Steven Adelkoff is well-known for his legal experience in all aspects of the alternative investment industry. He is Counsel with the Corporate and Real Estate Practice Groups.
For over two decades, Steve has structured and negotiated domestic and international transactions involving real estate, commodities, power generation, renewable energy, commodity exploration, structured finance, investment management platforms and investment funds. His diverse skill set allows him to meld legal, regulatory, tax and accounting aspects of transactions to achieve world-class results.
During the course of his career, Steve has amassed a great deal of experience in structured leasing transactions, including synthetic leasing, leveraged leasing, silos/lilos, sale/leaseback transactions and credit tenant leases. Representing independent power producers, utilities, exploration companies, lenders (both senior and mezzanine) and equity participants, Steve has successfully completed international and domestic transactions totaling billions of dollars in industries ranging from power generation to timber to commodity exploration and liquefied natural gas (“LNG”) facility development. He participated in the development and acquisition of over 400 MW of wind energy representing both developers and lenders.
Over the last decade, Steve has focused on the formation and operation of global investment funds, with particular attention to investment strategies and risk management. His experience extends from private equity investments to hedge funds, venture capital funds, commodity funds, real estate funds and collateralized debt obligation transactions.
Steve is highly skilled in Shariah compliant investment structure. He served as lead counsel to Shariah Capital and supervised all legal, tax and accounting issues and documentation for the Al Safi Trust platform. Steve also served as lead negotiator for the formation of Dubai Shariah Asset Management, Ltd. He has advised real estate fund managers, rating agencies and investment banks regarding Shariah compliant investments.
Steve has a reputation as an innovator, a problem solver and a valued team member who provides strong decision analysis skills to help clients succeed. He has been published in numerous legal publications and recently authored “Shariah Compliant Real Estate Operations and Finance” which appeared in Real Estate Finance. Steve often serves as an industry source for the media, including the New York Times and CFO Magazine. He is a frequent lecturer on topics such as Shariah compliant investment vehicles and credit tenant leasing.
K&L Gates LLP
Martindale-Hubbell AV Peer Review Rated Attorney
Energy Alert (Multiple Articles)
Real Estate Alert
Real Estate Finance
Special Purpose Entities Alert (Multiple Articles)
“Black Box Transactions, Chapter 10,” Synthetic Lease Financing: Keeping Debt Off the Balance Sheet
The Practical Real Estate Lawyer
The Journal of Law and Commerce, University of Pittsburgh School of Law (Editor-in-Chief)
Seton Hill College (Adjunct Professor, MBA Program, Law & Business Ethics)