Private Equity Funds: Formation and Operation (2009) was published by Practising Law Institute; 'Hedge Fund Investment in Private Equity' and co-authored by Ms Stephanie Breslow.
The book helps you to choose the right organizational setting for funds and their sponsors; structure and implement ownership and compensation arrangements that work best for each fund; hire and retain the best fund talent; and qualify for the Securities Act’s private placement exemption, the IAA’s exclusion from registration as an investment adviser, and other exemptive relief.
The text of Private Equity Funds: Formation and Operation does explain the features, advantages, and drawbacks of PIPEs, SPACs, mezzanine funds, credit opportunity funds, and distressed funds, as well as the efficiencies created when private equity funds and hedge funds do converge. Private Equity Funds discusses the negotiation of terms between fund sponsors and investors, including fund size, the investment program, capital commitments and contributions, distributions, and related documentation.
