Evergreen Fund Structures in Private Markets: Formation, Operation, Strategic Advantages, Risk Allocation
Navigating the Complexities of Evergreen Funds and Adapting to Changing Market Conditions
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE webinar will explore the evolution and recent growth of evergreen fund structures in private markets. The panel will discuss the various structuring options for evergreen funds and how they compare to traditional closed-end funds, the strategic advantages that make evergreen funds an attractive option, and the challenges and drawbacks with evergreen funds.
Outline
- Overview: the evolution and growth of evergreen fund structures in private markets
- How evergreen fund structures differ from closed-end structures
- Various types of evergreen fund structures
- Advantages of evergreen fund structures
- Challenges and drawbacks of evergreen fund structures
- Hybrid structures
- Practitioner takeaways
Benefits
The panel will review these and other key considerations:
- How have evergreen funds evolved and why is there growing interest in these types of investment vehicles?
- What are common characteristics found in the evergreen structures currently being used in the private markets?
- What are the strategic advantages of evergreen fund structures?
- What are the challenges and risks with evergreen fund structures, and can these drawbacks be mitigated by incorporating a hybrid fund structure?
Faculty
Kevin Cassidy
Partner
Seward & Kissel
Mr. Cassidy practices in the firm’s Investment Management Group. He primarily represents institutional, emerging... | Read More
Mr. Cassidy practices in the firm’s Investment Management Group. He primarily represents institutional, emerging and first-time managers of private investment funds, including hedge funds, private equity funds, credit funds, venture capital funds, and real estate funds, with respect to formation, fundraising, regulatory compliance, and other day-to-day legal and operational issues. He also represents wealth and investment advisors. In addition, Mr. Cassidy advises on a wide range of business combinations in the asset management industry.
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Stephanie Pindyck Costantino
Partner
Troutman Pepper Locke
Ms. Costantino represents venture capital and private equity fund managers with respect to private investment funds.... | Read More
Ms. Costantino represents venture capital and private equity fund managers with respect to private investment funds. Clients rely on her for advice and counsel on fund formation matters for onshore and offshore investment funds, operations and compliance, private equity investment transactions, venture capital investments, acquisitions, dispositions, joint ventures, and intra-partner dealings. She is particularly experienced in energy and natural resources, financial services, and health care services. Ms. Costantino routinely advises clients on Investment Advisers Act compliance programs, annual reviews, and ongoing compliance matters, as well as regulatory examinations and investigations. She also has significant experience representing financial institutions in a variety of regulatory matters. Ms. Costantino also represents domestic and foreign institutional investors and their advisors with investments across a wide range of industry sectors. She is experienced in fund structures, management and back office arrangements, and handles a variety of matters relating to ongoing operations of private investment funds.
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James L. Severs
Attorney
Troutman Pepper Locke
Mr. Severs advises clients on transactional and regulatory matters, including the formation of privately offered... | Read More
Mr. Severs advises clients on transactional and regulatory matters, including the formation of privately offered investment funds; the formation, registration, and offering of publicly traded closed-end investment companies, business development companies, and exchange-traded funds. He also advises on the operation of commodity pools; public securities offerings (including IPOs); and compliance with the Investment Advisers Act of 1940, Investment Company Act of 1940, Commodity Exchange Act, Securities Act of 1933, and the Securities Exchange Act of 1934.
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