She provides tax and structuring advice for institutional and global investors, fund sponsors and multinational companies, including with respect to the preparation and negotiation of fund disclosure, organizational documents and side letter agreements.
She also regularly advises clients on US tax matters related to structuring, operation, investment activities and transactions. She serves as co-chair of the firm’s Private Capital group, which guides clients to success with seasoned advice and practical and innovative solutions for raising, managing, deploying and investing in private capital. Ms. Garofalo has counseled clients on the tax-efficient use of special purpose vehicles and real estate investment trusts (REITs).
Ms. Garofalo has published several articles relating to complex real estate tax matters (including for the American Bar Association, the American College of Real Estate Lawyers and the American Law Institute). Ms. Garofalo has also provided numerous presentations on complex real estate tax matters, including relating to investment structures utilizing REITs and leveraged blockers.
She has published articles and provided client presentations relating to the tax matters under the Inflation Reduction Act. In addition, Xenia has played a key role in advising multinational clients in respect of the application of the Inflation Reduction Act’s tax provisions to their operations and investments, including with respect to the 1% share repurchase excise tax and tax credit incentives that apply to renewable energy, carbon reduction and related activities and investments.
Ms. Garofalo also advises charities and private foundations regarding various formation, international and operational issues.
- Represented IGM Financial, one of Canada's largest diversified wealth and asset management companies, in its purchase of an approximately 20.5 percent equity interest in Rockefeller Capital Management, for consideration of approximately $622 million.
- Bridge-the-Gap I: Ethics and Skills for Newly Admitted New York Attorneys, January 22, 2024, Practising Law Institute (PLI) training
- Dissecting new infrastructure investment opportunities amid high inflation, rates and volatility, November 29, 2023, Infrastructure Investor Network
- Webinar – Unlocking Fiber: Accessing $60bn of regulatory support, September 7, 2023, Infrastructure Investor Network
- Qualified Foreign Pension Funds and Sovereign Wealth Funds, October 20, 2023, ABA Section on Taxation Fall Meeting
- How to Help Colleagues or Friends Dealing with Depression and Anxiety, September 27, 2023, Corporate Counsel Women of Color Annual Conference (CCWC)
- A fireside chat: An engaging discussion with Diversity Lab, Tuesday, September 26 | 5:00 pm EDT
- Bridge-the-Gap I: Ethics and Skills for Newly Admitted New York Attorneys 2023, September 6, 2023, Practising Law Institute (PLI) training
- IRA Energy Tax Benefits, August 29, 2023, Lawline webinar
- Bridge-the-Gap I: Ethics and Skills for Newly Admitted New York Attorneys 2023, July 11, 2023, Practising Law Institute (PLI) training
- You Can Get There From Here: The Partnership Path, Monday, July 24 | 2:00 - 3:15 pm ET
- Establishing a Strong and Effective Executive Presence, May 2, 2023, Association of Corporate Counsel (ACC) New Jersey presentation
- Show me the money: a primer on private equity real estate funds, October 20, 2022, ACREL
- Tax Developments in M&A, September 13, 2022
- M&A Panel w/ PWC, May 18, 2022, TEI Region 10 Annual Conference
- Global Tax Trends in Fund Investing, April 27, 2022
- Named to the “Ones to Watch” list by The Best Lawyers in America in the area of tax law (2024)
- Recognized by The Legal 500 United States in the area of US taxes: non-contentious (2023)
- Recognized as “Top 40 Under 40” by The National Black Lawyers, 2021
- Recognized as “Philanthropist of the Year” by the Association of Fundraising Professionals’ Washington, DC chapter for her longstanding work with human services organizations that address the causes of social and systemic inequities, 2021
- Fellow, American Bar Foundation
- Member, Law360 Federal Tax Editorial Advisory Board
- Member, Northern Virginia Family Service Board of Directors
- District of Columbia
- New York
- J.D., cum laude, Howard University School of Law
- B.A., La Sierra University
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