Our edge for fund managers

“Three decades of in-house and public know-how working with the spectrum of pedigreed managers and strategies”

Separate from the pack

“We share our extensive know-how working with the spectrum of managers not available to one single organization”

Strategic edge

“No matter the scope of need, partner level know-how to make change happen across the fund manager enterprise”
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Why us.

We have extensive experience and real world expertise working and collaborating with the spectrum of fund manager organizations and strategies. More than three decades of executive level business, securities and corporate law experienced attorneys collaborating with the spectrum of fund manager clients as both securities, corporate lawyers and general counsels, chief operations and regulatory attorneys to both global investment banks and asset managers. Our breadth of real world experience and expertise from planning, execution and the growth of fund manager organizations makes us uniquely positioned to offer clients pragmatic options for today's private to public fund manager organization.
Breadth of enterprise wide private fund manager know-how across: fund formation (onshore-offshore) start-ups, structures, capital raising, securities offerings, partner transactional matters, investment adviser formation and build-out, seed, high net worth, family office to institutional investor matters, marketing-solicitation. We represent and execute the spectrum of pooled investment vehicle offering structures and strategies across: hedge funds, private equity funds, venture capital, segregated series funds, ICAVs, fund of funds, (onshore-offshore) master-feeders, sub-advisers, manager of managers, managed accounts, sub-adviser, hybrid hedge/equity funds, reinsurance, catastrophic bonds, insurance linked securities, long-short equities, managed futures, loan origination, real estate funds, fixed income, swaps, bonds, index funds, closed end funds, to name a few.
Regulatory and operational investment manager expertise across the front, middle and back office set-up structures, trading procedures, firm operations, advisory firm build-out and growth, counter-party set up, trade risk management, SEC regulatory or compliance framework, investor due diligence, firm wide risk gap analysis across enterprise, investor readiness dos and don'ts to win high net worth, family offices or institutional assets.
  • Bespoke & viable solutions to problems
  • Scalable, pragmatic & strategic
  • Partner level support no matter the scope
  • Knowledge, experience & relationships to facilitate asset growth

Select client examples

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private fund start ups to established
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onshore-offshore private firms
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private equity funds
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hedge funds

Our scope of private fund manager expertise

Fund formation
“fund formation solutions at every phase of a firm’s life cycle”
Fund manager compliance & operations
“viable front-back office exempt to SEC compliance-operations framework & ongoing support across AUM”
Fund manager attorneys
“deep (in house & public sector) fund manager attorneys sets us apart”
Investor allocation support
“spectrum of fund strategies, investors, offering structures and fund managers”
Fund manager risk management
“investor, regulatory or risk management ready, firm wide to targeted gap analysis or solutions to problems”
Fund manager business matter, partner transaction & governance
“in-house & public sector fund manager experienced attorneys sets us apart”
Fund manager GC, CCO or COO fractional support
“C-suite executive level experienced in-house attorneys at global fund manager organizations”
Fund marketing and investor do’s and don’ts
“strategic & tailored support to match portfolio edge, target investors and aum”

Contact us by submitting a query on our home page, contact page or email us at [email protected]

FAQs
  • How to launch a strategy to accept US or offshore investors?
    Our team has extensive experience across the spectrum of strategies and structures advising conventional to complex across pioneer portfolio managers, emerging managers and leading US and global alternative asset management firms. We have extensive expertise forming onshore and offshore structures and jurisdictions across U.S., BVI, Bermuda or Cayman Islands. Choice of structure and jurisdiction dependent on variables such as investor type, jurisdiction, marketing strategy, assets under management, infrastructure, etc.
  • Does an US investment manager have to register with a securities regulatory agency?
    Fact sensitive depending on the structure set-up, strategy, amount of assets under management, domicile, to name a few. A pragmatic business approach seeks to ensure a viable and sustainable private fund manager organization to take advantage of a each client's particular facts and circumstances. Properly managing state or federal adviser registration or firm build out as needed with our expert guidance and support can materially mitigate the fixed costs and create more viable economics.
  • Can you offer multiple strategies and asset classes within one fund offering structure?
    Delaware, and a limited number of others states as well as certain offshore jurisdictions offer a structure similar to a segregated portfolio company or independent collective investment vehicle allowing for multiple strategies under one structure with the legal segregation of assets (ringfenced) to avoid cross-collateral exposure. Trading organizations with multiple strategies may find this structure appealing as well as private equity organizations; especially, if investing in multiple silo investments for a group of investors. This structure has its operational pros and cons and your strategy, short and long terms goals determine its viability for a particular strategy and offering.
  • What does a typical stand alone private fund offering structure consist of?
    A conventional offering consist of (i) a robust offering memorandum describing teams, people, strategy, asset class, liquidity, etc. about 60-80 pages; (ii) a governing document for investors detailing, among other things, valuation, liquidity, fees, alignment of interests, lock-up if applicable, gate language if applicable, timing of investment and redemptions, class of investors, if applicable, etc. This is typically about 50 pages long and tailored to investor documents, strategy, firm framework; (iii) a detailed subscription agreement tailored to the material terms above and containing certain representations and warranties to protect both parties to evidence ownership interests typically 60-80 pages; (iv) governing documents for partners; and (v) the formation of entities across investment adviser and pooled investment vehicle(s), to name a few. See our private fund formation video above for examples of some typical offering structures
  • How to offset cost of full offering structure to generate interest prior to raising outside assets?
    A pre-solicitation offering structure (Incubator Fund) may be created to test a trading strategy and build a track record using "proprietary" assets before offering the pooled investment vehicle securities to outside investors. This structure is typically known as an Incubator Fund and a fraction of the legal cost of forming a conventional private fund offering structure for outside investors. This may be used to first test a strategy and build a track record before offering and raising assets from outside investors. A typical incubator offering framework will not include, among other things: (i) a detailed offering memorandum, (ii) governing agreement for investors; and (iii) a conventional subscription agreement to evidence ownership by outside investors in the private fund securities; and (iv) certain additional counter-party set-up.
  • Can you help after the raising of assets?
    Our team is uniquely positioned with the legal and business experience of both working in-house for leading and global alternative asset management organizations as well as publicly as securities lawyers to established law firms to private fund managers, which means a deep legal and business skill set to provide pragmatic legal and business solutions across all phases of operating a successful private fund manager organization from inception, build out and growth during its life cycle.
  • How does a fund manager separate from the pack to investors?
    A gap analysis can be specific to an area of stress or a firm wide diagnostic review across the enterprise. We review existing processes and controls for investor red flags, potential gaps, regulatory risk, business risk. Then make tailored recommendations, close gaps upon request, and offer a final report which may be used as a marketing tool to project safety of assets and a better risk managed firm to investors and proactively avoid regulatory issues before they happen.
  • Can you help with strategic marketing support?
    We have relationships with third-parties that seek to raise assets for private fund managers across broker-dealers, placement agents and investors. Depending on strategy, track record and pedigree, we seek to place a client in the best position to succeed.
  • Marketing considerations for high net worth, family offices or institutional investors?
    The opportunity at an initial meeting with a potential sophisticated investor to place yourself in the best position to succeed. Unless a pre-existing relationship with a seed investor, friends or family, a typical start-up fund will seek to raise initial assets with pre-existing trusted relationships such as friends and family. After year one, a manager may use it established track record to communicate its edge to outside investors. Depending on strategy, return profile of risk adjusted returns, market demand, firm framework in place (skin in the game) viable operations, assets under management, among other things,, determines the target market investor across high-net worth, family offices and/or institutional investors. To increase the likely-hood of marketing success, managers may seek to have the forgoing in place relative to AUM, teams and people before marketing.

Questions, please submit the form below or email us at [email protected]

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