Investment Funds

Our investment funds practice is distinguished by the diverse and unusual range of funds we act for, along with our bespoke, high-quality and comprehensive service. We cover the structuring, establishment and documentation for investment funds, addressing the regulatory issues affecting both the funds and their managers.

Legal advice for regulated investment funds

We have a market-leading authorised investment funds legal practice. We regularly act on the establishment of FCA authorised funds such as UCITS and NURS funds and have worked on numerous restructures including schemes of arrangement as well as putting in place master feeder arrangements, both domestic and cross border. We cover the full range of FCA authorised funds across legal structures including authorised unit trusts, open-ended investment companies and authorised contractual schemes, including:

Authorised Contractual Schemes (ACS)
Charity Authorised Investment Funds (CAIFs)
Funds of Alternative Investment Funds (FAIFs)
Long-Term Asset Funds (LTAFs)
Property Authorised Investment Funds (PAIFs)
Qualified Investor Schemes (QIS)
Qualifying Money Market Funds (QMMFs)

We advise on the structuring, establishment and documentation for such funds, as well as life-cycle changes such as mergers and terminations. We regularly advise on regulatory issues affecting both the funds themselves and their managers.

Private funds

In the private funds space, we act for small and medium fund managers as well as large and sophisticated family offices in structuring and establishing a range of onshore and offshore funds including private equity, venture capital, property and debt funds.

Our practice is asset-agnostic, and the fund managers and funds that we act for invest in a range of assets including private equity, venture capital, property, and debt. We also advise family offices, large institutions, and charitable investors looking to invest in private funds, including emerging Fintech businesses.

We work in numerous jurisdictions including the UK, Jersey, Guernsey, the Cayman Island and Luxembourg. We also advise clients in negotiating investments into private funds.

We also work with investors which gives us a unique insight into both sides of the asset management market.

Recent work highlights

Establishing a Channel Islands fund vehicle for a family office investing in venture capital investments.

Reviewing and updating prospectuses on an annual basis for a large number of FCA authorised funds.

Acting on the sale and purchase of commercial properties for a UK based property fund.

A star investment manager who had set up their own boutique firm recently instructed our team to establish their first umbrella UCITS.

Our private funds team recently established a UK-based internally managed alternative investment fund investing in commercial property, whose investors include a syndicate of high-net-worth individuals based in the Far East.