Patrick (Jay) Spinola, Jr. is a partner in the Asset Management Department with over 20 years of experience counseling registered investment companies, their boards and their sponsors. Jay focuses on the organization and offering of registered investment companies, and counseling funds and their sponsors in all aspects of their ongoing operations. He has significant experience advising clients that offer specialized investment funds, such as exchange-traded funds (ETFs), registered funds of private funds, interval funds and novel investment products. He provides advice to clients on the full range of issues that funds, their boards and advisers encounter day-to-day, including regulatory and compliance matters, contract approvals, disclosure issues, and restructuring and financing transactions. He frequently advises closed-end funds regarding secondary offerings and other capital markets transactions, along with strategies to address market discounts and dealings with activist investors.