Winston Penhall Photo

Winston is a partner in Reed Smith’s London office and co-leads the London Investment Funds practice. 

Winston’s practice and the London Investment Funds team focus on three broad areas:

  1. Acting for General Partners: The establishment of investment managers, manager joint ventures and the formation of investment funds and co-investment vehicles;
  2. Representing Institutional Investors: In connection with their fund allocations, co-investments, funds of one structures and bespoke arrangements; and
  3. Advising both investment managers and institutional investors: On non-structured discretionary investment management arrangements, including agreements underpinning those arrangements.


  • BPP Law School, London, UK, 2003, LPC, (Distinction)
  • BPP Law School, London, UK, 2001, Postgraduate Diploma in Law
  • University of South Africa, 1995, LL.B., (Post-Graduate Bachelor of Laws)
  • University of South Africa, 1993, Bachelor of Law

  • England and Wales

Awards & Recognition

  • Ranked in Chambers UK for UK-wide Investment Funds: Private Equity: Venture Capital, 2021
  • Listed as Highly Regarded in IFLR1000 Global for UK Hedge funds, 2020-2021

Notable Quotes

  • 16 March 2018 'Annual Buyout Review: Lower-mid-market momentum lifts dealflow' Unquote