Private Equity Funds

"The best guide to private equity funds. Insight and explanations for both fund sponsors and investors. The gold standard."

— Andrew Zalasin, General Partner and 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 with best practices to manage these funds effectively.

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

Private Equity Business Structure and Operations covers a wide range of important issues, such 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 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

An Introduction to Private Equity Funds

Key Economic 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 The Private Equity Fund Limited Partnership Agreement

Implementing the Economic The Limited Liability Company Agreement for the General Partner

APPENDIX  Summary of Principal Terms

APPENDIX  Certificate of Limited Partnership

APPENDIX  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  Investment Management Agreement

APPENDIX  Certificate of Formation for Limited Liability Company

APPENDIX  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  Clawback Guaranty

APPENDIX  Legal Opinion

APPENDIX  Form of Anti-Money Laundering Compliance Policy

APPENDIX M(1):  Form of Anti-Money Laundering Policy

APPENDIX  Limited Partnership Agreement for Hedge Fund

APPENDIX  Declaration of Trust

APPENDIX  Investment Advisory Agreement

APPENDIX  Pledge Fund

APPENDIX New Issue Questionnaire

APPENDIX Form of Confirmation Letter

APPENDIX  Amended and Restated Certificate of Limited Partnership

APPENDIX Amended and Restated Agreement of Limited Partnership

APPENDIX Amendment to Amended and Restated Agreement of Limited Partnership

APPENDIX Amended and Restated Agreement of Limited Partnership of Mezzanine Partners

APPENDIX Rule 506 Questionnaire Book #00651; looseleaf, one volume, 1,424 pages; published in 1999, updated as needed; no additional charge for updates during your subscription. Looseleaf print subscribers receive supplements. The online edition is updated automatically. 978-1-58852-088-3