
Adam Hilkemann
Partner
Areas of Focus
- Real Estate & Infrastructure Funds
- Hedge Funds
- Seeding Transactions
- Real Estate
- Joint Ventures & Strategic Alliances
- Technology
- Digital Assets, Cryptocurrency & Blockchain
- Litigation Finance
- Private Client & Family Office Services
- Investment Management
- Fund Formation
- Fund Manager Transactions
- Institutional Investors
- Private Equity
- Private Capital
- Data Centers & Digital Infrastructure
- Evergreen Funds
- Represents both established and emerging fund sponsors in complex fund structuring and investor negotiations.
- Leading-edge experience in real estate joint venture and data center transactions.
- Advises on digital asset fund launches.
Adam is a leading advisor to private equity funds, hedge funds and hybrid funds on complex fund structurings and investment negotiations. He provides comprehensive advice across investment strategies, including real estate, venture capital, emerging markets, litigation finance, buyout, distressed debt, energy, macro and funds of funds (FOF).
On the investor side, Adam regularly advises private equity funds, companies, platform sponsors and other institutional investors in connection with fund investments, managed account arrangements, co-investments and other strategic transactions.
Adam also represents investment management clients on data center transactions and digital asset fund launches. He works as part of a multidisciplinary team that applies Akin’s wide-ranging experience in the technology space to meet client needs and drive industry best practices.
He advises management companies in connection with:
- Fundraising
- Registration
- Investment activities, including negotiating side letters, direct equity and other forms of convertible investments
- Marketing
- Ongoing compliance and operational issues.
Further, Adam has represented equity providers in real estate joint ventures and managed account arrangements. Beyond fund formation, Adam provides guidance to management companies on internal structuring, including the design of profit-sharing arrangements and the execution of seeding transactions.
- Represented a new fintech credit manager with a seed investment and the launch of a flagship closed-end fund and related co-investment vehicles.
- Represented a startup venture capital manager in connection with a complex, open-end fund structure and an associated seed investment.
- Represented a large hedge fund manager in connection with the development and launch of its first insurance dedicated fund.
- Led the launch of flagship and hybrid venture funds for a prominent, Silicon Valley fund sponsor.
- Assisted in the spin-out, formation and inaugural fund launch of a large, NY-based hedge fund manager.
- Assisted in the successful launch of a client’s second hybrid fund with a litigation finance focus. Leveraged deep knowledge of the client to a complex structure and novel strategy.
- Represented a large, fund of funds sponsor in connection with over 100 co-invest transactions.
- Advised in the successful launch of a cryptocurrency hedge fund with a dual trading/mining strategy. Provided creative and focused guidance in the context of a nascent investment strategy with very little regulatory guidance.
- Represented a large real estate fund manager in connection with the successful deployment of fund capital into joint ventures with a variety of data center development partners. Applied a strong understanding of investment fund structure and terms while maintaining focus on the specific real estate investments at hand.
- Assisted in the launch of an inaugural blind-pool real estate development fund, supporting the client’s move into the institutional fund manager space. Provided market and investor guidance on terms and structuring while keeping the client’s overall business strategy in mind.
- Represented a fund sponsor in connection with a complex fund merger and preferred equity restructuring. Employed creative and commercially pragmatic solutions, vigorous negotiation and subtle drafting to successfully restructure two funds in a multi-step transaction.
EducationJ.D., Washington University School of Law, magna cum laude, 2010
B.A., Harvard University, with honors, 2007
J.D., Washington University School of Law, magna cum laude, 2010
B.A., Harvard University, with honors, 2007
Bar AdmissionsTexas
Texas
- The Best Lawyers in America, Corporate Law, 2012-2022.
- Volunteer attorney, Human Rights Initiative of North Texas.


