Docket Navigator: Top Attorneys in 2016
Funds Talk: March 2017
Our Alternative Investment Management group is highly regarded for advising private and registered funds and their managers with respect to complex issues and fiduciary obligations and implementing strategies to maximize the success of their funds in the marketplace. We provide practical counsel in all aspects of fund formation, regulatory compliance, governance and transactional matters.
We offer comprehensive services to support our fund clients — not only in areas directly related to funds but also in the areas of tax, derivatives, ERISA, employment, intellectual property, banking, securitization, restructuring and litigation, among others.
Kramer Levin is considered a high-end boutique in the registered funds area. We are at the trendsetting forefront in assisting clients in using registered fund structures to provide exposure to new and diverse alternative and innovative investment strategies and asset classes.
We are a market leader in providing legal services to public alternative funds (i.e., U.S. registered mutual funds and closed-end funds employing alternative investment strategies). We have worked closely with both alternative and traditional mutual fund managers in launching U.S. retail alternative platforms and serving their day-to-day regulatory needs. Our team has significant experience adapting alternative strategies and instruments to the 1940 Act framework of retail mutual funds. As advisers to registered fund managers, the funds themselves, their boards and many of their subadvisers, we have a loyal following of clients who appreciate our creative yet practical approach to their U.S. registered fund business.
For our mutual fund clients, we develop appropriate disclosure that describes their principal strategies and risks. For funds and their managers, we craft policies and procedures that calibrate regulatory compliance. For boards and their members, we help define and clarify fiduciary obligations. We also provide practical guidance in mergers and acquisitions. For independent directors, we help establish the governance processes that support their fiduciary role as “independent watchdogs” charged with safeguarding shareholder interests.
Kramer Levin has extensive experience organizing and launching private investment funds, including private equity funds, venture capital funds, real estate funds, hedge funds and funds organized outside of the United States. We advise private fund managers on virtually all types of asset classes and investment strategies and have represented U.S. and non-U.S. private fund managers in the global distribution of their funds. We provide knowledgeable guidance on SEC and CFTC regulatory compliance issues and a broad array of transactional matters, including seed capital arrangements for startup managers and the sale or acquisition of private fund businesses. We offer private fund managers comprehensive legal advice for all aspects of their business, including litigation, tax, ERISA, employment, intellectual property and real estate. Further, the private funds team advises institutional investors with respect to all kinds of private fund investments. This aspect of our practice provides Kramer Levin with valuable insight into developments in the terms and conditions offered by private funds.