Raising Capital for Investment Funds: Analyzing the Current State of the Market

This program, presented by Michele Itri and Beth Smigel, will review the current environment and trends in capital raising by investment fund managers, and the structures and terms of seed capital arrangements, and other options for managers to attract investment capital in a tight capital raising market. In addition, the course will examine the tax and business consequences for both the investor and the manager of the various structures.

This program will benefit attorneys, investment fund managers and investors, and other service providers who practice in the investment management space.

Learning Objectives:

1. Identify the structures of various investment fund seeding arrangements
2. Negotiate terms for seed capital investments and manager participation rights
3. Compare seed capital to founder share class and side letter alternatives
4. Assess the current environment for seed and general capital raising, including the pandemic impact