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B. Clay Hall

Counsel
+1.206.370.5774
Fax +1.206.370.6264
Clay Hall's practice at K&L Gates primarily focuses on providing legal counsel to clients making substantial investments in private equity funds. Clay represents large institutional investors that are directing a portion of their portfolios into managed funds investing in venture capital, buyout, and real estate opportunities. He has provided advice to clients making direct fund investments and secondary market purchases. He has also worked on several transactions by which clients have acquired ownership interests in the fund's management entity.

Professional Background

Clay draws upon his years of practice as a business attorney with diverse experience in technology-oriented fields. He has acted as a special project advisor reviewing documents related to anti-trust and technology licensing litigation on behalf of a major software company. Prior to joining the firm, Clay was a tax law analyst and product development manager at a $20 million software company developing tax compliance solutions for accountants and tax professionals. He gained international practice experience as an associate with a law firm in Taipei, Taiwan primarily representing a large Chinese power company in drafting multi-million dollar contracts. Early in his legal career, he served as Chief Administrative Law Judge at a state utility commission hearing cases and preparing orders related to utility regulatory matters, most notably, a case involving the cancellation of a $4.3 billion nuclear power plant.

  • Analyzed investment documents and provided legal advice with respect to multi-million dollar investments in numerous private equity funds on behalf of:
    • California Public Employees' Retirement System
    • Washington State Investment Board
    • Frank Russell Capital, Inc.
    • California Emerging Ventures, LLC
    • University of Washington
  • Represented California Public Employees' Retirement System in a successful transaction to purchase limited partnership interests in the secondary market.
  • Acquisition by California Public Employees' Retirement System of a minority equity interest in The Carlyle Group, Washington DC.
  • Acquisition by California Public Employees' Retirement System of a minority equity interest in Yucaipa American Funds, LLC, Los Angeles, CA.