Seeding Transactions

Hedge and private equity fund managers face challenges as major shifts in the industry continue and their businesses evolve. Our Fund Manager Transactions team is at the forefront of the market, executing complex, cutting-edge and high-profile transactions involving fund managers.

With offices around the world, we work with fund managers globally. Our funds lawyers draw support as needed from related practices throughout the firm, including tax, regulatory and Employee Retirement Income Security Act of 1974 (ERISA).

Our team offers each client a highly personalized, multidisciplinary approach combined with the resources of a full-service international law firm. We have advised hedge and private equity fund managers (including those in the investment banking space), as well as investors, on every type of sponsor-level transaction, including:

Spinning out of and folding into existing platforms or selling stakes to strategic investors
Assistance through all phases of joint ventures, including:
- Negotiation and documentation of the initial allocation of management roles and governance rights of each party
- Capitalization and economic sharing arrangements among the parties
- Negotiation of the covenants relating to exclusivity
- Related party transactions
- Advice relating to best practices in the labor and employment arena
- Separation provisions and protections
Seed capital arrangements, including representing seeders and multiple seed funds
Debt financing – including with respect to team commitment facilities – and preferred equity
Combinations, strategic relationships and co-management agreements
Developing innovative, tax-optimal solutions for fund managers and investors acquiring stakes in such managers.