Image: Zach Milloy

Zach Milloy

Partner, Investment Funds & Private Capital


Phone: 44-020-3023-5190
Fax: 44-020-3023-5490


Zachary Milloy is a partner in the Investment Funds & Private Capital practice of Paul Hastings and based in the firm’s London office. Zach has broad experience advising on a range of U.K. and European financial services regulations and alternative investment fund matters for clients with operations in the U.K., Europe, the United States, and Asia.

Zach has particular expertise in alternative investment funds and advising clients on the cross-border offering of fund products and related services across the United Kingdom and European Union, including in relation to the use of national private placement regimes and EEA passports.


  • Bond University, Dip LP, 2011
  • Bond University, LLB, 2010


  • Represented Warburg Pincus on the formation of its $14.8bn flagship fund and companion funds ($4.24bn)
  • Represented TPG Real Estate on the formation of TPG Real Estate Partners III ($3.5bn) and TPG Real Estate Partners IV ($6.8bn)
  • Represented Patient Square Capital on its inaugural fund, Patient Square Equity Partners, with approximately $3.9bn in commitments (one of the largest first-time private equity funds ever raised)
  • Represented Highland Europe on its fifth fund, raising €1 billion
  • Advised J.P. Morgan Asset Management on European regulatory issues associated with Lynstone Special Situations Fund II ($2.4bn)
  • Represented One Equity Partners on the formation of One Equity Partners VIII ($2.75bn)
  • Represented I Squared Capital on the successful final closing of ISQ Global Infrastructure Fund II with total capital commitments of $15bn
  • Represented Thoma Bravo on its flagship and companion fundraisings
  • Represented a major U.K. bank on a range of regulatory perimeter issues under the Financial Services and Markets Act 2000 and the Financial Services and Markets Act 2000 (Regulated Activities Order) following the introduction of the ‘ring-fence’ bank regime under the Financial Services (Banking Reform) Act 2013
  • Represented a range of U.K.-based clients on the requirements under the U.K. Financial Services and Markets Act, including applications to the Financial Conduct Authority for Part 4A permissions, variations of permissions, and change in control applications

Matters may have been completed before joining Paul Hastings

Practice Areas

Investment Funds & Private Capital

Investment Funds & Private Capital Regulatory

Investment Management

Secondary & Fund Transactions

Private Investment Funds




Queensland Solicitor

Registered Foreign Lawyer (England & Wales)


Bond University - Faculty of Law, LL.B. 2010

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