Fees and Expenses Provisions in Investment Fund Agreements
Disclosure and Reporting Obligations, Investor and Sponsor Concerns
A live 90-minute premium CLE webinar with interactive Q&A
This CLE webinar will provide private equity counsel with guidance on drafting and negotiating fees and expenses provisions in investment fund agreements. The panel discussion will include current trends in deal terms as revealed in the 2018 Fees and Expenses Benchmarking Survey (the PFM Survey).
- Fees and expenses generally
- Transaction fees
- Management fees
- Breakup fees
- Regulatory concerns
- Trends in recent fund agreements: 2018 survey
- Greater disclosure
- Expenses charged to co-investors
- Break-up fees
- Capping of fund fees
- Regulatory costs
- Implications of reduced fees payable to sponsor
The panel will review these and other key issues:
- Why are fees and expenses such a contentious issue between sponsors and investors? Which are the most sensitive?
- What are the most significant trends revealed by the 2018 Fees and Expenses Benchmarking Survey about fees, expenses, and reporting?
- How have transaction and management fees evolved?
- What are the chief concerns for co-investors about fees and expenses?
Patrick J. Bianchi
Mr. Bianchi is a member of the firm’s Corporate and Securities, Fund Services and Emerging Growth Practice... | Read More
Mr. Bianchi is a member of the firm’s Corporate and Securities, Fund Services and Emerging Growth Practice Groups. He regularly represents emerging growth companies and investors in such companies in various corporate and securities transactions. Mr. Bianchi maintains particular expertise in the formation and operation of private equity investment partnerships, including partnership terms, securities laws matters and other regulatory considerations. His experience includes venture capital financings, private and public securities offerings, mergers and acquisitions and corporate governance matters.Close
Julia D. Corelli
Ms. Corelli co-chairs Pepper Hamilton LLP’s Funds Services Group, a core constituent of its Investment Funds... | Read More
Ms. Corelli co-chairs Pepper Hamilton LLP’s Funds Services Group, a core constituent of its Investment Funds Industry Group (IFIG). She concentrates in private investment fund formation, operations and compliance, private equity investment transactions, venture capital investments, acquisitions, dispositions and financings of business enterprises, joint ventures, and intra-partner dealings. She also is experienced in matters of investment fund principal compensation and succession planning and serves as general outside counsel to family offices.Close
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