Overview
Honigman advises fund sponsors, institutional investors, and other market participants throughout the entire lifecycle of private investment funds. We provide strategic counsel on fund formation, structuring, governance, compliance, investment and transactional matters across a diverse array of investment strategies. Clients trust our experienced attorneys for their practical, business-focused approach, delivering sophisticated legal guidance with efficiency and cost-effectiveness.
We work with private equity, venture capital, credit funds, real estate funds, and other alternative investment vehicles. Our team also has significant experience structuring special purpose vehicles (SPVs), funds-of-one, co-investments, and joint ventures. With a deep understanding of evolving market trends, regulatory requirements, and investor priorities, we help clients navigate the complexities of fund management and investment execution.
Formation of Investment Funds
Honigman has advised clients in launching private funds across a variety of industries, including real estate, infrastructure, credit and venture capital. Our attorneys guide fund sponsors through all aspects of fund administration—from initial strategy and structuring through liquidation. Whether drafting private placement memoranda in a shifting regulatory landscape, negotiating investor agreements, or structuring tax-efficient fund vehicles, we deliver comprehensive solutions backed by a cross-disciplinary team.
Representation of Limited Partners
Honigman represents a wide range of investors, including fund principals, limited partners, seed investors, asset managers, strategic investors, co-investors, high net-worth individuals, institutional investors, and family offices in their review of funds – whether passive investors needing help evaluating existing fund terms, or large, lead investors seeking to prescribe fund terms, including negotiation of side letters. Our experience and our efficient review processes help clients navigate the business and legal aspects of fund investments.
With the desire of investors to improve returns, co-investments structures are becoming more prevalent among asset managers and other investors. We advise on structuring and documenting co-investments and other strategic relationships among investors, including the tax, regulatory, control, and economic issues presented by these transactions.
Fund Restructuring & Follow-On Fundraising
We assist our clients in restructuring fund commitments in response to investor requests and evolving market conditions. While representing fund sponsors, our attorneys work closely with limited partner counsel to negotiate adjustments to commitments, implement alternative financing solutions, and address tax and conflict considerations.
Capital Commitment Subscription Facilities
We assist fund clients in securing capital commitment subscription facilities, leveraging our deep knowledge of fund operations and lender preferences. Our team has worked with leading subscription facility lenders and understands the evolving terms and structures that impact fund financing in changing market environments.
Secondaries Practice
Honigman has strong experience conducting transactions in the secondaries market. Bringing to bear our experience in real estate, venture capital and private equity fund formation, we structure, negotiate and document secondary transactions. We have substantial corporate, securities, regulatory and tax expertise which we apply to solve problems and create liquidity solutions.
Our secondaries practice includes structuring and negotiating liquidity solutions transaction for sellers and buyers. We help our clients to navigate the process smoothly and in a timely manner. Our secondary transactions work includes all asset classes, including private equity, credit, real estate, venture capital and infrastructure.
