Investment Funds

Our dedicated investment funds team specialises in all aspects of alternative investment funds law, including real estate, private equity, crowd funding and debt and infrastructure funds in addition to other asset-holding structures.

We offer our clients a full range of legal services from a fund’s inception right through to its dissolution or disposal, and encompassing potential restructuring, consideration of exit strategies including AIM or full market listing, buy-out or portfolio sale.

In every case, our aim is the same – to provide clear and timely advice that enables our clients to achieve their commercial objectives.

We advise on:

    • Fund structuring
    • Taxation
    • Regulation
    • Financing
    • Marketing and equity raising
    • Establishment, operation and winding-up
    • Reorganisation
    • Investor participation
    • Secondary transactions

The team is recognised for establishing and advising on both onshore and offshore structures, including traditional private equity type structures, limited partnerships, LLPs, companies and unit trusts. Together with our corporate and property transactional teams and our banking, employment and tax teams, we also provide seamless advice on the acquisition, asset management, refinancing and disposal of funds’ underlying assets.

We act for managers of, and investors in, alternative investment funds, who range from first-time start up managers and novice investors to those with many years’ experience. We advise managers on structuring, and successfully closing, tax-efficient and regulatory-compliant funds, as quickly as possible. We also advise potential investors on fund terms in the context of prevailing market practice, and negotiate with fund managers on their behalf.

The increasing level of regulation imposed on funds and their managers and promoters means that it is crucial for those managing, marketing or investing in funds to have access to up-to-date regulatory advice. We advise clients on all aspects of UK and international financial services law and regulation, including those relating to the marketing, establishment and operation of alternative investment funds, such as AIFMD and FATCA.

In order to provide effective and efficient services for our clients, we have developed close relationships with law firms, administrators, depositaries, custodians and other service providers in the leading offshore centres around the world.

If you have any questions or queries please call Ella on +44 (0)20 3036 7328 or email eleonard@fladgate.com

Advises on a diverse range of funds matters and is particularly well-recognised for its work on the real estate funds side. Proficient in matters relating to onshore and offshore funds. Able to advise on regulatory, tax and compliance issues across multiple jurisdictions. “Fantastic team – very proactive – they are big on their wider network and they bring more to the table than pure legal service.” “A highly professional and cohesive firm providing the necessary support from other departments to produce a rounded service at a reasonable price.”

Chambers UK
 
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Credible offering in the real estate funds sector, also regularly generating mandates to act on public and private closed-end funds. Recognised for its capacity to advise on the observance of FCA and AIFMD rules. Also handles the purchase and disposal of real estate fund portfolios. “They’re good: there are things that they are very well placed to advise on. They can also pull together other advisers and elements, which is key for us.”

Chambers UK

This firm has extensive experience in real estate funds work in both onshore and offshore jurisdictions, and has also developed expertise in alternative investments and unregulated funds. Clients find that it offers a committed, personalised service: “They come across as something of a ‘boutique’ firm and one which is very loyal to long-standing clients.”

Chambers UK

This firm has a strong cross-border practice; it runs several international desks out of its London office, each manned by a lawyer experienced in the target region. It impresses in real estate funds, and recent work includes providing structuring advice on fund-raising to Bayit Residential Investments. In terms of commercial awareness, clients comment “They understood the market well and commercial issues were clearly addressed”. Ella Leonard heads the team and clients give her “two thumbs up for being solutions-driven and incredibly approachable”.

Chambers UK

  • £100m fund – established for Saudi family office to invest through Shari’ah compliant structures in UK commercial property assets.
  • AIFMD compliant debt fund – initial closing target of £20m.
  • International hotel brand – exit strategy and implementation from offshore structure.
  • £330m fund – establishment of a fund with approximately 1,500 investors for an FCA regulated sponsor, together with advice on structuring and acquisition of the fund’s assets.
  • Vanbrugh Prime Property Growth Fund – second round fundraising and acquisition of assets for this Jersey based prime London residential fund.
  • O2 Consulting – UK financial regulation matters including in respect of the AIFMD for this Russian adviser.
  • £115m fund – establishment of a £115m fund with approximately 600 investors to invest in one of the largest single distribution centres in the UK occupied by Next plc.
  • Tadhamon Capital (administrators of a Bahraini Shari’ah compliant investment fund) – acquisition of a special educational establishment in the UK including relating to the establishment of Shari’ah compliant asset holding structure.
  • Equiom (Isle of Man) Limited – sale of a fund’s c£100m real estate portfolio.
  • Tritax Securities LLP – launch of the Tritax Prime Distribution Income Fund and on the establishment of a syndicate and its acquisition and later sale of the IHG Headquarters Building in Denham, Buckinghamshire.
  • Middle Eastern bank – establishment of a Shari’ah compliant fund and financing facilities.
  • FCA authorised manager – AIFMD compliance and its FCA application for AIFM authorisation.
  • New investment manager – establishment of a £50m fund as an English limited partnership investing in London prime residential real estate.
  • New investment manager – £50m fundraising for a Guernsey closed-ended qualifying investor fund investing in London real estate.
  • £100m fund – establishment of a c£100m prime central London residential property fund.