Tom Steed focuses his practice primarily in the business and finance, investment management, and securities area. He has extensive experience in public and private investment fund transactions, including assisting clients with the formation of all types of funds, fund management and governance matters, and evaluating and negotiating investments in investment funds. In addition, he has experience in investment advisory matters, including assisting clients with the formation and registration of investment advisory firms and management and governance related matters.

Mr. Steed works with clients on all types of funds and investment advisory matters. He provides counseling on domestic and foreign fund organization and structural issues, negotiating key terms with third party service providers, and providing legal advice on applicable state and federal securities laws. Mr. Steed has knowledge of, and experience dealing with, the Investment Company Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Advisers Act of 1940 and the regulations of the Financial Industry Regulatory Authority.

Mr. Steed represents registered mutual funds, hedge funds and other private investment pools. He also represents registered and nonregistered investment advisers. In addition, he represents institutional investors in connection with their investment in funds and other types of investment pools.

Mr. Steed also has general business law experience and has worked with clients on a broad range of corporate, business and M&A matters. Prior to joining the firm, Mr. Steed served as general counsel to a mutual fund administrator, where he worked with a number of registered mutual funds, hedge funds, government funds and other types of investment pools, assisting with offering and compliance matters and day-to-day operational needs. He also previously served as Vice-President and Assistant General Counsel in the Legal Department of Hardee’s Food Systems, Inc., where his responsibilities included handing all types of corporate, real estate, litigation and marketing matters.

Mr. Steed was recommended by Legal 500 US in 2016 for Mergers & Acquisitions and Buyouts.

Professional & Community Activities

Nash County Board of Elections,  Former Member and Secretary

Rocky Mount Academy, Former Member of Board of Trustees and Past Chairman

First Presbyterian Church of Rocky Mount, Deacon and Former Sunday School Teacher

Covenant Homes, Inc. (Non-project retirement home), Former Member of Board of Directors and Secretary

Wake County Bar Association, Young Lawyers Division, Past President

Certified Public Accountant, North Carolina

Education

  • Campbell University, J.D. (1983)
  • Duke University, B.A., Accounting (1980)

Bar Admissions

  • North Carolina (1985)

Admissions

  • U.S. District Court for the Eastern District of North Carolina (1986)
  • U.S. Supreme Court (1986)

Who We Are

Suite 1400, 4208 Six Forks Road
Raleigh, NC, 27609
USA
t +1 919.420.1832
f +1 919.510.6150

Thomas W. Steed III

Experience Highlights

SEC registration of mutual fund for major North Carolina financial services company
Assisted a major North Carolina financial services company in organizing and registering with the SEC a new registered mutual fund. more
Representing investment manager in structuring investment vehicles
Representing and advising a $1 billion investment manager in structuring privately-offered domestic and offshore investment vehicles. more
Representation of investment adviser and mutual fund family
Ongoing representation of multi-billion dollar investment manager with specialized focus on 401(k) products; and ongoing representation of related more
Litigation for investor to obtain assets from investment advisor under SEC investigation
Assisted an investor in obtaining a return of his assets and securities from an investment account at an investment advisor in receivership and under more