Milbank LLP is pleased to announce that Stuart Alter has joined its New York office as a partner in the firm’s Tax Group.
“Stuart is widely regarded as a leading tax practitioner in the alternative investment funds space, and his arrival underscores our continued commitment to strategically growing our investment funds capabilities,” said Milbank Chairman Scott Edelman. “We are thrilled to welcome him to Milbank.”
Mr. Alter’s practice focuses on tax advice to sponsors in the alternative investment funds industry, including in connection with the formation and operation of private equity, real estate, credit, secondary and hedge funds. He advises asset managers and institutional investors on a broad range of strategic transactions, including joint ventures, acquisitions and dispositions, GP-stakes investments, seed arrangements and other complex investments.
“We are excited to expand our specialty tax offerings and provide our clients integrated, high-caliber tax counsel across the full spectrum of fund formation, structuring, operations and secondary sales,” said Eschi Rahimi-Laridjani, Practice Group Leader of Milbank’s Tax Group. “Stuart has a fantastic breadth and depth of experience advising sponsors on a variety of tax-related matters and has advised on many landmark transactions in the space.”
His recent representative matters include advising BentallGreenOak on various matters, including the formation of its flagship Asia-focused value-add real estate strategy, which raised over $5.1 billion in total capital commitments; FoxPath Capital Partners on its long-term partnership with Reinsurance Group of America; Adelis Equity Partners on the formation of its flagship Nordic-focused fund, which raised $1.73 billion in total capital commitments; and Coller Capital on its acquisition of a $1.6 billion senior direct lending portfolio from American National – one of the largest LP-led private credit secondary transactions of its kind.
Mr. Alter will work closely with Rami Turayhi, who recently joined Milbank as a partner in the firm’s Global Corporate Group, within the investment funds and asset management practice.
Mr. Turayhi commented, “Stuart’s arrival further enhances Milbank’s tax capabilities for our investment fund and asset management clients, as they increasingly seek to provide creative fund structuring options and offerings for investors, employees and other counterparties. We are excited to work alongside him as we continue to build out a market-leading, fully integrated investment funds platform.”
“I have long admired Milbank’s global platform, deep client base and unmatched strength across the energy, infrastructure, transportation, distressed credit and special situations sectors,” said Mr. Alter. “Milbank is uniquely positioned to cultivate a top-tier investment funds practice, and I am excited to help further the firm’s momentum in this space.”
Mr. Alter joins from Akin, where he was a partner in the Tax Group. He received his LL.M. from New York University School of Law, his J.D., magna cum laude, from Fordham University School of Law and his B.S., magna cum laude, from Touro University International.
