Alternative Private Equity Structures: Continuation Funds, GP-Led Secondaries, and Permanent Capital Vehicles
Structuring and Negotiating Alternative Private Equity Structures for Investment Managers and Investors
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will analyze the current state of the investment market that has given rise to alternative private equity structures focused on liquidity, such as continuation funds, GP-led secondaries, and permanent capital vehicles. The panel will review the mechanics and the pros and cons of these alternative structures.
Outline
- Permanent capital vehicles
- Continuation funds
- General partner-led secondaries
Benefits
The panel will review these and other key issues:
- What are the market factors causing investors to look more closely at alternative private equity fundraising structures?
- What advantages do these structures present for general partners and investors?
Faculty
Michael A. DeNiro
Attorney
Willkie Farr & Gallagher
Mr. DeNiro’s practice is focused on transactional and regulatory matters involving registered investment... | Read More
Mr. DeNiro’s practice is focused on transactional and regulatory matters involving registered investment companies, including closed-end funds and business development companies, and their investment advisers. He regularly advises registered funds and their sponsors on regulatory and compliance matters, including with respect to co-investment transactions, as well as disclosure issues, corporate governance and other matters. Mr. DeNiro has particular experience advising on the structuring, registration and operation of interval funds and tender offer funds providing access to alternative investment strategies, including private credit and private equity.
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Kyung Woo (Kevin) Kim
Partner
Willkie Farr & Gallagher
Mr. Kim is an associate in the Corporate and FinancialServices Department of Willkie Farr& Gallagher in New York.... | Read More
Mr. Kim is an associate in the Corporate and FinancialServices Department of Willkie Farr& Gallagher in New York. He has concentrated his practice on structuring and negotiating complex businesstransactions for middle-market companies and private equity clients,including mergers, acquisitions,leveraged buyouts and debt and equityfinancings.
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John M. Knapke
Partner
Willkie Farr & Gallagher
Mr. Knapke is a partner in the Asset Management Department. His practice focuses on private investment funds. In the... | Read More
Mr. Knapke is a partner in the Asset Management Department. His practice focuses on private investment funds. In the area of fund formation, he has assisted sponsors with the formation of closed-end domestic and international funds, including funds focused on growth equity, distressed debt, energy, mezzanine and real estate investments. In addition to his sponsor-side work, Mr. Knapke also regularly advises investors in connection with primary and secondary investments.
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Deborah A. Tuchman
Partner
Willkie Farr & Gallagher
Ms. Tuchman has extensive experience representing hedge funds, funds of funds, commodity pools, investment advisers and... | Read More
Ms. Tuchman has extensive experience representing hedge funds, funds of funds, commodity pools, investment advisers and distributors of investment funds. She focuses on advising clients in connection with structuring domestic and offshore funds, negotiating side letters, separately managed account agreements and placement agreements, trading and conflict issues, and regulatory compliance. Ms. Tuchman also routinely advises family office clients and other high net worth and institutional investors in connection with investments in private investment funds and co-investment vehicles.
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