David L. Goret Partner

New YorkNew Jersey
T 646.414.6837 | F 973.597.2475



Co-chair, Regulatory and Compliance

David advises hedge fund and private equity clients on regulations and operations. He focuses on the development of compliance and operating policies and procedures, and provides guidance for managing related issues on an ongoing basis.

He brings extensive hands-on operating experience and perspective to his legal work in global business as the former General Counsel and Chief Compliance Officer of GSC Group, a large multistrategy asset manager with operations in the U.S. and Europe. At GSC Group, David oversaw a legal and compliance infrastructure encompassing the formation, operation, and administration of U.S.- and Europe-based private equity funds; U.S.- and UK-based collateralized loan obligations; and primarily U.S.-based hedge funds, structured credit funds, and real estate funds. David’s direct knowledge of the inner workings of compliance issues gives him unique insight into the judgment calls and operating decisions his clients must make on a daily basis. He has also worked extensively with his clients’ portfolio companies on transactional and financing matters.

Throughout his legal career, David has conceptualized, implemented, and administered a broad variety of business relationships, commercial transactions, and legal and compliance operating infrastructures. He has completed numerous high-level private fund organizations, private placements, mergers, acquisitions, and other corporate finance transactions, with values ranging from $10 million to over $1 billion. David has also worked extensively with business development companies (BDCs) on regulatory and compliance matters, as well as lending transactions. A tech enthusiast and general counsel of several startups that went public or were sold early in his career, David also works closely with management of several early stage companies as a trusted legal and business consigliore.


Representative Engagements

Represented Medical Specialties Distributors, LLC, a New Mountain Capital portfolio company, in its acquisition of First Choice Medical Holdings, Inc.
Represents numerous fund managers in establishing leading Investment Advisers Act compliance programs and in Securities Exchange Commission regulatory examinations.
Represented Presbia PLC (NASDAQ: LENS) in connection with its restructuring and reorganization in Ireland and its initial public offering in the U.S. Presbia is a medical device company focused on the development of the presbyopia-correcting Presbia Flexivue Microlens™ – an innovative solution for the common age-related loss of the ability to read or focus on near objects.
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Other Distinctions

  • The Legal 500 (2011) — Recognized in the investment fund formation and management category.

Speaking Engagements

  • Moderator, Lowenstein Sandler’s Investment Management Breakfast Series “D&O Insurance: What You Don’t Know Can Cost You,” November 11, 2015

  • Moderator, "Evolving Regulatory and Compliance Issues," Lowenstein Sandler & ACA Compliance Group's CCO Roundtable, March 20, 2013

  • Speaker, "Regulatory Updates and Compliance Hot Topics," ACA Spring Compliance Conference, April 25-27, 2012

  • Moderator, "Chief Compliance Officer Roundtable," ACA Compliance Group/Lowenstein Sandler Roundtable, March 6, 2012

  • Panelist, "Regulatory Updates and Compliance Hot Topics," ACA Compliance Fall Conference, September 12-13, 2011

Publications

Regulation Crowdfunding: SEC Adopts Final Rules Opening Door to Internet Sales to Non-Accredited Investors
Investment Management Client Alert, November 10, 2015
David Goret, Bettina Elstroth, Ted McBride
SEC Proposes New Rule to Eliminate Ban on General Solicitation
Investment Management Client Alert, August 29, 2012
Scott Moss, David Goret
Dodd-Frank Act Rulemaking - SEC Issues Order Adjusting Dollar Amount Thresholds For Qualified Client Rule Under the Advisers Act
Investment Management Client Alert, July 19, 2011
Scott Moss, Marie DeFalco, David Goret
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Press Mentions

Lowenstein Sandler's addition of David L. Goret as Member of the Firm's Investment Management Group is highlighted. , National Law Journal , March 8, 2010

Related Areas

Corporate
Debt Finance
Fund Formation
Hedge Funds
Investment Management
Mortgage Banking and Finance
Real Estate
Securities Offerings
Venture Capital, Angel Investing, and M&A

Education


University of Michigan Law School ( J.D. , 1988 )
Duke University ( B.A. , 1985 ) , magna cum laude

Bar Admissions


New York
New Jersey