Jones Day adds partner to PE practice

Law firm Jones Day has named Thomas M. Devaney as a partner for the firm’s private equity practice. He will work in the firm’s New York office.


Washington, DC — November 13, 2019 — The global firm Jones Day announces that Thomas M. Devaney has joined its New York Office as a partner in the Firm’s Private Equity Practice.

Mr. Devaney works with sponsors and the management teams of private funds with respect to transactional matters and U.S. securities laws and regulations in forming private funds, fundraising and investor subscriptions, and fund administration and operations. He represents U.S. domestic and global private equity, private credit, real estate, infrastructure and venture capital funds, and hedge funds with a broad range of investment strategies. He has also represented a number of institutional investors, including a number of active sovereign wealth funds, on a range of private fund investments and co-investment transactions, including with respect to complex anchor and seeing arrangements.

“After twenty years of practice focused on private capital formation and investment management businesses, I am excited to bring the full benefit of the substantial global reach of Jones Day to our private capital clients,” said Thomas Devaney. “I am extremely pleased to be a partner of Jones Day’s renowned private equity, and commercial and financial services practices.”

“Tom’s versatility and wide array of experience make him an excellent addition to our team, and he is the perfect complement to our global fund formation practice,” said Andrew Levine, who co-leads Jones Day’s Private Equity Practice. “We are thrilled that he has joined our New York Office.”

Mr. Devaney has practiced as a private funds attorney in Silicon Valley and New York, advising clients on private securities offerings, including cross-border investment and strategic financing transactions. He has also counseled clients on the formation, organization and operation of domestic and international fund management firms, using a broad range of domestic and offshore entities.

Mr. Devaney has also advised a number of clients on seed investor arrangements relating to newly formed private fund sponsors across a range of strategies, as well as “lift out” transactions involving teams of professionals and existing portfolios (including deals in progress) in connection with simultaneous investments by secondary funds and other institutional sources.

“Tom’s arrival strengthens our already talented group of lawyers and gives our clients the benefit of his extensive experience in domestic and foreign fund matters,” said Wesley R. Johnson Jr., Partner-in-Charge of Jones Day’s New York Office.

Jones Day is a global law firm with more than 2,500 lawyers in 43 offices across five continents. The Firm is distinguished by: a singular tradition of client service; the mutual commitment to, and the seamless collaboration of, a true partnership; formidable legal talent across multiple disciplines and jurisdictions; and shared professional values that focus on client needs.