Stephanie Thomas focuses her practice on private equity fund formation, where she represents fund sponsors and institutional investors in connection with the formation of and investments in buyout funds, venture capital funds, secondary funds, debt funds, fund-of-funds, and other private equity funds, ranging in size and investment focus.
Ms. Thomas has advised institutional investors in over 100 private equity fund formations, involving foreign and domestic funds ranging in size from $40 million to $21 billion. These investors, including state and corporate pension funds, universities, fund-of-funds, insurance companies, and other institutional investors, have commitments ranging from $5 million - $600 million on a per-deal basis. Ms. Thomas has represented significant limited partner investors in nine of the 15 largest private equity funds ever raised.
Ms. Thomas has also represented over 30 fund sponsors in the formation of their private equity funds and ongoing fund operations, including upper-tier restructuring, parallel funds, securities law matters, ERISA compliance, transfers or sales of partnership interests, the Investment Company Act, and the Investment Advisers Act.
Ms. Thomas also has significant experience in a broad range of corporate and securities transactions, including public and private financings, mergers and acquisitions, and matters of general business and corporate law. She regularly advises start-up and emerging growth companies, life science companies, public companies, shareholders, boards of directors, and institutional investors with respect to venture capital investments.
Ms. Thomas has been recognized by leading publications including Legal 500, which described her as “hugely valued by clients for her technical and commercial input.”
Ms. Thomas received her J.D. from the University of California, Los Angeles School of Law where she participated in the school's Corporate Law Program and served as Managing Editor of the UCLA Law Review.
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