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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.



The group includes attorneys who have received the following recognition:

Trade Groups & Associations


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