McDermott Will & Schulte accelerates New York private capital growth with the return of Blackstone managing director Jonathan Feiler

Why this matters

The return of a Blackstone managing director to McDermott Will & Schulte’s private capital platform signals a notable recalibration in the New York institutional CRE advisory landscape. This move underscores the intensifying competition among law firms to capture a larger share of private-equity and fund capital flowing into hard assets, particularly in a market where capital sources are increasingly discerning and relationship-driven. Jonathan Feiler’s blend of senior operating and private practice experience suggests a strategic emphasis on integrating legal counsel with deep capital markets and operational insight, reflecting the growing complexity of structuring and executing private capital transactions. Institutionally, this development may indicate sustained or even growing appetite for private capital deployment in New York’s CRE sector despite broader macroeconomic uncertainties. It also points to a sharpening focus on bespoke capital solutions, as investors and sponsors seek legal partners who can navigate evolving regulatory, financing, and deal structuring challenges. For allocators and lenders, the move highlights the premium placed on advisory platforms that combine market intelligence with transactional agility, a critical factor as capital flows adjust to shifting risk and return profiles in US commercial real estate.

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