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Doug Elsbeck is a partner in King & Spalding’s Corporate, Finance and Investments practice with a specialty in Private Funds.

Doug Elsbeck’s practice focuses on representing established and new fund sponsors and other investment advisers in the formation of private investment funds, joint ventures, separate accounts and other vehicles for investment in real estate, debt, energy and other industries.

Doug also advises clients in the structuring and formation of fund sponsors, including related co-investment and carried interest vehicles, and provides counsel on compliance matters under the Investment Company Act of 1940 and the Investment Advisers Act of 1940.  Doug also has experience with mergers and acquisitions, strategic investments and secondary transactions. 

Full Bio

Credentials

J.D., The University of Texas at Austin, with honors

B.A., Economics, DePauw University, Magna Cum Laude

New York

Matters

Representation of Asana Partners in the formation of Asana Partners Fund I, a $500 million closed-end fund investing in retail assets throughout the U.S.

Representation of a fund sponsor in the formation of an open-end fund for investment in industrial real estate

Representation of a fund sponsor in establishing a closed-end fund with a primary focus on providing mezzanine financing to lower middle-market companies in the U.S.

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Matters

Representation of Asana Partners in the formation of Asana Partners Fund I, a $500 million closed-end fund investing in retail assets throughout the U.S.

Representation of a fund sponsor in the formation of an open-end fund for investment in industrial real estate

Representation of a fund sponsor in establishing a closed-end fund with a primary focus on providing mezzanine financing to lower middle-market companies in the U.S.

Representation of Douglas Emmett in connection with the formation of joint ventures to acquire office buildings in Los Angeles for over $2.0 billion

Representation of Clarion Partners’ management in connection with the recapitalization and acquisition of an 83% ownership stake by Legg Mason for $585 million

Representation of Carter & Associates in the formation of a joint venture with Hunt Investment Management to acquire land and develop a mixed-use property in Sarasota, Florida

Representation of Berkshire Realty Ventures in the formation of a fund to invest in real estate operating platforms

Representation of a fund sponsor in establishing a $500 million separate account with a sovereign wealth fund for investment in U.S. real estate

Representation of Prologis in the formation of a $1 billion joint venture between Prologis and Norges Bank Investment Management to invest in industrial real estate in the U.S., and follow-on equity in the joint venture to fund the acquisition of KTR Capital Partners for a purchase price of $5.9 billion

Representation of Haddington Energy Partners in the formation of a private equity fund focused on mid-stream energy assets with aggregate commitments in excess of $350 million

Representation of Prologis in connection with the formation of a separate account for OPERF to invest in Prologis funds

Representation of Paladin Realty Latin America Investors III in connection with a $65 million credit facility with the Overseas Private Investment Corporation, an agency of the U.S. government

Representation of Paladin Realty Partners in connection with the formation of Paladin Realty Brazil Investors III, a $100 million closed-end fund investing in Brazilian real estate

Representation of Arcapita Bank in connection with a sale of interests in five of Arcapita’s portfolio companies to funds managed by an undisclosed secondary market private equity firm

Representation of BlackRock in connection with the ongoing operations of five global real estate private equity funds acquired from MGPA Limited

Representation of GE Capital Real Estate in connection with the ongoing operations of a co-sponsored fund participating in the U.S. Treasury’s Public Private Investment Partnership (PPIP) program

Representation of various fund sponsors in connection with sponsor-level structuring, formation and other strategic transactions

Matters

Representation of Asana Partners in the formation of Asana Partners Fund I, a $500 million closed-end fund investing in retail assets throughout the U.S.

Representation of a fund sponsor in the formation of an open-end fund for investment in industrial real estate

Representation of a fund sponsor in establishing a closed-end fund with a primary focus on providing mezzanine financing to lower middle-market companies in the U.S.

See more

Close

Matters

Representation of Asana Partners in the formation of Asana Partners Fund I, a $500 million closed-end fund investing in retail assets throughout the U.S.

Representation of a fund sponsor in the formation of an open-end fund for investment in industrial real estate

Representation of a fund sponsor in establishing a closed-end fund with a primary focus on providing mezzanine financing to lower middle-market companies in the U.S.

Representation of Douglas Emmett in connection with the formation of joint ventures to acquire office buildings in Los Angeles for over $2.0 billion

Representation of Clarion Partners’ management in connection with the recapitalization and acquisition of an 83% ownership stake by Legg Mason for $585 million

Representation of Carter & Associates in the formation of a joint venture with Hunt Investment Management to acquire land and develop a mixed-use property in Sarasota, Florida

Representation of Berkshire Realty Ventures in the formation of a fund to invest in real estate operating platforms

Representation of a fund sponsor in establishing a $500 million separate account with a sovereign wealth fund for investment in U.S. real estate

Representation of Prologis in the formation of a $1 billion joint venture between Prologis and Norges Bank Investment Management to invest in industrial real estate in the U.S., and follow-on equity in the joint venture to fund the acquisition of KTR Capital Partners for a purchase price of $5.9 billion

Representation of Haddington Energy Partners in the formation of a private equity fund focused on mid-stream energy assets with aggregate commitments in excess of $350 million

Representation of Prologis in connection with the formation of a separate account for OPERF to invest in Prologis funds

Representation of Paladin Realty Latin America Investors III in connection with a $65 million credit facility with the Overseas Private Investment Corporation, an agency of the U.S. government

Representation of Paladin Realty Partners in connection with the formation of Paladin Realty Brazil Investors III, a $100 million closed-end fund investing in Brazilian real estate

Representation of Arcapita Bank in connection with a sale of interests in five of Arcapita’s portfolio companies to funds managed by an undisclosed secondary market private equity firm

Representation of BlackRock in connection with the ongoing operations of five global real estate private equity funds acquired from MGPA Limited

Representation of GE Capital Real Estate in connection with the ongoing operations of a co-sponsored fund participating in the U.S. Treasury’s Public Private Investment Partnership (PPIP) program

Representation of various fund sponsors in connection with sponsor-level structuring, formation and other strategic transactions

Credentials

J.D., The University of Texas at Austin, with honors

B.A., Economics, DePauw University, Magna Cum Laude

New York