Skip to main content

  • PRACTICE AREAS

VENTURE CAPITAL, PRIVATE EQUITY & REAL ESTATE FUNDS

We have extensive experience working with closed-end fund managers and sponsors across multiple asset classes, including venture capital, private equity and real estate.

We partner with our clients to advise them during the entire life cycle of launching and managing a closed-end fund, from initial fund structuring to deploying investor capital to harvesting returns and liquidating the fund.

We also frequently assist institutional and individual investors with performing due diligence on potential closed-end fund offerings.

VENTURE CAPITAL, PRIVATE EQUITY & REAL ESTATE SERVICES

Our closed-end fund services include the following:

  • Fund structure: Advising managers regarding overall fund structure, including waterfall calculations, valuation mechanisms, investor distributions, appropriate risk disclosures, etc.
  • Fund offering documents: Preparing customized fund offering documents, including term sheets, private placement memoranda, limited partnership agreements and subscription documents for both individual and institutional investors.
  • Regulatory filings: Preparing initial regulatory filings on behalf of managers and funds, including entity formation filings, Form D filings and state “blue sky” notices.
  • Vendor agreements: Assisting managers with selecting and negotiating vendor agreements, including fund administrators, auditors and custodians.
  • Comprehensive Manager Support: Assisting managers with investor side letter agreements, seed capital arrangements and other investor negotiations.
  • Sidecar investments: Structuring co-investment and sidecar vehicles.

  • TESTIMONIAL

These guys are good.

– Mark Peter Davis, Managing Partner, Interplay

INDUSTRY INSIGHTS

VENTURE CAPITAL, PRIVATE EQUITY & REAL ESTATE FUNDS

Section 1061 Updates to Partnership Agreements

In anticipation of the March 15, 2023, filing deadline for partnership tax returns, we recommend that clients assess whether their fund partnership agreements are current regarding the implications of Section 1061 of …
READ MORE
VENTURE CAPITAL, PRIVATE EQUITY & REAL ESTATE FUNDS

Year-End Client Letter

As we turn the page on 2022, we would like to highlight the following legal, regulatory and business matters that may affect you or your clients heading into the new year. As always, feel free to reach out to us shoul…
READ MORE
VENTURE CAPITAL, PRIVATE EQUITY & REAL ESTATE FUNDS

Proposed Rule Changes for Private Fund Advisers

On February 9, 2022, the Securities and Exchange Commission (SEC) proposed new rules (Proposed Rules) under the Investment Advisers Act of 1940 (Advisers Act) that, if adopted, would significantly impact private fund …
READ MORE