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Fund Formation and Management

An Experienced Legal Team for the Entire Lifecycle of a Fund

The complexities of forming and managing an investment fund are vast and varied — from changing market trends and investment strategies, to shifting tax and regulatory requirements. Navigating this landscape while maximizing return on investment presents both challenges and opportunities for fund sponsors, and requires a team that can seamlessly coordinate across practice areas to deliver timely advice and innovative solutions.

Saul Ewing Arnstein & Lehr’s Fund Formation and Management Practice represents international and domestic firms across the spectrum of private investing, including private equity, venture capital, family office, real estate and Opportunity Zones, EB-5 financing, cannabis, impact investing and more. While we represent large, sophisticated fund sponsors, we have considerable experience with middle market firms and emerging managers. We advise on all aspects of a fund’s lifecycle, including:

  • Formation of fund vehicles with optimal tax-efficient structures
  • Preparation of investment documents and intra-firm agreements
  • Capital raising, investor onboarding and investor relations
  • Direct investments and co-investments, and sales and other dispositions of portfolio companies
  • Fund restructurings and secondary sales
  • Closing of the fund
  • Management team compensation
  • Succession of leadership and other partner transitions
  • Subscription lines of credit
  • Insurance coverage
  • Compliance with tax, securities and other regulatory requirements

In addition, our attorneys have extensive and relevant experience representing real estate investment trusts (REITs) in all aspects of their lifecycles.

Our Fund Formation and Management team regularly collaborates with attorneys in complementary practices—such as Tax, Mergers and Acquisitions, Securities Transactions and Regulation, Real Estate, Global Immigration and Foreign Investment, and Cannabis Law—when related matters arise to provide our clients with efficient and streamlined support.

Experience

Saul Ewing Arnstein & Lehr attorneys advised on these select fund formation representations:

  • The founder, general partner and fund operator in the formation of a $1.1 billion alternative investment fund in mortgage-backed securities sponsored by a major private equity firm.
  • A private equity sponsor in the formation of a $100 million distressed company private equity fund.
  • A venture capital firm in the formation of a $20 million fund focused on early-stage technology and other operating companies.
  • An investment management firm in forming a cannabis investment fund.
  • A merchant banking firm in acquiring a fund manager and related funds.
  • A family office with a focus on energy infrastructure in the formation of its fund structure.
  • A real estate developer in effecting a leadership transition and restructuring the family of fund entities.
  • A real estate developer in the formation of a $150 million fund for investing in multi-family housing and retail properties in the Mid-Atlantic and Southeast regions of the U.S.
  • A real estate developer in the formation of a blind-pool fund for investing in real estate properties in the Southeast.
  • An investment company in the formation of a fund to purchase tax-lien certificates in Florida.
 

Recognition

The group includes attorneys who have received the following recognition:

Trade Groups & Associations

Contacts

Michael A. Gold
Alfred W. Coleman
Nicholas C. Stewart