Autorentext

Edited by Tom Alabaster

Klappentext

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.

Inhalt

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