Our firm assists domestic and international funds manager in connection with the structuring and set up of their investment funds, across all the main asset classes including private equity and venture capital, private debt and loan origination, turnaround e distressed credit, unlikely-to-pay (UTP) and non-performing loans (NPLs), real estate and social housing, and regularly advises them on the legal and regulatory framework of their day-to-day activities. 

Our assistance to fund managers covers a wide range of matters, including:

• structuring alternative investment funds, with contractual (fondi comuni di investimento) and corporate (SICAF) structures, funds of funds, parallel funds and co-investment funds, including drafting and negotiation of all the organizational and marketing documentation of the fund
• incorporation of asset management companies and assistance with their authorisation procedure before the supervisory authorities
• structuring and set-up of Italian branches of international managers and relevant passporting procedures and filings with the Italian authorities
• structuring and set-up of carried interest vehicles and other arrangements governing carried interest split and vesting
• release of legal and tax opinions on funds and their managers
• ongoing advise on the legal framework governing asset management and investment services

Our firm regularly assist also institutional investors, including the international financial institutions (IFIs), funds of funds, insurance companies, pension funds and high net worth individuals (HNWI), with their investments in such alternative funds, as well as with their co-investment transactions with such funds.

Our assistance to fund managers covers a wide range of matters, including:

• Primary market investments in Italian alternative investment funds, including analysis, review and negotiation of funds’ LPAs, subscription packages and side letters;
• Secondary market investments in Italian funds, including drafting and negotiation of SPAs, side letters and security package;
• Co-investment transactions of investors alongside funds they are invested in, including review and negotiation of investment agreements, shareholders’ agreements and security package.