People

Timothy F. Silva

Partner

Chair, Investment Management Practice

Silva, Timothy F.

Tim Silva has more than 19 years' experience providing strategic advice and guidance to firms in the asset management industry, including investment advisers, private fund managers and their principals, and registered funds and their directors and service providers. He is chair of the firm's Investment Management Practice.

Mr. Silva counsels investment advisers, mutual funds and hedge funds regarding SEC compliance, drafting and implementing compliance policies and procedures, structuring and organizing new products, fund reorganization and adoption transactions, seed capital arrangements, and joint ventures and distribution arrangements. In addition, Mr. Silva's practice includes advising clients on mergers and acquisitions in the investment management industry. Mr. Silva also regularly advises traditional operating companies on investment company status matters.

Recent highlights include:

  • Lead transactional counsel to a large financial institution on two significant transactions: (1) the sale of its hedge fund-of-funds business to a global investment management firm, and (2) the sale of its private equity fund-of- funds business to a major mutual fund company
  • Regulatory counsel to an institutional quantitative investment adviser on its sale to a global investment management firm
  • Counsel to the investment banking division of a financial institution in connection with the structuring and formation of an investment adviser and commodity pool operator that utilizes proprietary index-based strategies, including establishment of compliance program and product structuring and formation
  • Counsel to a biotech/healthcare-focused investment advisory firm in connection with the structuring and launch of funds that focus on late-stage private investments
  • Counsel to several investment advisers and hedge fund managers in connection with recent SEC examinations
  • Ongoing representation of a major financial institution in connection with third-party mutual fund distribution platforms and programs
  • Lead transactional counsel to a wealth management firm in its sale to an independent investment advisory firm
  • Ongoing regulatory and compliance counsel to institutional and private fund managers, including long-only, fixed income, long-short equity, emerging/frontier markets, credit/distressed credit and fund-of-funds
  • Counsel to newly formed asset management firm in negotiation of strategic relationship with large hedge fund manager

Honors & Awards

  • Named a "Massachusetts Super Lawyers' Rising Star" in the May 2006 and 2007 issues of Boston Magazine

Publications & News

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February 20, 2018

OCIE Examination Priorities 2018

This Client Alert examines the recently released 2018 examination priorities issued by the SEC's Office of Compliance Inspections and Examinations.

February 24, 2017

Form SHC Deadline Approaching for Investment Advisers and Other Reporters

Investment advisers should take note that they may be required to file Treasury International Capital Benchmark (TIC) Form SHC by Friday, March 3, 2017.

September 13, 2016

WilmerHale Advises Thermo Fisher Scientific in €1.6B Eurobond Public Offering

Thermo Fisher Scientific Inc. announced the completion of its public offering of €1 billion aggregate principal amount of 0.750% Senior Notes due 2024 and €600 million aggregate principal amount of 1.375% Senior Notes due 2028 at the issue prices of 99.122% of the principal amount and 99.748% of the principal amount, respectively.

September 2, 2016

New Reporting Requirements For SMAs

Timothy Silva is quoted in this article published by Financial Advisor Magazine, which discusses a new rule requiring registered investment advisors to report additional information about their separately managed accounts to the SEC beginning in October 2017.

July 20, 2016

WilmerHale Advises PerkinElmer in €500M Eurobond Offering

PerkinElmer, Inc., a global leader focused on improving the health and safety of people and the environment, announced that it has completed a public offering of €500 million aggregate principal amount of 1.875% Senior Notes due 2026 at an issue price of 99.118% of the principal amount.

July 18, 2016

Mass. Regulator Issues Rules of Thumb for Robos

An article by Ignites featuring WilmerHale Partner Timothy Silva, published on July 18, 2016.

July 7, 2016

SEC Proposes New Requirement for Business Continuity Plans for Investment Advisers

On June 28, 2016, the Securities and Exchange Commission proposed a rule that would require all SEC-registered investment advisers to adopt and implement a business continuity and transition plan.

October 26, 2015

FinCEN Proposes AML Requirements for Registered Investment Advisers

An article co-written by Franca Harris Gutierrez, Sharon Cohen Levin, Matthew A. Chambers and Timothy F. Silva, published in the October 2015 edition of Banking & Financial Services Policy Report, Vol. 34, No. 10.

September 3, 2015

FinCEN Proposes AML Requirements for Registered Investment Advisers

The Financial Crimes Enforcement Network (FinCEN) has proposed long-expected regulations that would extend anti-money laundering (AML) requirements to federally registered investment advisers (RIA).

August 8, 2013

SEC Eliminates Advertising and Solicitation Restrictions for Private Funds

On July 10, 2013, the SEC approved final amendmentsto Rule 506 of Regulation D under the Securities Act of 1933 (Securities Act) to eliminate the current prohibition against general solicitation and general advertising for certain securities offerings, in accordance with, and as mandated by, the Jumpstart Our Businesses Startups Act (JOBS Act).

Practices

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Education

JD, magna cum laude, Boston College Law School, 1997, Boston College Law Review

BS, Management, magna cum laude, Boston College, 1992

Bar Admissions

Massachusetts

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