Shearman & Sterling represented private equity firm North Cove Partners in its spin off from Bank of America. North Cove will continue to manage over $6 billion of private equity investments on behalf of Bank of America and other investors.

North Cove Partners principals have invested equity capital in 12 portfolio companies since 2004. North Cove targets investments in high-quality, market-leading companies in partnership with company management. The North Cove team will continue to focus on those industries it has successfully targeted in the past: consumer products, energy, financial services, healthcare, industrials and media.

Shearman & Sterling's team was led by partners Laura Friedrich (New York-Investment Funds), Nathan Greene (New York-Investment Funds), Robert Katz (New York-Mergers & Acquisitions), Don Lonczak (Washington, DC-Tax), and Doreen Lilienfeld (New York-Executive Compensation & Employee Benefits); counsel Gregg Rozansky (New York-Financial Institutions Advisory & Financial Regulatory); and associates John Reiss (New York-Investment Funds), Christian Gloger (New York-Investment Funds) and Michael Shin (New York-Investment Funds).