Fund Formation & Investment Management

Stoel Rives provides comprehensive services to investment fund sponsors, managers, and general partners in connection with the formation and structuring of private equity, venture capital, buyout, and hedge funds, including advising on and forming feeder funds, parallel funds, and other multi-fund structures. Our professionals also provide an extensive range of due diligence services to investors including institutions, public and private companies, and charitable organizations. Our expertise encompasses fund formation and securities offerings, regulatory compliance, tax planning, and investor relations. We work closely with investment advisers, fund managers, investment consultants, institutional investors, and family offices in offering strategic guidance to ensure compliance with evolving regulatory frameworks and to optimize fund investment analysis and selection, and ongoing operational matters regarding fund portfolio acquisitions and dispositions.

Key Contacts

Summary of Key Services

Fund Formation & Structures

Private equity, venture capital, buyout, and hedge funds
Feeder, parallel, multi-fund and offshore structuring
Fee and compensation strategies
Mergers and reorganizations of investment advisors or funds and deregistration of funds

Regulatory Compliance

Strategic insights on current and likely future regulatory issues, especially in multi-jurisdictional contexts
Provide guidance on SEC registration, reporting, and disclosures and Investment Company Act and Investment Advisers Act requirements and exemptions
Assist in review of compliance programs and procedures, including independent board functions and selection of independent directors.
Obtain no-action and interpretative letters from SEC, IRS, and state agencies
Advise on communications and record-keeping; securities transactions by fund personnel; applicability of anti-fraud provisions of U.S. securities laws; foreign custody of investment company assets; “look through” of repurchase agreements; “voting trust” determinations under the Investment Company Act; and ESG reporting requirements and determinations

Investor Relations & Transactions

Manage partnership and fund agreements
Facilitate fund investment offerings
Negotiate investor rights

Tax & Financial Planning

Tax-efficient fund structuring
ERISA and CFTC registrations
Set up or advise regarding procedures

Specialized Business Services

Assist in employment agreements, intellectual property matters, and litigation
Analyze fund complexes and counsel investors regarding mitigating risks and expenses, including fees, tax status protection, and side letters
Strategize for asset transactions and exit plans
Represent clients during SEC examinations and other regulatory inquiries
Advise on fund investments, including asset acquisitions and dispositions and joint ventures