Estate planning behind funds and private equity
Individuals as well as businesses need advice. Dechert’s private client group puts the individual front and center to formulate the best planning for their circumstances.
impacts of planned business strategies on the individual and their families.” As U.S. laws have extensive extra- territorial reach, the team also has expertise to advise on estate planning
Behind every successful business are the individuals that drive it. Dechert’s integrated approach means that alongside our flagship investment management, corporate and private equity capabilities, clients have access to personal estate planning advice from our leading private client group.
planning. A holistic approach to legal advice means the best result not just for the corporate or fund, but for the individuals concerned.
Amy Ufberg, who heads the team, explains: “When private client practitioners are integrated into corporate or finance transactions early, we add significant value. Closely held Behind every corporate transaction, private equity financing or funds launch there are individuals whose estate planning needs should be considered.” Amy Ufberg Partner “ FIFTHDELTA launches Europe’s largest hedge fund business owners, as well as hedge fund and private equity principals, require critical advice on the legal for U.S. nationals or their families located across the globe, as well as international businesspeople operating in the U.S. Dechert’s private client group has deep knowledge of corporate structuring, shareholder and voter agreements and liquidity issues, twinned with expertise in the efficient transfer of wealth through the use of lifetime gift, estate and generation-skipping transfer tax
Hedge funds prove value in volatile times with FIFTHDELTA’s US$1+ billion launch highlighting significant investor demand for absolute return strategies.
“FIFTHDELTA’s US$1.3 billion raise was the largest hedge fund launch in Europe, highlighting a significant increase in demand for absolute return strategies,” says London partner Craig Borthwick. “In these uncertain times, the role of hedge funds in generating returns in periods of market volatility and offering diversification from the market movements has led to investors increasing allocations to hedge fund strategies. FIFTHDELTA, and its high- profile investment team, was one of a number of hedge funds to benefit from a favorable capital-raising environment.” Borthwick led a team of U.S. and UK financial services, regulatory and tax
specialists advising on all aspects of the formation and structuring of the fund, including David Henshaw (London), Dona Treska (London), Laurel Neale (U.S. regulatory), Dan Hawthorne (UK tax) and Adrienne Baker (U.S. tax). A particular challenge was managing multiple and involved investor negotiations, a result of the scale of the launch. “Ensuring consistency of terms and holding the line on the client’s commercial priorities was key,” says Borthwick. “Large hedge fund structures require in-depth knowledge of funds, regulation and tax across jurisdictions as well as a clear understanding of the client and their goals,” says Borthwick. “With
decades of expertise in funds and a track record of innovation, our team was in an optimal position to ensure a smooth and successful launch.” The launch of FIFTHDELTA is notable not only for its size but as a benchmark of the upward trajectory of the hedge fund industry.” Craig Borthwick Partner “
12
Powered by FlippingBook