Private Equity Funds: Business Structure and Operations

Private Equity Funds: Business Structure and Operations covers a wide range of important issues, such as: the key economic differences between various types of funds; structuring the private equity fund to meet economic expectations and investment goals; securing maximum tax benefits for the sponsor of the fund; duties of the fund's General Partner and Investment Advisor; the major regulatory issues affecting the private equity fund; and much more.
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ISBN: 9781588520883
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Product description

“The best guide to private equity funds. Insight and explanations for both fund sponsors and investors. The gold standard.” —Andrew Zalasin, General Partner and CFO: RRE Ventures

Best Practices for Organizing and Managing a Fund

With nearly $7 trillion invested in more than 20,000 funds, investor interest in the private equity industry has returned, despite the economic turmoil of recent years. Still, guidance about the organization and administration of these funds is tough to find. This 1,400+ page online and traditional print resource, will equip corporate lawyers, investment professionals, and tax practitioners and with best practices to manage these funds effectively.

Timely updates, ongoing analysis, and model documents. Online, eBook, and traditional print loose-leaf formats with updates are available. All updates are included with an annual subscription.

Private Equity Funds: Business Structure and Operations covers a wide range of important issues, such as: the key economic differences between various types of funds; structuring the private equity fund to meet economic expectations and investment goals; securing maximum tax benefits for the sponsor of the fund; duties of the fund's General Partner and Investment Advisor; the major regulatory issues affecting the private equity fund; and much more.

What’s New?
Private Equity Funds: Business Structure and Operations remains current to reflect the aftermath of the financial crisis of 2007 to 2009. The authors also focus on cyber risk and the compliance obligations of investment advisers.

Chapters Include:

An Introduction to Private Equity Funds
Key Economic Terms: Carried Interest, Management Fees and Other Income
General Structural Issues For Domestic Funds
General Structural Issues For the General Partner and The Manager
Taxation of the Private Equity Fund and the Investors
Taxation of the General Partner
Miscellaneous Tax-Related Topics
Regulatory Issues Affecting The Private Fund and the Manager
Implementing the Economic Bargain: The Private Equity Fund Limited Partnership Agreement
Implementing the Economic Bargain: The Limited Liability Company Agreement for the General Partner
APPENDIX A: Summary of Principal Terms
APPENDIX B: Certificate of Limited Partnership
APPENDIX C: Short-Form Partnership Agreement
APPENDIX D(1): Amended and Restated Agreement of Limited Partnership (Basic)
APPENDIX D(2): Amended and Restated Agreement of Limited Partnership
APPENDIX E: Investment Management Agreement
APPENDIX F: Certificate of Formation for Limited Liability Company
APPENDIX G: Short Form Limited Liability Company Agreement
APPENDIX H(1): Limited Liability Company Agreement for General Partner
APPENDIX H(2): Limited Liability Company Agreement for General Partner
APPENDIX J(1): Subscription Agreement (A Section 3(c)(1) Fund)
APPENDIX J(2): Subscription Agreement (A Section 3(c)(7) Fund)
APPENDIX J(3a): Request for Taxpayer Identification Number and Certification
APPENDIX J(3b): Instructions for Form W-8BEN
APPENDIX K: Clawback Guaranty
APPENDIX L: Legal Opinion
APPENDIX M: Form of Anti-Money Laundering Compliance Policy
APPENDIX M(1): Form of Anti-Money Laundering Policy
APPENDIX N: Limited Partnership Agreement for Hedge Fund
APPENDIX O: Declaration of Trust
APPENDIX P: Investment Advisory Agreement
APPENDIX Q: Pledge Fund
APPENDIX R: New Issue Questionnaire
APPENDIX S: Form of Confirmation Letter
APPENDIX T: Amended and Restated Certificate of Limited Partnership
APPENDIX U: Amended and Restated Agreement of Limited Partnership
APPENDIX V: Amendment to Amended and Restated Agreement of Limited Partnership
APPENDIX W: Amended and Restated Agreement of Limited Partnership of Mezzanine Partners
APPENDIX X: Rule 506 Questionnaire

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