David Sussman Bio

David A. Sussman is the managing partner of Duane Morris' North Jersey office. Mr. Sussman chairs the firm's Investment Funds practice and serves as a team lead for its Private Equity industry group. He also is a member of the firm's governing Partners Board. Mr. Sussman’s practice focuses on private equity. He regularly counsels sponsors of investment funds in connection with their fund offerings, including advising on fund terms and negotiating with high net worth and institutional investors. He also counsels investors in connection with their private equity fund investments, as well as purchases and sales of private equity fund interests on the secondary market. Mr. Sussman works closely with private equity clients to understand their business objectives and help ensure that funds and investments are structured in a tax-efficient manner. He serves as lead U.S. tax counsel structuring private equity funds, hedge funds, real estate funds and venture capital funds, weighing the tax characteristics of the funds’ sponsors, investors and investments. Mr. Sussman regularly advises private equity funds in connection with tax planning and negotiations related to funds’ portfolio investments. As part of his tax counseling, he advises fund sponsors on maximizing returns for their investors on a net basis, as well as in connection with their carried interest. In addition to his private equity experience, Mr. Sussman counsels both startup and established company clients on business and tax strategy and matters relating to operations. His clients include companies in the education, financial services and real estate industries. Specifically, in the real estate industry, he represents developers and investors in matters related to REIT structures (including UpREIT and DownREIT structures) and sophisticated and complex real estate joint ventures. Mr. Sussman received an LL.M. in 2001 from New York University School of Law. He is a 1996 cum laude graduate of New England School of Law and a graduate of the University of North Carolina at Chapel Hill. He was nationally ranked as a junior tennis player and was a member of UNC’s 1990 Atlantic Coast Conference Championship Team.