23 Mar 2026
Paul Hastings Adds Partner Rachel Shepardson to New York Investment Funds Practice
"Paul Hastings hires partner Rachel Shepardson in New York to its Investment Funds & Private Capital practice; she will focus on fund formation across private equity, credit, real estate and infrastructure."
Arriving from the Chambers Band 1-ranked practice at Paul, Weiss, Shepardson brings more than a decade of experience representing major fund sponsors across private equity, credit, real estate and infrastructure funds. She will work in the firm’s Investment Funds & Private Capital practice and advises fund managers on the formation of a broad range of fund structures, including open-ended and closed-ended funds, evergreen structures, separately managed accounts and co-investment vehicles. Shepardson also routinely counsels clients on seeding arrangements, management company M&A, general partner stake transactions and related regulatory considerations. Legal 500 has identified her as a key lawyer for private equity funds, including venture capital.
Her clients have included Apollo Global Management, Arc Capital Management, Brinley Partners, Catalio Capital Management, General Atlantic, Trio Investment Group and Twin Point Capital. Representative matters include advising Oak Hill Advisors on the formation and $17.7 billion fundraising for OHA Senior Private Lending Fund and advising Brinley Partners on a $4 billion commitment as part of a strategic partnership with a leading U.S. insurance company. Shepardson is the fifth partner to join Paul Hastings’ Investment Funds & Private Capital practice this year, following the recent additions of Joshua Cohen in Chicago, Serge Todorovich and Rachael Hashmall in New York, and David Richardson in London.