Drinker Biddle’s investment management lawyers offer significant experience in all aspects of the development and offering of pooled investment vehicles.
The lawyers in the group have represented funds, investment advisers, investment bankers, broker-dealers, insurance companies, banks, holding companies, trust companies and other financial institutions in connection with the planning, structuring, organizing, funding, documentation, and day-to-day operation of a variety of alternative investment products.
Domestic and Offshore Hedge Funds. Drinker Biddle’s investment management lawyers are well versed in the regulations affecting domestic and offshore hedge funds and private equity funds. We regularly interact with regulatory and enforcement agencies to effectively promote our clients’ interests. We consult with the applicable regulatory agencies, including the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Department of Labor, the Internal Revenue Service, the Commodity Futures Trading Commission and various industry organizations, as necessary, regarding new legislative and administrative proposals and regulations.
We have extensive experience in setting up new hedge funds and the related documentation and agreements. Our hedge fund experience includes organizing master-feeder funds, fund of funds and multi-class hedge fund structures, and assisting in the negotiation of direct purchases through vehicles such as PIPEs (private investments in public equity). Once a fund is organized, at the client’s request, we can assist with the development of a compliance program that is appropriately tailored to the needs of each particular fund and the conduct of its business.
Registered Hedge Funds. Drinker Biddle’s investment management lawyers combine their registered fund experience and resources with their proficiency in the rapidly evolving world of alternative investment products. This combination allows us to provide seamless legal services for money managers contemplating the offering of registered fund of funds or registered hedge fund products.
Alternative Strategy Mutual Funds. Drinker Biddle’s investment management lawyers have extensive experience in counseling and organizing alternative strategy mutual funds, including managed futures and commodity-linked funds. We have counseled many advisers with regard to use of leverage, asset segregation requirements, tax compliance (including use of offshore subsidiaries), CFTC and SEC regulations, as well as compliance and risk management requirements and best practices.
Enforcement and Securities Litigation. Our securities litigation lawyers have experience in investment management litigation and enforcement proceedings.