Private Funds
Structuring private funds, negotiating their terms
Across private equity, real estate, infrastructure, credit and hedge funds: LP fund due diligence, side letters and co-investments, for the managers who run funds and the investors who back them.
Areas we cover
Private Equity
- LPAs
- Side letters
- Share purchase agreements
- Management incentive plans
Fund formation and investor terms, then the deals the fund makes, management buy-outs and buy-ins included.
Infrastructure
- LPAs
- Side letters
- Power purchase agreements
Fund formation and investor terms, then the project itself: development, operation, refinancing and exit.
Hedge Funds
- Offering documents
- Side letters
- Prime broker agreements
- Trading documentation
Fund establishment, then the service provider, trading and incidental work an open-ended fund brings with it.
Renewables, Clean Energy & Climate
- LPAs
- Side letters
- Joint venture agreements
- Grid connection agreements
Fund formation and investor terms, with template suites for the renewables and clean energy deals that follow.
Debt
- Side letters
- Loan agreements
- Intercreditor agreements
Closed and open-ended credit strategies, from direct lending to distressed debt, and the loan documents behind them.
LP Support
- Legal memos
- Side letters
- Subscription documents
- Key terms trackers
Acting for the investor: fund document review, a legal memo on the red flags, side letter negotiation and sign-off.
Real Estate
- LPAs
- Side letters
- Acquisition documents
- Co-investment vehicles
Private and public structures, REITs and PAIFs among them, and the acquisition and financing documents that follow.
Product Structuring & GP Support
- Term sheets
- PPMs
- LPA amendments
Product design by target investor and jurisdiction, launch terms for new managers, and changes for new vintages.
Distribution
- Investment management agreements
- Investment advisory agreements
Segregated account and third-party fund mandates, drafted and negotiated for the manager or for the investor.
Matters we have run
Side letter and key terms trackers across 40-50 private equity funds a year
Local Government Pension Pool Manager
Knowledge gaps in the in-house team, with external spend held to procurement thresholds
Private equity, private debt, infrastructure and climate opportunity fund investments, each with its own risk assessment
Core terms and risk appetite consistent across every fund investment
Partnered with
Our other services
Public Funds · Investments & Capital Markets · Regulatory & Compliance · Commercial & Corporate
Talk with Cordelia, Chief Growth Officer
Cordelia Hughes Chief Growth Officer
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