Private Equity Pledge Funds: Structuring, Terms and Conditions, Operations, Complying With Investment Advisers Act
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will discuss features of pledge funds and the pros and cons of these industry funds compared to blind pool funds or the separately managed account model. The program will also address where the pledge fund fits in the current regulatory landscape.
- Background and structure
- Terms and conditions
- Management fees
- Carried interest
- Pledge fund operations: timing and investment process
- Structuring pledge funds under the Investment Advisers Act
The panel will review these and other vital questions:
- What market factors have caused investors to look more closely at more direct investments?
- What advantages do pledge funds present for investors?
- How are sponsor management fees and carried interest structured for pledge funds?
- How are pledge funds structured under the Investment Advisers Act?
Anne C. Choe
Willkie Farr & Gallagher
Ms. Choe is a partner in Willkie’s Asset Management Group. She advises a wide range of pooled investment... | Read More
Ms. Choe is a partner in Willkie’s Asset Management Group. She advises a wide range of pooled investment vehicles, including mutual funds, exchange-traded funds (ETFs), private funds (hedge funds, private equity funds and venture capital funds) and their sponsors and investment managers. Ms. Choe has in-depth knowledge of the various securities and other laws applicable to pooled vehicles and regularly counsels investment advisers and family offices on a variety of SEC regulatory filings and compliance matters.Close
Willkie Farr & Gallagher
Mr. Proctor is a partner in the Asset Management Group. He advises private fund managers on structuring, establishing,... | Read More
Mr. Proctor is a partner in the Asset Management Group. He advises private fund managers on structuring, establishing, and operating private investment funds, including blind pools, co-investment funds, pledge funds, single investment funds, and other investment vehicles. Mr. Proctor also represents fund managers on their internal structuring and compensation matters and frequently advises clients in connection with co-investments and seed investments in asset managers, as well as buyers and sellers in secondary market transactions involving private fund interests and portfolios of assets held by private funds. His practice extends beyond fund managers to include institutional investors and family offices in connection with their investments in various private equity vehicles.Close