Cooley has hired a venture-focused legal veteran to its debt finance practice, the law firm said on Tuesday, just the latest in a string of hires that has let the Palo Alto, California-based firm build out its lending practice.
The practice, which advises venture financing and fund formations, is bringing on attorney Troy Zander, who left a partnership at DLA Piper, according to a statement.
Zander specialises in mid-market technology and life sciences financings, according to the statement. He has represented agents, lenders, and companies in credit facilities aggregating more than $35 billion.
“Troy is very well known in the venture debt space,” John Hale, partner at Cooley, said in the statement. Hale added that Zander had built “the dominant venture lending practice in Southern California”, on top of a legal presence in northern California and the US east coast.
He holds a JD from the University of San Diego and a BA from the University of California, San Diego.
Zander’s arrival follows several other recent hires at the San Diego-based law firm, including the addition of debt finance partner Patrick Flanagan, as Private Debt Investor previously reported. Flanagan said at the time that debt is sought after by tech companies because it allows access to additional capital “without having to give up a portion of control that selling equity would”.
Cooley has also added Ray LaSoya as a private equity partner, Ryan Sansom as a corporate life sciences partner, and Bill Corcoran as a tax partner, according to the statement.
Last year alone, Cooley advised on more than 800 venture financings and over 190 fund formations. The firm advises on all types of fund formations, including venture capital, fund of funds and private equity. Cooley has counseled more than 5,000 innovative growing private companies and over 350 investment funds.