Publisher's Synopsis
"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 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 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 Advisor; the major regulatory issues affecting the private equity fund; and much more. What's New?Private Equity Funds: 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 Include: An Introduction to Private Equity Funds Key Economic Terms: 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 Bargain: The Private Equity Fund Limited Partnership Agreement Implementing the Economic Bargain: The Limited Liability Company Agreement for the General Partner APPENDIX A: Summary of Principal Terms APPENDIX B: Certificate of Limited Partnership APPENDIX C: 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 E: Investment Management Agreement APPENDIX F: Certificate of Formation for Limited Liability Company APPENDIX G: 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 K: Clawback Guaranty APPENDIX L: Legal Opinion APPENDIX M: Form of Anti-Money Laundering Compliance Policy APPENDIX M(1): Form of Anti-Money Laundering Policy APPENDIX N: Limited Partnership Agreement for Hedge Fund APPENDIX O: Declaration of Trust APPENDIX P: Investment Advisory Agreement APPENDIX Q: Pledge Fund APPENDIX R: New Issue Questionnaire APPENDIX S: Form of Confirmation Letter APPENDIX T: Amended and Restated Certificate of Limited Partnership APPENDIX U: Amended and Restated Agreement of Limited Partnership APPENDIX V: Amendment to Amended and Restated Agreement of Limited Partnership APPENDIX W: Amended and Restated Agreement of Limited Partnership of Mezzanine Partners APPENDIX X: 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. ISBN: 978-1-58852-088-3.
