No Place To Hide
The SEC is coming – whether you’re ready or not.
The founding laws of the Securities and Exchange Commission all share the assumption that the best way to protect investors is to ensure transparency...more
In its examinations of investment managers over the past decade, the SEC has consistently focused intensely on conflicts, disclosures and fiduciary duties.
Originally published in The Legal Supplement: Expert Commentary -...more
Family office managers and private equity general partners have many common interests. Chief among them is providing maximum returns for their employees and their investors.
How family offices and private equity funds...more
Investors in private equity funds need to come in with their eyes open, with consideration given to where and what the pitfalls are, as well as what opportunities exist for avoiding them and perhaps improving the terms of the...more
7/25/2019
/ Co-Investment Rights ,
Conflicts of Interest ,
Due Diligence ,
Financial Markets ,
Form ADV ,
Fund Managers ,
Investment ,
Investment Opportunities ,
Leveraged Finance ,
Private Equity ,
Private Placements
For most private equity managers, co-investments are an essential part of attracting limited partner investors and funding investments.
Originally published in Middle Market Growth, the official publication of the...more
Our law firm, Pepper Hamilton, regularly advises prospective private equity and hedge fund managers on the various legal structure options associated with launching a new private investment fund. In our experience, first-time...more
8/6/2018
/ Asset Management ,
Capital Formation ,
Capital Markets ,
Crowdfunding ,
Fund Sponsors ,
Fundraisers ,
Hedge Funds ,
Investment Funds ,
Investors ,
Joint Venture ,
Pledges ,
Private Equity ,
Private Investment Funds
The lifecycles of private equity (PE) funds are lengthening as managers continue to seek longer fundraising periods. This is due to a number of factors, including increases in due diligence and holding periods for investments...more
Fund managers are getting squeezed from all directions. Absent raising a larger fund next time, GPs cannot realistically expect to grow top line revenue. At the same time, they bear variable and often unpredictable...more
Co-investments are an increasingly important component of capital used by private equity groups (PEGs) to fund acquisitions and represent an increasingly significant portion of this capital. This is one of the key findings of...more
Pepper Hamilton commissioned Mergermarket to interview 50 PE executives from across the United States that have co-invested with an institutional investor within the previous three years (fund sizes managed by the...more
In This Presentation:
- Agenda
- Typical Fund Structure
- Typical Fund Waterfall
- Fund Economics- Nuances
- LPA Provisions
- Fund Due Diligence
- Legal Landscape
- PEI...more
10/10/2014
/ Asset Management ,
Bank Holding Company Act ,
Employee Retirement Income Security Act (ERISA) ,
FOIA ,
General Partnerships ,
Internal Revenue Code (IRC) ,
Investment Company Act of 1940 ,
Investment Management ,
Legal Entities ,
Management Fees ,
Patriot Act ,
Private Equity ,
Private Equity Funds ,
Securities Act of 1933 ,
Securities Exchange Act ,
Transaction Fees
Investors in private equity funds (Funds) typically invest in blind pools, under which passive investors commit to invest a designated amount of cash in a Fund over an investment period while relying solely upon the Fund’s...more
Launching a new hedge fund or private equity fund can be one of the most exciting and rewarding ventures a person will ever undertake-and it can also be the most challenging, given today's competitive and demanding investing...more
Launching a new hedge fund or private equity fund can be one of the most exciting and rewarding ventures a person will ever undertake-and it can also be the most challenging, given today's competitive and demanding investing...more
Launching a new hedge fund or private equity fund can be one of the most exciting and rewarding ventures a person will ever undertake-and it can also be the most challenging, given today's competitive and demanding investing...more
Interest in co-investment opportunities has increased over the years due to investor demands for lower-cost investments and the need of fund sponsors to differentiate themselves from other private equity firms. As...more