{"id":4113,"date":"2021-04-08T17:44:43","date_gmt":"2021-04-08T17:44:43","guid":{"rendered":"https:\/\/www.rimonlaw.com\/?post_type=expertise&#038;p=4113"},"modified":"2024-03-26T15:24:36","modified_gmt":"2024-03-26T15:24:36","slug":"fund-formation","status":"publish","type":"expertise","link":"https:\/\/www.rimonlaw.com\/expertise\/fund-formation\/","title":{"rendered":"Fund Formation"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text] We help managers, sponsors, and limited partners of mid-market investment funds navigate the full scope of the legal challenges they face, from formation and capitalization to operations and acquisition and disposition of fund assets.\u202f With a rapidly expanding international investment fund management practice, we help our clients to form and operate funds with complex structures that meet the needs of both domestic and foreign investors. We advise on the structuring and formation of all kinds of funds, including CVC funds, seed funds, angel funds, private equity funds, hedge funds, ESG funds, opportunity zone funds and cryptocurrency funds. We advise all players in the space, from first-time fund sponsors, to experienced fund managers and institutional investors such as sovereign wealth funds and government pension plans.<\/p>\n<p>Our attorneys are well versed in the regulatory factors that fund sponsors and managers must take into consideration, including under the Investment Company Act, the Investment Advisers Act and the Securities Act. We advise on U.S. securities law matters, pay to play, lobbying laws, FCPA and AML compliance, placement agent arrangements, and other broker-dealer activities.\u202f We understand the complex ways in which regulatory issues intersect with tax considerations, especially for our clients with managers or investors located outside of the United States.\u202f\u202fOur attorneys have significant experience advising our multinational investment fund clients\u202fin the design and implementation of tax-efficient global finance\u202fand\u202ftrading\/distribution structures, and\u202fin connection with\u202fU.S.\u202fand\u202fforeign tax audits and controversies.<\/p>\n<p>For many of our clients, we serve as trusted counsel, representing them on an ongoing basis in sequential fund formations, and following formation, in the deployment of the funds\u2019 capital.\u202fWe also frequently leverage our connections in the startup and investor communities to connect companies and their founders with investors looking for new opportunities. [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_tta_accordion active_section=&#8221;0&#8243; collapsible_all=&#8221;true&#8221;][vc_tta_section title=&#8221;Venture Capital, CVC, Seed, and Angel Funds&#8221; tab_id=&#8221;1621615346951-98103ca0-22f3&#8243;][vc_column_text]<\/p>\n<ul>\n<li>Representation of the fund manager in connection with the structuring and formation of Mithril Fund I LP, a $500 million venture capital fund focused on growth equity.<\/li>\n<li>Representation of\u202fthe Band of Angels Acorn Fund I in connection with its investment fund formation.<\/li>\n<li>Advised Telenor ASA on the formation of F&amp;J Labs and Telenor&#8217;s investment in F&amp;J Labs\/Telenor Co-Invest I, L.P., Co-Invest II L.P., and Co-Invest III, L.P.<\/li>\n<li>Represented oil and gas company sponsor on the formation of numerous investment funds with capital commitments of $250 million dollars with taxable and tax-exempt investors.<\/li>\n<li>Representation of\u00a0Rich Global Ventures, LLC in connection with the formation of its cannabis fund.<\/li>\n<li>Representation of a NYSE-listed company in connection with spin-out of an internally managed venture capital fund.<\/li>\n<li>Representation of a prominent investment management firm in connection with the structuring and formation of over ten new funds, including associated disclosure documentation.<\/li>\n<li>Negotiation of the termination and dissolution of a CVC group for a major telecommunications and media company.<\/li>\n<li>Formation of a growth-stage venture capital fund. $200 million in capital commitments, closed 2019.<\/li>\n<li>Formation of a growth fund sponsored by a technology accelerator for investments in its companies. Capital commitments to-date exceed $50 million, initial closing 2019.<\/li>\n<li>Formation of an early-stage\/seed-stage technology fund. Capital commitments to-date exceed $7 million, initial closing 2020.<\/li>\n<li>Formation of a seed-stage fund focused on enterprise startups. Capital commitments exceed $15 million, closed 2020.<\/li>\n<li>Formation of a University alumni-adjacent seed\/early-stage fund to invest in startups formed by affiliated alumni. $2.5 million in capital commitments, closed 2020.<\/li>\n<li>Formation of a seed-stage fund focused on enterprise startups. Capital commitments exceed $15 million, closed 2020.<\/li>\n<li>Formation of a limited partnership vehicle for a CVC fund for a multi-state hospital group.<\/li>\n<li>Formation of a technology opportunity fund\u00a0with\u00a0$100\u00a0million in capital commitments, closed 2020.<\/li>\n<li>Formation of a technology buyout fund. Capital commitments to-date exceed $40 million, initial closing 2019.<\/li>\n<li>Representation of\u202fTAS Commerce Fund I in connection with\u202fthe\u202fformation and structuring\u202fof its Asia investment fund.<\/li>\n<li>Representation of\u00a0China Start-up Republic in connection with its investment fund formation<\/li>\n<li>Representation of\u00a0Menlo Asset-Backed Partners II in connection with its investment fund formation<\/li>\n<li>Representation of\u00a0Austin Glen Core LLC in connection with its formation and structure of its real estate acquisition fund.<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;Private Equity and Hedge Funds&#8221; tab_id=&#8221;1621615346962-8d0f0988-cd95&#8243;][vc_column_text]<\/p>\n<ul>\n<li>Representation of an investment bank in the formation of two multinational multi-tiered master-feeder hedge fund structures in compliance with the Investment Advisers Act, Investment Company Act, Securities Act, Securities Exchange Act, CFTC rules and other regulatory requirements.<\/li>\n<li>Representing a real estate company sponsors on the formation of an open-ended real estate funds with taxable and tax-exempt investors and foreign investors through leveraged blocker structures.<\/li>\n<li>Representation of a sponsor in the formation of $400 million co-investment fund and acquisition by fund of CSI television franchise.<\/li>\n<li>Representation of Kairos Investment Management Company in the formation of a $300\u00a0million\u00a0 fund\u00a0to invest in commercial real estate.<\/li>\n<li>Representation of a sponsor in the formation of a $300 million fund,\u00a0as well as in the formation and offering of securities of a $200 million fund, both formed for the purpose of acquiring entertainment profit participation interests.<\/li>\n<li>Representation of a fund manager in connection with the structuring and formation of a $200 million public equities hedge fund.<\/li>\n<li>Representation of a sponsor in the formation of a $100 million hedge fund investing in publicly traded equities.<\/li>\n<li>Representation of a sponsor in the formation of a $250 million opportunity fund formed for the purpose of acquiring real estate related debt and equity investments.<\/li>\n<li>Representation of a client in the formation of a $100 million fund formed for the purpose of acquiring CMBS bonds.<\/li>\n<li>Represented East Wind Capital, an independent, industry-focused investment banking firm serving the education, media &amp; entertainment, and consumer &amp; retail markets, in the formation of two special purpose investment funds.<\/li>\n<li>Representation of a real estate private equity sponsor in connection with the formation of\u00a0a $50\u00a0million\u00a0fund focused on multifamily apartments.<\/li>\n<li>Representation of a real estate private equity sponsor\u00a0in connection with the formation of a $100mm fund focused on multifamily and mixed-use properties located in San Francisco using\u00a0a\u00a0Master-Feeder structure to facilitate offshore investors.<\/li>\n<li>Representation of a sponsor\u00a0in the formation of a $150 million fund formed for the purpose of acquiring medical office buildings throughout the United States.<\/li>\n<li>Representation of a sponsor\u00a0in the formation of a $50 million fund formed for the purpose of acquiring multi-tenant commercial office and industrial properties in the Western United States.<\/li>\n<li>Representation of a sponsor\u00a0in the formation of a merchant banking $40 million fund formed for the purpose of investing in small- to medium-sized businesses located in the United States.<\/li>\n<li>Representation of a sponsor\u00a0in the formation of a $90 million fund formed for the purpose of acquiring and developing ultra-luxury eco-friendly resorts in Panama and Kenya.<\/li>\n<li>Representation of a\u00a0client in the formation of a $150 million fund formed for the purpose of acquiring medical office buildings throughout the United States.<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_tta_section][vc_tta_section title=&#8221;ESG and OZ Funds&#8221; tab_id=&#8221;1621615425018-2fe10ce5-fc4c&#8221;][vc_column_text]<\/p>\n<ul>\n<li>Representation of\u00a0the sponsor\u00a0in the formation of a $500 million evergreen fund investing in\u00a0a\u00a0\u00a0real\u00a0estate impact fund\u00a0focused\u00a0on\u00a0value-added real estate with a social impact component.<\/li>\n<li>Representation of fund managers on structuring, documentation, and regulatory matters for venture capital funds structured in compliance with the Qualified Opportunity Zone program.<\/li>\n<li>Representation of an investment management firm focused on emerging markets and impact investing in connection with the formation of a new fund.<\/li>\n<li>Representation of Calvert Social Investment Foundation, Inc. on the formation of, and placement of limited partnership interests in, Equity for Impact L.P. and\u00a0ImpactAssets\u00a0Funded Guarantee L.P., both Delaware limited partnerships.<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"featured_media":0,"template":"","expertise_category":[2123],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fund Formation - Rimon Law<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rimonlaw.com\/expertise\/fund-formation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fund Formation - Rimon Law\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text] We help managers, sponsors, and limited partners of mid-market investment 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