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  1. Professionals

Bradley S. Mandel

Partner

Co-Chair, Secondaries and Liquidity Solutions

Chicago

+1 312-558-7218

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  • Overview
  • Experience
  • Credentials
  • Insights & News

Brad focuses his practice on representing both sponsors and institutional investors in all matters relating to the formation of private investment funds.  Brad also has deep experience representing buyers, sellers and fund sponsors in the growing secondary market, including representing both buyers and sellers in ‘traditional’ secondary transactions and sponsors and investors in GP-led fund restructurings and other complex structured secondaries.

Brad has more than two decades of experience in all aspects of the formation of private investment funds, including buyout funds, venture capital funds, fund of funds, credit funds, and real estate funds. He assists sponsors in forming, operating, and investing such funds. Brad also regularly represents institutional investors (including funds of funds, endowments, pensions, private foundations, and family offices) in investing in private investment funds, both in primary and secondary transactions, as well as in their review of co-investment opportunities alongside lead private equity sponsors. Brad’s experience on the investor side in fund formation matters affords him with a unique awareness and understanding of what’s “market” in primary, secondary and co-investment transactions.

Key Matters

Representative clients: 

50 South Capital Advisors, Adams Street Partners, Argosy Strategic Partners, Banner Ridge Partners, CalSTRS, Churchill Asset Management, Commonfund, Freeport Financial Partners, GCM Grosvenor, GCP Capital Partners, Glendower Capital, HQ Capital, Mesirow Private Equity, Origami Capital Partners, RCP Advisors, Spyglass Capital, StepStone Group, State Board of Wisconsin, U.S. Realty Advisors, Willowridge Partners, WILsquare Capital

  • Recognized, The Legal 500 US, as a "key lawyer" in Investment Fund Formation and Management: Private Equity Funds (2018–2024)
  • Recognized, Chambers USA, in the area of Investment Funds: Investor Representation (2024) and Private Equity: Fund Formation (2024)

Advisory Board Member – Thomson Reuters Buyouts PE/VC Partnership Agreements Study (2014–2015)

Capabilities

Private Investment Funds
Public Companies
Transactions
Financial Services
Cryptocurrencies, Digital Assets & Blockchain Technology

Key Matters

Representative clients: 

50 South Capital Advisors, Adams Street Partners, Argosy Strategic Partners, Banner Ridge Partners, CalSTRS, Churchill Asset Management, Commonfund, Freeport Financial Partners, GCM Grosvenor, GCP Capital Partners, Glendower Capital, HQ Capital, Mesirow Private Equity, Origami Capital Partners, RCP Advisors, Spyglass Capital, StepStone Group, State Board of Wisconsin, U.S. Realty Advisors, Willowridge Partners, WILsquare Capital

Credentials

Education

Brad received his J.D. in 2001 from the Fordham University School of Law, where he was Associate Editor of the Fordham Environmental Law Journal and a B.S. in 1998 in Business Management from Cornell University.

    Admissions
    • Florida
    • Illinois
    • New York

    Related Insights & News

    Brad's recent media commentary includes the following: 

    • "GP-Leds Boom as Expectations for Credit Secondaries Surge," Secondaries Investor Law Firm Survey 2024, June 20, 2024
    • "The Co‑Investment Continuum: Direct and Indirect Structures That Empower LPs (Part Two of Two)," Private Equity Law Report, April 28, 2020
    • "The Co‑Investment Continuum: Structures That Give GPs More Control and Discretion (Part One of Two)," Private Equity Law Report, April 21, 2020
    Press Release
    Winston & Strawn Launches Secondaries and Liquidity Solutions Group

    May 6, 2025

    In the Media

    Brad Mandel Discusses Potential Impacts of Tariffs on the Secondary Market with SecondaryLink

    May 5, 2025

    Sponsorship
    Winston & Strawn Sponsors the Chicago Private Markets Meeting

    March 13, 2025

    Recognitions

    Winston Recognized in Chambers Global 2025

    February 25, 2025

    Sponsorship
    Winston Sponsors iGlobal Forum’s Secondaries Investing Summit

    November 20, 2024

    Sponsorship
    Winston & Strawn Hosts Accelerate Investors Fall Investor Insights Summit

    October 15, 2024

    In the Media
    Brad Mandel Quoted in 2024 Secondaries Investor Law Firm Survey

    June 21, 2024

    Recognitions
    Winston & Strawn Recognized in The Legal 500 U.S. 2024

    June 12, 2024

    Recognitions
    Winston & Strawn Recognized in Chambers USA 2024

    June 6, 2024

    In the Media
    Brad Mandel Discusses AI in Private Fund LP Secondaries with Secondaries Investor

    September 4, 2023

    Recognitions
    Winston & Strawn Recognized in The Legal 500 U.S. 2023

    June 7, 2023

    Recognitions
    Winston Wins 2022 Alice Paul Award for Dedication to Women’s Rights Through Pro Bono Support

    November 21, 2022

    View All Insights & News

    Capabilities

    Private Investment Funds
    Public Companies
    Transactions
    Financial Services
    Cryptocurrencies, Digital Assets & Blockchain Technology
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