganizations and fund adoptions. He also advises fund sponsors on the development of financial products involving fund structures and regularly assists clients in the initial public offering of registered funds. Jay also has broad experience with secondary fund offerings, including shelf take-downs, rights offerings and preferred stock.