See Credit Details Below
Why You Should Attend
2020 was a particularly active year, as fund managers navigated the opportunities and challenges of raising dislocation funds, communicating in a virtual environment, and responding to an increased demand for ESG and impact-focused strategies. As the private funds industry continues to evolve, fund managers are finding new and creative ways to create additional liquidity and sources of capital, often through mechanisms such as continuation funds, secondaries, recapitalizations, etc. Designed to provide an advanced analysis of the private funds industry, this program will highlight the predominant and relevant issues facing private funds lawyers and how to handle them.
Our faculty of experts will provide analysis of topics beyond the typical fundraising issues. They will share how sidecar funds have become predominant prominent features that are utilized by managers and sought after by investors and will discuss the various hybrid fund structure types and common economic and liquidity terms, as well as key considerations for fund managers across the liquidity spectrum. Attendees will also have the opportunity to examine end-of-life issues associated with continuation funds, GP-led secondaries, and recapitalizations.
What You Will Learn
- Fundraising of both closed-ended and open-ended funds
- Tools that outside counsel can use to assist their clients in their fundraising efforts
- Common issues with managing fundraising in a closed-ended setting (for a limited period of time) when negotiating side letters
- Review various structure types and common economic and liquidity terms, as well as key considerations for fund managers across the liquidity spectrum.
- How to deal with an inability to generate illiquidity for investors in times of distress
- Differences between market-to-market compensation system and how it relates to upper-tier structure (distribution waterfall)
Who Should Attend
Experienced securities and corporate attorneys, private equity or venture capital investors, principal investment professionals, and others involved in the fund-raising and financing businesses.
Program Level: Advanced
Intended Audience: Experienced securities and corporate attorneys, private equity or venture capital investors, principal investment professionals, and others involved in the fund-raising and financing businesses.
Prerequisites: A background in private equity.
Advanced Prep: None