Private Equity Funds: Business Structure and Operations

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Law Journal Press, Aug 28, 2017 - Law - 550 pages
4 Reviews
"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 resource, will equip corporate lawyers, investment professionals, and tax practitioners and with best practices to manage these funds effectively.

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 Advis∨ the major regulatory issues affecting the private equity fund; and much more.

Private Equity Funds: Business Structure and Operations reflects the aftermath of the financial crisis of 2007 to 2009. The authors also focus on cyber risk and the compliance obligations of investment advisers.
 

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Good technical book.
Used for
1) structure and costs of funds
2) carried interest inclusion in fees 

Contents

CHAPTER
1-1
06A Real Estate Funds
1-32
Preferred Returns 217
2-1
CHAPTER 2
2-2
General Structural Issues
3-1
General Partner and The Manager
4-1
Taxation of the Private Equity
5-1
CHAPTER 6
6-1
CHAPTER 9
9-1
Interest
9-2
Summary of Principal Terms
A-1
Certificate of Limited Partnership
A-15
Equity Fund Partnership
D-67
Investment Management
E-1
Limited Liability Company
H-1
Limited Liability Company Agreement
H-35

Miscellaneous TaxRelated Topics
6-31
CHAPTER 8
7-27
vi Retirement Plans Pensions
8-37
2 Avoiding Plan Assets 854
8-54
4 Significant Participation 861
8-61
5 Internet Offerings 871
8-71
Subscription Agreement
J-37
Clawback Guaranty
L-1
Banking Funds 121
1-1
9 Additional Investors
1-8
Copyright

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About the author (2017)

James M. Schell is a partner in the New York office of Skadden, Arps, Slate, Meagher & Flom LLP. He represents private investment funds, banks, insurance companies, investment banking firms and other financial institutions in a broad range of financing and investment transactions. Mr. Schell heads the interdisciplinary group at Skadden Arps, which focuses on private investment funds, including leveraged buyout, venture capital and hedge funds, as well as investment funds designed to invest in particular countries or regions such as China or Latin America.Mr. Schel's work also includes a substantial number of merchant banking and venture capital transactions in which financial institutions or private equity funds acquire significant equity stakes. These transactions involve a diverse mix of equity interests, ranging from convertible debt and preferred stock to warrants and common stock. Mr. Schell, who received his J.D. degree from Columbia University Law School, is a lecturer at the Institute of International Research and American College of Investment Counsel programs.

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