USA Law and Practice Contributed by: Bill Sturman, Matthew Holt, Steven Starr and Cliff Cone, Clifford Chance
Clifford Chance is one of the world’s largest law firms, with significant depth and range of resources across five continents. The global funds and investment management group – one of only four practices ranked Band 1 by Chambers Global – is comprised of more than 250 lawyers across the Americas, Europe, Asia Pacific and the Middle East. The firm advises clients throughout the full fund life cycle, from fund structuring through marketing and ongoing operational, regulatory and tax issues, to end-
of-life issues such as GP-led restructurings and stapled secondaries. The highly experienced fund finance team has advised on the full spec - trum of financing transactions for leading inter - national sponsors and their lenders. The team’s expertise covers the full range of fund financing products, including NAV facilities, subscription facilities, GP/manager lines, preferred equity structures, hybrid facilities and repos, as well as the wider private credit and leveraged finance products. practice in Washington, DC. Matthew’s practice focuses on sponsor-side fund formation work across a diverse range of open- and closed-end fund products, including private funds, managed accounts, co-investment vehicles and fund-of-one vehicles in the USA, Europe and Asia. Matthew has extensive experience managing all aspects of the fund formation process, including drafting offering and governing documents, conducting investor negotiations, navigating US and global regulatory compliance and implementing tax-efficient sponsor ownership and control structures, across credit, energy, infrastructure, real estate, healthcare and consumer goods industries. Matthew Holt is counsel in Clifford Chance’s private funds
Authors
Bill Sturman is a partner in Clifford Chance’s funds and investment management practice in New York. He advises sponsors of open- and closed-end private investment
funds, including buyout, growth capital, real estate, infrastructure, secondaries, hedge, debt and hybrid funds. Bill also represents market- leading secondaries fund sponsors on the purchase and sale of fund interests. He advises clients on seeding arrangements for early generation funds and has extensive experience advising fund sponsors and investment professionals on carried interest programmes. Bill commonly represents investors on alternative investment funds and family offices in connection with the structuring and implementation of their investment strategies.
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