Investment Managers

Advising investment managers is core to our practice. Our team is positioned to promptly respond to the full range of legal issues that investment managers face in the course of their business operations. We serve as a trusted advisor to firm principals when it comes to initial structuring issues and upper-tier arrangements, and then later on when it is time to consider capital raising, acquisitions, sales and exit strategies.

We also provide advice and guidance on all registration matters, securities regulation and compliance reviews, as well as the myriad operational issues that arise with respect to everything from employment agreements and profit sharing to firm marketing activities. The breadth of our experience means our clients can be confident that their business and management operations will be conducted in accordance with best legal practices in the investment industry.

We are not just another outside law firm with the requisite knowledge and experience. We invest the time and attention in each of our clients necessary to function effectively as part of their team. We combine the perspective and experience you seek in outside counsel with the instincts and responsiveness you expect from someone sitting right down the hall.

Click here for examples of the advice and matters we provide our investment manager clients
  • Advise principals on business structure and negotiate upper-tier arrangements
  • Advise on employment matters, including applicability of restrictive covenants (e.g. non-competition, non-solicitation, and confidentiality) and structuring of profit participation and deferred compensation arrangements
  • Draft and negotiate employment agreements and separation agreements
  • Advise investors and managers on seeding relationships and negotiate seeding agreements
  • Represent managers in connection with capital raising transactions, restructurings and recapitalizations
  • Assist with various registration requirements, including the applicability of the Investment Advisers Act of 1940 (“Advisers Act”) and interplay with state regulatory requirements, applicability of registration requirements under the Advisers Act to non-U.S. managers, registration requirements under the Commodity Exchange Act and related regulatory filings, including Form ADV and National Futures Association exemption filings
  • Advise on marketing activities, including the use of finders and placement agents, and assisting with offering related regulatory filings (such as Form D and state blue sky filings)
  • Review marketing presentations and other marketing materials, including website disclosures and investor communications
  • Assist with regulatory audits from multiple regulatory agencies, including routine examinations by the SEC and the NFA
  • Assist with annual compliance reviews and regulatory filings, including review of compliance manuals, code of ethics, Form ADV, Form PF and anti-money laundering policies