Private investment funds are investing more capital than ever and the funds themselves are growing larger year on year. The industry's success comes against a backdrop of evolving market trends, increasing regulatory and tax compliance and the rise of environment, social and governance (ESG). In relation to structuring, fundraising, making deals, managing exits, maintaining investor relations and dealing with the press, investors and their advisers are faced with unprecedented challenges and opportunities.
This comprehensive new edition, edited by Tom Alabaster at Ropes & Gray, features contributions by leading industry specialists on a wide range of issues arising at all stages of a private investment fund's life cycle. Topics covered include formation and structuring, regulatory matters, deal-level considerations and environmental concerns, as well as chapters focusing on jurisdictions including the Cayman Islands, Guernsey, Ireland, Jersey and Luxembourg. The guide also sets out and explores the particular issues presented in relation to listed funds, energy funds, secondary transactions and GP-led recapitalisations.
As a result, this publication provides a wide-ranging and practical guide to the legal, regulatory, tax and commercial elements of establishing and operating private investment funds. Practitioners and other industry participants are likely to gain significant benefit from applying its contents within their own environment.
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978-1-83723-013-6 (9781837230136)
Schweitzer Klassifikation
Introduction to investment funds: structures and key drivers 5
Tom Alabaster
Ropes & Gray
Part I: Key topics
The fund-raising process 15
Folakemi Greene
Soloman Wifa
Willkie Farr & Gallagher (UK) LLP
Investor side letters 25
Gavin Anderson
Debevoise & Plimpton
Private equity co-investment 39
Amy Rigdon
Latham & Watkins
Transactional issues for funds 55
Tom Evans
Huw Thomas
Latham & Watkins
Integrating ESG into your fund 69
Melissa C Bender
Eve Ellis
Michael R Littenberg
Ropes & Gray
GP-led recapitalisations: key drivers and roadmap to a successful transaction 87
Alex Chauvin
Isabel KR Dische
Ropes & Gray
A refresher on LP secondaries transactions 103
Alex Chauvin
Isabel KR Dische
Ropes & Gray
The UK and EU ESG landscape 113
James Bee
Paul Davies
Anne Mainwaring
Denisa Odendaal
Latham & Watkins
When funds go bad: fund-related disputes 131
Jumana Rahman
Cohen & Gresser
The regulation of alternative investment fund managers and advisers in the UK and EU 149
Lisa Cawley
James Roslington
Adam Skinner
Kirkland & Ellis International LLP
Listed investment funds 171
Jonathan Baird
Hogan Lovells International LLP
Investment funds in the energy sector 187
Matteo Matteucci
Gide Loyrette Nouel LLP
Part II: Jurisdiction analysis
Cayman Islands 213
Ed Pearson
Caroline Williams
Walkers
Guernsey 225
Tim Clipstone
Richard Doyle
Amy Williamson
Ogier
Ireland 241
John Gallagher
Jennifer Murphy
Maples Group, Ireland
Jersey 261
Matt McManus
Ogier
Luxembourg 275
Adrian Aldinger
Camille Bourke
Arendt & Medernach
About the authors 293
About Globe Law and Business 303
