23 Mar 2026
Paul Hastings Strengthens Global Funds Platform with Rachel Shepardson as New York Partner
"Paul Hastings hires Rachel Shepardson as a partner in New York to join its Investment Funds & Private Capital practice, advising fund sponsors on formation and high‑level transactions across private equity, credit, real estate and infrastructure."
Shepardson arrives from the Chambers Band 1‑ranked practice at Paul, Weiss. She brings more than a decade of experience representing major fund sponsors across a range of investment strategies, including private equity, credit, real estate and infrastructure. She specializes in fund formation and routinely advises on a broad spectrum of fund structures — open‑ended and closed‑ended funds, evergreen structures, separately managed accounts and co‑investment vehicles — as well as 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, Arc Capital Management, Brinley Partners, Catalio Capital Management, General Atlantic, Trio Investment Group and Twin Point Capital. Representative matters cited 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.