CHAPTER 16
Legal and Regulatory
The fund counsel, either an internal official or an external hire, is one of the most important service providers for a fund, and especially for a new fund. They are involved with the drafting and finalizing of offering documents and negotiating on behalf of the fund with LPs who want special terms. Given the complexity of fund structures and their regulation by the SEC or state regulators, it is advisable to hire counsel with relevant industry experience. The counsel needs to understand legal and regulatory issues ...
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