Overview
John Budetti is the Global Chair of the Investment Funds & Private Capital practice of Paul Hastings based in the firm’s New York office. John focuses his practice on counseling private equity sponsors in numerous transactions. Since 2005, he has represented private fund sponsors with AUM ranging from $75 million to $30+ billion.
John counsels private fund sponsors on a variety of matters involving raising diverse funds; sponsors’ secondary transactions, and GP-led continuation vehicles; third-party minority stake investments in sponsor management companies; operational, legal, compliance, and governance matters; internal economic arrangements; alternative investment vehicle structures and M&A transactions; strategic investments and joint ventures; spin-outs; and other corporate transactions involving private investment funds.
John has significant experience with a diverse group of private investment firms. His current and past clients include Altaris Capital Partners, Arlington Capital Partners, Andro Capital, Audax Group, Avathon Capital, Braemar Energy Ventures, BRS & Co., GTCR LLC, Harren Equity Partners, H.I.G. Capital, Kinderhook Industries, Lincolnshire Management, Northlane Capital, Plexus Capital, Quad-C, Round Hill, Spectrum, Summit Partners, WindRose, York Capital, and ZS, among a number of others.
John serves on the New York City Bar’s Private Investment Funds Committee. He is a member of The White House Historical Association, a non-profit organization founded in 1961 by First Lady Jacqueline Kennedy with a mission to protect, preserve, and provide public access to the rich history of America’s Executive Mansion.
Recognitions
- IFLR1000 US, Highly Regarded, Investment Funds
- The Legal 500 US, Investment Fund Formation and Management: Private Equity Funds (including Venture Capital)
- The Legal 500 US, Investment Fund Formation and Management: Alternative/Hedge Funds
Education
- Northwestern Pritzker School of Law, J.D. (cum laude), 2005
- Northwestern University Kellogg School of Management, M.B.A.
- Trinity College, B.A.
Representations
Recent Transactions:
- €1.4 billion Europe Growth Equity fund.
- $1.85 billion Private Equity fund.
- $500 million portfolio company purchase and co-investment.
- $490 million portfolio company sale.
- $1 billion GP-led restructuring continuation fund.
- $1.5+ billion multi-fund GP-led restructuring reinvestment vehicle.
- Sell-side minority stake investment in sponsor $2 billion+ AUM.
- $5 billion LBO fund.
- $900 million middle market growth equity / venture capital fund.
- €1.1 billion Europe Growth Equity fund.
- $800 million Special Opportunities fund.
- $1.7 billion Government Contracting LBO fund.
- $4.9 billion Growth Equity fund.
- $3.5 billion Private Equity fund.
- $1 billion lower middle market fund.
- $5.25 billion LBO fund.
- $900 million credit fund.
Investment Funds:
- Global, U.S., and European leverage buyout, mezzanine, and subordinated debt, credit, venture capital funds, and other products.
- Separately managed accounts and “funds-of-one.”
- Investment funds for multiple other asset classes and geographies.
Private Capital Transactions:
- Continuation vehicles.
- Minority stake investments.
- Various private-market primary and secondary purchase and sale transactions.
- Co-investments.
- Structuring deal structure alternative investment vehicle transactions.
Pro Bono:
- Represented individual during naturalization process working with Legal Services NYC.
- Represented individual seeking citizenship under Violence Against Women Act.
- Represented multiple Iraq and Afghanistan war veterans with combat-related disabilities.
- Led merger of two non-profit corporations.
- Represented low-income tenants association in property joint-venture.
Matters may have been completed before joining Paul Hastings.
insights
- The Fifth Circuit Vacates the SEC’s Private Fund Rules - June 5th, 2024
- SEC Division of Examinations Issues Risk Alert on Marketing Rule Deficiencies - April 29th, 2024
- SEC Enforcement Continues Thematic Focus on Hypothetical Performance - April 17th, 2024
- SEC Updates for Private Funds: Private Fund Rule Litigation and Marketing Rule FAQ - February 12th, 2024
- Investment Funds & Private Capital Market Insights: SEC Announces 2024 Examination Priorities - October 24th, 2023
- Investment Funds & Private Capital Market Insights: SEC Adopts Scaled-Back Version of Private Fund Rules (Part 2 of 2) - September 14th, 2023
- Investment Funds & Private Capital Market Insights: SEC Charges Nine Investment Advisers for Advertising Hypothetical Performance to the General Public Without Adopting Policies and Procedures - September 13th, 2023
- Investment Funds & Private Capital Market Insights: Selection and Scope of SEC-Registered Investment Adviser Examinations - September 11th, 2023
- Investment Funds & Private Capital Market Insights: Industry Groups Challenge Over Private Funds Rule - September 5th, 2023
- Investment Funds & Private Capital Market Insights: SEC Adopts Scaled-Back Version of Private Fund Rules (Part 1 of 2) - August 24th, 2023
- SEC Charges FinTech Adviser for Misrepresenting Hypothetical Crypto Performance Resulting in Million Dollar “Marketing Rule” Enforcement - August 23rd, 2023
- SEC Rulemaking: Proposed Rule on Use of Predictive Analytics, AI and Other Technologies - August 2nd, 2023
- Proactive Recommendations to Private Equity Sponsors During Debt Ceiling Uncertainty - May 23rd, 2023
Involvement
- Member, New York City Bar Association’s Private Investment Funds Committee
- Member, The White House Historical Association