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Paul Schreiber

Of Counsel

Paul who founded the Investment Funds practice over 20 years ago, currently serves as a senior member of the Investment Funds practice.

He has over 40 years of experience representing both U.S. and foreign public and private investment companies, their sponsors, advisors, directors, underwriters and administrators in all their registered fund formations as well as regulatory aspects of fund and investment advisory operations, including new product development. He structured some of the earliest registered funds of hedge funds, among a broad range of highly innovative products. He also has a broad background in corporate finance, securities and futures regulations.

Paul regularly represents fund management organizations and fund families (including Torchlight Investors, Skybridge Capital, Miller/Howard Funds, Shorenstein Properties and Shenkman Capital), independent fund boards (including Blackstone Alternative Funds Independent Trustees and Victory Funds Independent Directors), family offices as well as major sponsors and administrators of offshore funds and their related funds.


Representative matters

SkyBridge Capital as its dedicated fund counsel since its inception in 2002, including advising on the launch of the SkyBridge Multi-Adviser Hedge Fund Portfolios LLC, one of the first and now the largest registered fund of hedge funds. This Fund effectively pioneered the 'SEC registered funds of hedge funds' as an asset class. Providing ongoing investment, regulatory, registration and compliance advice, including assisting in its periodic billion dollar share registrations.

Torchlight Investors LLC and its funds, including Torchlight Debt Opportunity Funds I, II, III, IV and V, Torchlight CMBS Value Fund, Inc. and Torchlight Value Fund Master, LLC.

Miller/Howard Funds in the organization and IPO of its closed-end fund, and the organization and launch of its open-end funds as well as the continued representation of the funds and their boards on all legal, regulatory and compliance matters.

First Eagle Funds as their dedicated fund counsel, including in connection with their shareholder vote process (which included a regulated proxy campaign) in connection with the sale of their investment adviser to a Blackstone-led private equity consortium. This was the largest asset management industry deal in 2015, measured by deal value.

Leadership Positions And Professional Affiliations

  • Member, American Bar Association and its Committee on Commodities Regulation, Corporation and Banking and Business Law Section since 1978
  • Member, New York State Bar Association and the International Bar Association
  • Member, Federal Bar Association
particularly thorny issues as he brings to bear a wider range of experience
Chambers USA, 2017
provides all the technical expertise and diligence necessary to get each job done efficiently
Legal 500, 2016


  • Repeatedly named in Best Lawyers in America, Who's Who in American Law, Who's Who in America and Who's Who in the World
  • Endorsed by Practical Law Company Which Lawyer and named in U.S. Legal 500 (2016)
  • Lectured and written extensively on the Investment Company Act of 1940, ERISA, securities and other financial issues



Attorney-at-Law, New York


New York University School of Law J.D., LL.M.

Editor, Annual Survey of American Law

City College of New York B.S.

A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.