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Private Investment Funds

Rimon advises sponsors of private investment funds across a wide spectrum of asset classes, investment strategies and delivery vehicles, including:

  • Hedge funds that engage in long short, global macro, event-driven, multi-strategy, market neutral, relative value and commodities strategies.
  • Private equity funds.
  • Funds of funds and master feeder funds.
  • Venture capital funds.
  • Leveraged buyout funds.
  • Real estate funds.
  • Charitable funds.
  • Family office funds.
  • Special purpose investment vehicles.

We counsel private fund sponsors on structuring, operational and distribution matters, including: 

  • Conditions to the availability of exclusions from the 1940 Act.
  • Application of ERISA's plan assets regulation to various fund structures.
  • ERISA issues related to seeding investment funds with employer 401(k) and IRA accounts.
  • Negotiation of key service provider agreements, including advisory agreements, administration agreements, custody agreements; prime brokerage agreements and placement agency agreements.

We partner closely with local counsel in offshore jurisdictions to ensure efficient and well-coordinated new fund launches. 

Representative Transactions

Our attorneys have worked on the following transactions:

  • Structured and documented a wide variety of hedge funds employing complex capitalization structures and profit allocations.
  • Structured and documented a Cayman Islands-domiciled credit opportunities fund operating as an ERISA plan assets vehicle for a U.S. registered investment adviser.
  • Launch of master feeder and funds of funds that invest in underlying alternative investment funds across a wide range of hedge fund and private equity fund strategies.
  • Pioneered use of Delaware Series LLCs to provide flexibility to multi-fund structures.

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Rimon Attorneys With Expertise in Private Investment Funds Include: