The firm serves as counsel to private funds as well as those partnering with such private funds, including investors, prime brokers, placement agents and service providers. We have extensive experience in forming and advising on the management of private equity and hedge funds.
Our attorneys draft fund formation documents (onshore and offshore), private placement memoranda, subscription agreements and side letters; establish accounts with prime brokers and administrators; respond to due diligence inquiries; set up managed accounts; establish seeding agreements; and convert private fund assets into ’40 Act funds. We execute a wide variety of transactions in the private equity and hedge fund space, including asset sales and acquisitions, minority investments, venture financings, co-investments, private placements and PIPEs, block trades, 144A transactions, club deals as well as venture rounds and bridge financing. Our attorneys handle all aspects of each transaction, from the initial non-disclosure agreement to the term sheet and deal documents.
The firm has a robust program for managing and executing fund transfers on a fully outsourced basis for its clients. Under the program, our attorneys review the applicable limited partnership agreements and other relevant documentation, negotiate the transfer agreement, confirm regulatory compliance and perform all other work related to the fund transfer through transaction consummation. In many cases, our clients are able to charge back the fees to the transferor and take advantage of this service at no direct cost or budgetary impact.