Find Lawyers in Chicago, Illinois for Private Funds / Hedge Funds Law
Practice Area Overview
The fund formation aspects of advising hedge funds include how funds are structured and documented, often with an eye toward facilitating the fundraising function. Specific tasks include preparing partnership agreements between the general partner and investors, establishing how the general partner of the fund will be compensated, and preparing the fund’s offering materials.
The investment objectives of hedge funds vary a great deal; therefore, the degree of sophistication they require in executing transactions can vary. While there are a large number of hedge funds that primarily are focused on liquid trading strategies, many hedge funds make illiquid investments, including participating in large, complex leveraged buy-outs or take-private transactions, PIPE transactions, and activist investing.
Hedge funds operating in the U.S. are subject to the full spectrum of securities disclosure and compliance rules and regulations. Regulation of hedge funds has also recently undergone a major overhaul with the passage of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, which places new or heightened regulations on hedge funds.
Hedge funds have long been cauldrons of financial innovation, and practitioners advising hedge funds by necessity must be capable of addressing the legal and regulatory issues that impact hedge funds in what can be a quickly evolving business and legal landscape.
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With over 30 years of experience, Bruce I. Ettelson, P.C. is widely recognized as a leading private investment funds lawyer who has been on the forefront of the industry's evolution since its early years. He is the founder of the Firm's dedicated Investment Funds Group, which was ranked in 2021 by Chambers & Partners as Tier 1 in the U.S., Asia-Pacific, United Kingdom and globally. His practice focuses on structuring and forming premier private equity funds and their management companies....
John O’Neil’s legal knowledge, business savvy, and leadership of complex transactions have earned him a reputation as a global leader in private equity fund matters. John heads the Investment Funds Practice Group, the Firm’s leading-edge global platform that provides innovative and bespoke legal strategies to sponsors and funds of all kinds. John is also a member of the Firm's Executive Committee. John has been recognized by Chamber’s Global, Chambers USA, IFLR 1000, L...
Lance Zinman, global chair of Katten's Financial Markets and Funds practice, provides comprehensive legal services to asset managers, proprietary trading firms and other participants in the financial markets in need of a single advisor to assist with all aspects of their business. His unique skill set combines a deep understanding of corporate, regulatory, intellectual property and tax law with broad knowledge of the securities and derivatives markets. Using his extensive experience with thes...
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