Phillip Sacks

Phillip Sacks is managing partner of Dechert's Dubai office and advises financial institutions, fund managers and leading sovereign wealth funds on the structuring, formation and liquidation of onshore and offshore investment funds. His practice spans conventional and Shari'a-compliant vehicles, including private equity, private credit, hedge, infrastructure, real estate and venture capital funds. Mr. Sacks brings deep experience in structuring parallel and co-investment vehicles, carried interest plans and regulated asset management entities across the Middle East and globally.

Before leaving to serve as an investment funds and asset management partner at another global law firm, Mr. Sacks practiced out of Dechert’s Dubai office for more than seven years. Earlier in his career, he advised on the laws of the Cayman Islands and the British Virgin Islands at an international finance center firm, and had prominent roles at leading law firms in Australia and Bahrain.

ADIB Capital and Abu Dhabi Islamic Bank on the establishment of a Sukuk fund in the DIFC.
Ajeej Capital in the restructuring and offering of its flagship hedge fund.
Alkhabeer Capital on the establishment of a Shari’a-compliant private equity fund of funds.
Alliance Bernstein on the establishment and licensing of an advisory firm in the DIFC.
AMP Capital on the establishment of a Shari’a-compliant feeder fund for its credit fund.
Apollo on the establishment and licensing of an advisory firm in the ADGM.
Arcapita Bank B.S.C.(c) and National Bank of Oman SAOG in the formation of a Shari'a-compliant Cayman Islands fund focused on income-producing logistics real estate assets in Oman.
Arcapita on the establishment of several funds, including a U.S. real estate fund.
Azimut on several open-ended funds in the DIFC, including a fixed-income fund and a public sukuk fund.
Azimut on the establishment and licensing of fund managers in the ADGM, DIFC and Saudi Arabia.
A UAE sovereign wealth fund on over US$1 billion of commitments to private investment funds and co-investments.
A UAE sovereign wealth fund on the establishment and licensing of a fund manager in the ADGM and the establishment of a venture capital fund in the ADGM.
Celtic Therapeutics Management, L.L.L.P on the establishment of a US$500 million private equity fund focusing on pharmaceuticals.
Citco Fund Services on the establishment of its DIFC office.
Dubai Silicon Oasis Authority on the establishment of a US$50 million venture capital fund focusing on IT companies in the MENA region. Representation included structuring and establishing a carried interest plan for the management team.
Duet MENA Limited and Investbridge Capital on the formation of a credit fund to finance completion of real estate projects in the GCC.
Eastgate Capital Group Limited on the establishment of a Saudi Arabian private equity fund focusing on companies in Saudi Arabia and the GCC.
Emirates NBD on the establishment of a REIT.
Emirates NBD on the establishment of a REIT in the DIFC.
Empira on the establishment and licensing of a representative office in the DIFC.
Eshara Capital on the establishment of a US$200 million hedge fund structured as a Cayman Islands segregated Portfolio Company.
Frontier Investment Management Partners on the establishment of several funds, including a logistics fund and a fixed income fund.
Gateway Investment Management on the establishment of several funds, including real estate funds in the DIFC and fixed income funds in the Cayman Islands.
Global Partners on the establishment of a US$250 million property development fund.
Gulf Finance House B.S.C. on the establishment of several open-ended and closed-ended funds, including Shari'a-compliant funds, real estate funds and commodity-focused funds.
Hamilton Lane in respect of the marketing and offering of fund products in the GCC region.
Huet Capital, a Swiss-based fund manager, in connection with the formation and reorganization of several BVI hedge funds.
Jadwa Investment Company on the establishment of a Saudi Arabian real estate fund focusing on real estate in Riyadh and the restructuring of a UK real estate fund.
Jadwa Investment on the establishment of several Shari’a-compliant funds, including a private equity fund and a venture capital fund.
KFH on the establishment of several U.S. real estate funds.
Lakemore Partners on the establishment of several credit and CLO funds, including a US$550 million U.S. CLO equities fund.
Lakemore Partners on the establishment of several real estate and hospitality funds, including a US$250 million U.S. hospitality fund.
Lesha Bank on the establishment of several Shari’a-compliant funds, including a credit fund and a private equity fund.
Lesha Bank on several fund investments and co-investments.
Lord Abbett on the establishment and licensing of an advisory firm in the DIFC.
Macquarie Capital in respect of UAE asset management and regulatory matters.
Massaleh Investments in the establishment of a Cayman Islands hedge fund.
Merchantbridge Group, a Middle East investment group, in connection with its corporate reorganization, involving the disposal and acquisition of interests in numerous corporate assets in various jurisdictions, including the sale of its US$640 million minority stake in Asiacell, an Iraqi telecommunication company.
Morood LLC, a Saudi-based family office, in connection with the establishment of a Cayman Islands segregated Portfolio Company with multiple investment strategies including private equity, venture capital and real estate.
National Bank of Abu Dhabi P.J.S.C. on the establishment of an open-ended fund of funds.
Natural Ventures on the establishment and licensing of a fund manager in the ADGM and the establishment of a venture capital fund in the ADGM.
NBK Capital on the establishment of a US$300 million Cayman Islands private equity fund focusing on middle market companies in the MENA region.
NBK Capital on the establishment of a US$350 million private equity fund.
Niyama Capital on the establishment of a private equity and real estate fund structured as a protected cell company in the ADGM.
PineBridge Investments Middle East in the formation and offering of an income-producing GCC real estate fund.
Quantum Investment Bank Limited on the establishment of a US$100 million Shari'a-compliant private equity fund.
Sandell Asset Management Corp on the merger and reorganization of a US$7 billion hedge fund and a US$1 billion hedge fund, and the establishment of a BVI hedge fund focusing on distressed debt.
SHUAA Capital psc on the establishment of an AED 200 million credit fund focusing on SMEs in the United Arab Emirates.
Sovereign on its global investments in hedge funds and private equity funds.
Sweid & Sweid on the establishment of a US$250 million property development fund.
Swicorp Company on the establishment of a Cayman Islands hedge fund that will invest in listed equities and the establishment of an open-ended Saudi Arabian fund that willinvest in listed equities in the MENA region.
Tourism Development & Investment Company, an Abu Dhabi quasi-governmental body, on the establishment of a US$500 million infrastructure fund focusing on investments in Abu Dhabi together with the establishment of a UAE management company.

Includes matters handled at Dechert or prior to joining the firm.