Course Description
This intensive 10-day course provides a comprehensive overview of fund formation and legal structuring for private investment funds. Participants will gain in-depth knowledge of regulatory frameworks, fund structuring techniques, and key legal documents. The course covers various fund types, capital raising processes, and essential legal considerations for fund managers and investors.
Learning Objectives
- Understand the legal and regulatory landscape for private investment funds
- Master the process of structuring different types of investment funds
- Develop proficiency in drafting and analyzing key fund documents
- Navigate complex legal and tax considerations in fund formation
- Gain practical skills in fund governance and investor relations
Course Modules
Day 1: Introduction to Private Investment Funds
- Overview of private equity, venture capital, and hedge funds
- Regulatory framework for private funds
- Key players in the fund ecosystem
- Fund structures and jurisdictions
Day 2: Fund Formation Process
- Steps in launching a private fund
- Choosing the right legal entity
- Regulatory filings and registrations
- Timeline and budget considerations
Day 3: Fund Structuring Techniques
- Limited partnerships and other legal structures
- Onshore vs. offshore fund considerations
- Master-feeder and parallel fund structures
- Tax-efficient structuring strategies
Day 4: Key Legal Documents I
- Private placement memorandums (PPMs)
- Limited partnership agreements (LPAs)
- Subscription agreements
- Side letters
Day 5: Key Legal Documents II
- Investment management agreements
- Advisory agreements
- Service provider agreements
- Confidentiality and non-disclosure agreements
Day 6: Capital Raising and Investor Relations
- Marketing regulations and restrictions
- Investor due diligence processes
- Negotiating with institutional investors
- Ongoing investor reporting requirements
Day 7: Fund Terms and Economics
- Management fees and carried interest structures
- Waterfall calculations and clawbacks
- Expense allocations and fee offsets
- Performance reporting and valuations
Day 8: Regulatory Compliance
- Investment Advisers Act requirements
- Anti-money laundering (AML) compliance
- FATCA and CRS reporting
- ESG considerations and impact investing
Day 9: Fund Governance and Operations
- Roles of general partner and investment manager
- Advisory boards and committees
- Conflicts of interest management
- Operational due diligence best practices
Day 10: Advanced Topics and Trends
- Co-investment structures
- Secondary transactions and GP-led restructurings
- Fund finance and subscription credit facilities
- Emerging trends in fund structures and terms
Practical Wins for Participants
- Ability to structure a private investment fund from inception to launch
- Proficiency in drafting and negotiating key fund documents
- Enhanced understanding of regulatory compliance requirements
- Improved skills in fund governance and investor relations management
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
