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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 institutional investors in connection with their alternative asset investment programs, including primary investments, co-investments and secondary investments in private investment funds.  In particular, Brad has nearly two decades of 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 regularly represents secondary funds and other 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 / buyer side in private investment fund 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, Apogem Capital, Argosy Strategic Partners, Ballast Equity Partners, Banner Ridge Partners, CalSTRS, CF Private Equity, Churchill Asset Management, CVC Secondary Partners, GCM Grosvenor, Global Endowment Management, Headlands Capital, HQ Capital, JPMorgan Asset Management, Mesirow Private Equity, Origami Capital Partners, Pathway Capital Management, RCP Advisors, Spyglass Capital, StepStone Group, State of Wisconsin Investment Board, Twin Bridge Capital Partners, Willowridge Partners

  • 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 (2024–2025) and Private Equity: Fund Formation (2024–2025)

Capabilities

Private Investment Funds
Transactions
Private Equity
Financial Services

Key Matters

Representative clients: 

50 South Capital Advisors, Adams Street Partners, Apogem Capital, Argosy Strategic Partners, Ballast Equity Partners, Banner Ridge Partners, CalSTRS, CF Private Equity, Churchill Asset Management, CVC Secondary Partners, GCM Grosvenor, Global Endowment Management, Headlands Capital, HQ Capital, JPMorgan Asset Management, Mesirow Private Equity, Origami Capital Partners, Pathway Capital Management, RCP Advisors, Spyglass Capital, StepStone Group, State of Wisconsin Investment Board, Twin Bridge Capital Partners, Willowridge Partners

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: 

    • "Deal Value Rockets with Record-Breaking Year," Secondaries Investor Law Firm Survey 2025, May 21, 2025
    • "Tariffs and Secondaries," SecondaryLink, April 30, 2025
    • "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
    Client Alert
    Sovereign Wealth Fund Sues PE Firm over Continuation Vehicle Process

    December 15, 2025

    Sponsorship
    Winston & Strawn Sponsors the Private Equity Chicago Forum

    August 5, 2025

    Recognitions

    Winston & Strawn Recognized in Chambers USA 2025

    June 5, 2025

    In the Media

    Brad Mandel Quoted in 2025 Secondaries Investor Law Firm Survey

    May 27, 2025

    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

    View All Insights & News

    Capabilities

    Private Investment Funds
    Transactions
    Private Equity
    Financial Services
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