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Lowenstein Sandler LLP

David L. Goret

David L. Goret

Partner
Co-chair, Fund Regulatory & Compliance

Lowenstein Sandler LLP
New York, U.S.A.

tel: 646.414.6837
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Local Time: Sun. 19:48

Profile

David advises hedge fund and private equity clients on the full panoply of issues facing sophisticated, complex investment managers including various types of transactions (mergers, acquisitions and lending transactions), as well as a broad range of legal, compliance and operating concerns.  Clients value his counsel, referring to David as “fabulous” and a “client relationship superstar” (Chambers USA).

He brings extensive hands-on operating experience and perspective to his legal work in global business as the former General Counsel and Chief Compliance Officer of GSC Group, a large multistrategy asset manager with operations in the U.S. and Europe.  At GSC Group, David oversaw a legal and compliance infrastructure encompassing the formation, operation, and administration of U.S. - and Europe-based private equity funds; U.S. - and UK-based collateralized loan obligations; and primarily U.S.-based hedge funds, structured credit funds, and real estate funds.

David's direct knowledge of the inner workings of a complex investment management firm gives him unique insight into the judgment calls and operating decisions his clients must make on a daily basis.  He has also worked extensively with his clients' portfolio companies on transactional and financing matters.

Throughout his legal career, David has conceptualized, implemented, and administered a broad variety of business relationships, transactions, and legal and compliance operating infrastructures.  He has completed numerous private fund organizations, private placements, mergers, acquisitions, public offerings, securitizations and other corporate finance transactions, with values ranging from $10 million to over $1 billion.  David has also worked extensively with business development companies (BDCs) on regulatory and compliance matters, as well as lending transactions.

A tech enthusiast and general counsel of several startups that went public or were sold early in his career, David also works closely with management of several early stage companies as a trusted legal and business consigliere.

David hosts the Lowenstein Sandler Investment Management Breakfast Series, a series of invitation-only quarterly programs in which senior legal and compliance professionals convene to compare notes on their approaches to key compliance concerns facing leading investment managers.

Bar Admissions

    New York
    New Jersey

Education

University of Michigan Law School (J.D. 1988)
Duke University (B.A. 1985), magna cum laude
Areas of Practice
Professional Career

Significant Accomplishments

Represented W2O Group, a New Mountain Capital portfolio company and provider of analytics-driven, digital-first marketing services and communications to the healthcare sector, in connection with the acquisition of Radius Medical Animation LLC a scientific creative agency that designs interactive and immersive digital media for educational purposes within the healthcare and pharmaceutical industries.

Represented W2O Group, a New Mountain Capital portfolio company and provider of analytics-driven, digital-first marketing services and communications to the healthcare sector, in connection with W2O Group’s acquisition of Arcus Global Media LLC, a medical communications consulting company with expertise in oncology, hematology, transplants and rare diseases.

Represented New Mountain Finance Corporation (NYSE: NMFC), a business development company, in connection with the restructuring and acquisition of National HME, Inc., a leading provider of medical equipment solutions to the hospice market.

Represented Lawfinance Limited, formerly JustKapital Limited (ASX: LAW), a leading Australian provider of litigation financing solutions, in connection with the acquisition of National Health Finance, a leading provider of financing solutions for personal injury victims in the U.S.

Represented Revint Solutions, a New Mountain Capital portfolio company and industry leader in revenue recovery and consulting services to the healthcare industry, in connection with the acquisition of each of AcuStream, a revenue assurance specialty company dedicated to the healthcare industry, and CloudMed, a revenue assurance company specializing in the inpatient coding and documentation side of the healthcare revenue cycle.

Represented Topix Pharmaceuticals, a New Mountain Capital portfolio company and independent leader in skincare products, in connection with the acquisitions of Derma E and Clarity Clinical Skin Care, Inc. (dba “ClarityRx”), two rapidly growing California-based natural skincare companies.

Represented AMP Capital, an Australia-based investment manager, in connection with its minority investment in United Capital, a Newport Beach, California-based investment manager.

Represented Medical Specialty Distributors, a New Mountain Capital portfolio company and provider of medical supplies, biomedical services, and technology solutions to the post-acute market, in the acquisition of medical supplies and biomedical service providers, First Choice Medical Holdings, Attentus Medical Sales, and Epic Medical.

Represent numerous fund managers in establishing leading Investment Advisers Act of 1940 compliance programs and in Securities Exchange Commission regulatory examinations.

Represented Presbia PLC (Nasdaq: LENS), a medical device company focused on the development of the presbyopia-correcting Presbia Flexivue Microlens™, in connection with its restructuring and reorganization in Ireland, its initial public offering and subsequent financings in the U.S.

Represented Boulevard Arts, an early stage company that brings the arts to life through virtual, augmented and mixed reality, in connection with its formation, seed and subsequent financings, and its agreements with some of the world’s leading museums and cultural institutions as well as VR, AR and MR suppliers.

Represented internet search company Teoma Technologies in connection with its formation, private financing, and ultimate sale to Ask.com (now part of IAC (Nasdaq: IACI).

Represented software company Mercator Software (NasdaqMCTR) in connection with its sale to Ascential Software Corporation (NasdaqASCL), now part of IBM Corporation (NYSE: IBM).

Represented technology, infrastructure, and services company Icon CMT Corp. (Nasdaq: ICMT) in connection with its private financing transactions, initial public offering, and ultimate merger with Qwest Communications (NYSE: Q), now part of CenturyLink (NYSE: CTL).

Speaking Engagements

The Investment Management Group is hosting its quarterly program designed to assist a select audience of chief legal and compliance officers in addressing important legal and regulatory issues and related operating challenges unique to investment managers. In this series, David Goret and R. Scott Thompson will lead a roundtable discussion of the issues confronted by senior legal and compliance professionals in the administration of their compliance programs. The program, entitled "Not Just Another Day at the Office: Managing Compliance Red Flags and Avoiding Enforcement Actions," will discuss the challenges investment managers face as a result of growing regulatory scrutiny and an expansive regulatory agenda as evidenced by recent enforcement actions.

Our quarterly breakfast programs provide a forum to a select audience of chief legal and compliance officers to discuss important legal and regulatory issues, and related operating challenges, unique to investment managers.

Please join Lowenstein Sandler partners David Goret, Scott Moss, and Benjamin Kozinn as they lead a roundtable discussion in which senior legal and compliance professionals compare notes on their approaches to key compliance concerns facing leading investment managers.

Our breakfast programs provide a forum to a select audience of chief legal and compliance officers to discuss important legal and regulatory issues, and related operating challenges, unique to investment managers.

For more information, email [email protected]

Join Lowenstein partner Marie T. DeFalco, speaker at the 2019 IvyFON Full-Day Seminar, an event dedicated to sharing insights and improving the overall knowledge of the family office and institutional investor class.

Speakers:

  • Marie T. DeFalco, Lowenstein Sandler LLP
  • Andreas Bodmeier, Chicago Atlantic Group
  • Ed Schmults, Calyx Peak Companies
  • Bob Stefanski, eLab Ventures


Time:
8 a.m.-4:30 p.m.

Location: Lowenstein Sandler, 1251 Avenue of the Americas, New York, New York 10020



Professional Activities and Experience

Accolades
  • The Legal 500 - Goret

Articles

    Avoid Playing Catch-Up As a CCO, May 10, 2010
    Comprehensive Financial Industry Regulatory Reform Moves Forward in the U.S. Senate, May 25, 2010
    Dodd-Frank Act Rulemaking — SEC and CFTC Release Proposed Rule Relating to Private Fund Systemic Reporting, February 1, 2011
    Dodd-Frank Act Rulemaking - SEC Issues Order Adjusting Dollar Amount Thresholds For Qualified Client Rule Under the Advisers Act, July 19, 2011
    Dodd-Frank Act Rulemaking – SEC Proposes Revisions to "Qualified Client" Rule Under the Advisers Act, May 18, 2011
    Dodd-Frank Act Rulemaking - SEC Releases Proposed Rules Relating to Oversight of Investment Advisers, November 23, 2010
    Dodd-Frank Bill Moves Toward Passage: Highlights of the Investment Adviser Registration Requirements, Accredited Investor Standard and the Volcker Rule, July 14, 2010
    Dodd-Frank Rulemaking: SEC Releases Proposed Rules Clarifying Certain Registration Exemptions and Planning for the Transition of Mid-Sized Investment Advisers, December 2010
    New California Law Requires Placement Agents and Some Investment Advisers to Register as Lobbyists, December 16, 2010
    Regulation Crowdfunding: SEC Adopts Final Rules Opening Door to Internet Sales to Non-Accredited Investors, November 10, 2015
    SEC "Pay to Play" Rules Restrict Political Contributions by Investment Advisers, July 22, 2010
    SEC Proposes New Rule to Eliminate Ban on General Solicitation, August 29, 2012
    SEC Redesigns Form ADV, Part 2: Expanded, Narrative-Style Disclosure Will Be Publicly Available on SEC Website, August 6, 2010
    Using Compliance Training to Establish Compliance DNA - A Practical Approach, July 2010

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

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