David J. Greene

Simpson Thacher advised New Mountain Capital in the formation and raising of New Mountain Net Lease Partners II, L.P. (“NMNLP II”). NMNLP II closed at $825 million in capital commitments, including the capital commitment from New Mountain and its professionals, substantially exceeding its initial fundraising goal of $750 million.~~New Mountain Capital is a New York-based alternative investment firm that emphasizes business building and growth. The firm currently manages private equity, credit and net lease real estate funds with over $40 billion in assets under management as of March 31, 2023.~~The Simpson Thacher team advising on NMNLP II included David Greene, Matthew Leighton, Lawton Salley and Thomas Boland (Funds); Andrew Purcell, Adam Hersch and Shareef Salfity (Tax); and Jeanne Annarumma (Executive Compensation and Employee Benefits).

Jun 28

1 min

Simpson Thacher represented The Carlyle Group (Carlyle) in connection with the formation and closing of Abingworth’s new Clinical Co-Development Co-Investment Fund (CCD-CIF) at $356 million. Abingworth, a leading international life sciences investment group, is a part of Carlyle. CCD-CIF was significantly oversubscribed, exceeding its target of $300 million.~~Alongside the Abingworth Clinical Co-Development Fund 2 (ACCD 2), a fund of $583 million, Abingworth has raised over $930 million in new funds since 2021 to invest in the development of late-stage clinical programs from pharmaceutical and biotechnology companies in the U.S., U.K., Europe and Asia-Pacific, developing innovative therapeutics with potential to significantly improve human health.~~The Simpson Thacher team included David Greene, Lina Zhou, Yoonji Woo, Bradley Benson, Jessica Shieh, Joseph Teitelbaum, In Young Kim and Nikaury Payano (Private Funds); and Nancy Mehlman, Jodi Schneider and Lina Pan (Tax).

Oct 30

1 min

David J. Greene Weil Gotshal & Manges LLP has announced it hired a former Simpson Thacher & Bartlett LLP private funds attorney, who is joining the team in New York and Washington, D.C., to work on fund formation matters and the operation and management of private investment funds. David J. Greene has been welcomed to Weil as a partner in the firm's private funds group, it said in a statement Monday. He will represent clients in global fundraising matters, in structuring U.S. and international investment and operating platforms, and in negotiating strategic partnerships and co-investments, the firm highlighted. Greene also advises sponsors across the energy, infrastructure, power and renewable industries, and he works with oil and gas sponsors, financial services sponsors, and with other private investment strategies, according to the statement. In an email to Law360 Pulse Tuesday, Greene said his practice is a broad-based, alternative asset management practice that works with all sizes of funds, from startup venture funds to funds valued at over $15 billion. He has worked across a variety of strategies, he said, including with infrastructure, credit, buyouts and secondaries. "Weil's private funds group has a global footprint, with more than 90 full-time dedicated private funds lawyers in the United States and Europe," Greene said. "The firm covers a broad range of the fund sponsor spectrum, from some of the largest, most well-established players to emerging participants. Not only is the practice moving from strength to strength, but I've found my new partners to be wonderfully collegial and friendly. I'm excited to be part of the growth story here at Weil." For Greene, trends in the market are leaning toward innovation and consolidation, with many private equity clients trying "to look around the corner to meet their investor's needs," through new strategies, or structures. "Secondly, consolidation across the industry is continuing to accelerate with a number of recent control deals in the asset management space," he added. "We are uniquely positioned to partner with clients on these assignments by bringing together a multidisciplinary team of M&A, regulatory, private funds and tax practitioners." Andrew Chizzik, co-head of Weil's U.S. private funds group, told Law360 Pulse that Greene's new role "underscores the continued expansion" of the private funds practice, and the level "of market demand we're seeing from sponsors across strategies." "We're advising on an increasingly broad range of [funds], structures and strategic initiatives, and adding a partner of David's quality and experience strengthens our ability to support clients at scale across the global platform," Chizzik said in an email. "In addition to being an outstanding attorney, David is also a wonderful human being, and we couldn't be more excited about him joining our platform." A University of Virginia School of Law graduate, Greene started his career at Latham & Watkins LLP, where he spent more than 12 years. He joined Simpson Thacher in 2017, according to his LinkedIn profile. Barry Wolf, executive partner with Weil, said in a statement that Greene is "a highly accomplished private funds lawyer with deep technical expertise and a strong reputation for client service." "We are thrilled to welcome him to Weil and confident that he will be an excellent substantive and cultural fit both for the private funds group and the firm more broadly," Wolf said. Michael J. Aiello, chair of Weil's corporate department, said in a statement that Greene's "impressive combination of sophisticated fund formation experience and commercial judgment" will be a benefit to the firm's clients. "He has advised a broad spectrum of fund clients, including institutional sponsors, and his arrival strengthens our ability to support clients in today's increasingly complex and competitive environment," Aiello said of Greene.

Feb 24

3 min

David Greene, Partner in the Firm’s Investment Funds Practice, spoke at the Maples Group’s Investment Funds Forum on February 13. This program focused on the latest trends in the financial sector as well as the market outlook for this industry. David spoke on a panel titled “Infrastructure: Building Blocks for Success.”~~For more information, please click here.

Feb 19

1 min

David J. Greene Weil Gotshal & Manges LLP has announced it hired a former Simpson Thacher & Bartlett LLP private funds attorney, who is joining the team in New York and Washington, D.C., to work on fund formation matters and the operation and management of private investment funds. David J. Greene has been welcomed to Weil as a partner in the firm's private funds group, it said in a statement Monday. He will represent clients in global fundraising matters, in structuring U.S. and international investment and operating platforms, and in negotiating strategic partnerships and co-investments, the firm highlighted. Greene also advises sponsors across the energy, infrastructure, power and renewable industries, and he works with oil and gas sponsors, financial services sponsors, and with other private investment strategies, according to the statement. In an email to Law360 Pulse Tuesday, Greene said his practice is a broad-based, alternative asset management practice that works with all sizes of funds, from startup venture funds to funds valued at over $15 billion. He has worked across a variety of strategies, he said, including with infrastructure, credit, buyouts and secondaries. "Weil's private funds group has a global footprint, with more than 90 full-time dedicated private funds lawyers in the United States and Europe," Greene said. "The firm covers a broad range of the fund sponsor spectrum, from some of the largest, most well-established players to emerging participants. Not only is the practice moving from strength to strength, but I've found my new partners to be wonderfully collegial and friendly. I'm excited to be part of the growth story here at Weil." For Greene, trends in the market are leaning toward innovation and consolidation, with many private equity clients trying "to look around the corner to meet their investor's needs," through new strategies, or structures. "Secondly, consolidation across the industry is continuing to accelerate with a number of recent control deals in the asset management space," he added. "We are uniquely positioned to partner with clients on these assignments by bringing together a multidisciplinary team of M&A, regulatory, private funds and tax practitioners." Andrew Chizzik, co-head of Weil's U.S. private funds group, told Law360 Pulse that Greene's new role "underscores the continued expansion" of the private funds practice, and the level "of market demand we're seeing from sponsors across strategies." "We're advising on an increasingly broad range of [funds], structures and strategic initiatives, and adding a partner of David's quality and experience strengthens our ability to support clients at scale across the global platform," Chizzik said in an email. "In addition to being an outstanding attorney, David is also a wonderful human being, and we couldn't be more excited about him joining our platform." A University of Virginia School of Law graduate, Greene started his career at Latham & Watkins LLP, where he spent more than 12 years. He joined Simpson Thacher in 2017, according to his LinkedIn profile. Barry Wolf, executive partner with Weil, said in a statement that Greene is "a highly accomplished private funds lawyer with deep technical expertise and a strong reputation for client service." "We are thrilled to welcome him to Weil and confident that he will be an excellent substantive and cultural fit both for the private funds group and the firm more broadly," Wolf said. Michael J. Aiello, chair of Weil's corporate department, said in a statement that Greene's "impressive combination of sophisticated fund formation experience and commercial judgment" will be a benefit to the firm's clients. "He has advised a broad spectrum of fund clients, including institutional sponsors, and his arrival strengthens our ability to support clients in today's increasingly complex and competitive environment," Aiello said of Greene.

Feb 24

3 min