Investment funds

Investment funds have become a common route to raising capital as eligible asset classes have expanded, listed fund vehicles have become more available, and ability to market products across Europe have improved. Our investment fund experts assist clients in structuring and implementing a wide range of regulated and unregulated investment funds, UK and offshore, including equities, debt, private equity, real estate, infrastructure, hedge funds, fund of funds and other alternative investments. Alongside this, we also help our clients establish new asset management and advisory businesses, as well as designing co-investment and carried interest structures appropriate to their investment fund structure.

We advise asset managers, other institutional clients and start-ups on all aspects of setting up investment funds, from concept through to marketing, launch and ultimately making investments for the fund. Our team brings a wealth of experience in investment fund vehicles and structures that can help clients evaluate which is most appropriate to meet their objectives. Because selection of an appropriate investment fund structure is largely driven by tax and regulatory factors, as well as legal considerations, we work closely with tax and other regulatory experts at PricewaterhouseCoopers. This enables us to identify any hurdles at an early stage of the fund structuring process and bring a complete solution for new investment fund structures that deal with all of these issues up front.

We also work with institutional clients such as pension funds, family houses and high net worth individuals to review potential investment fund opportunities on their behalf, and advise on negotiations with fund managers where the client is considering a significant financial commitment to an investment fund.

Our services

• Advice on impact of the proposed Alternative Investment Managers Directive
• Investment fund structuring and implementation
• Selection of fund vehicles and jurisdictions (onshore and offshore)
• Assistance with marketing to and negotiating with potential investors
• Carried interest and co-investment arrangements
• Contractual arrangements, including investment management and outsourcing agreements
• Appointment of administrators and other service providers
• Stock exchange listings for investment funds
• Obtaining required regulatory approvals advice on relevant regulatory issues, including:
  • Financial promotion
  • Regulated activities
  • Collective investment schemes
• Investor legal due diligence for significant investments in third-party funds

Related area

• Financial services

Contact details
Email: Laura Cox
Tel: +44 (0)20 7212 1579

Email: James Greig
Tel: +44 (0)20 7213 5766