• Fund establishment and capital raising - covering listed and unlisted funds and a multitude of asset classes
• Regulatory change implementation - advising on new legislation, rules and guidance and implementing compliance programmes
• Corporate transactions - asset acquisitions, disposals, co-investments and fund transfers
• Funds finance - acting for borrower and lenders on a number of credit facilities providing liquidity to funds
• Tax structuring – designing tax optimal fund and transaction structures 
• Contentious and pre-contentious matters - guiding clients through regulatory investigations, disputes and interacting with the regulators
• Industry outreach - working with trade bodies to ensure the voice of the investment management sector is heard by policy makers

• Worked with various hedge funds and hedge fund managers; especially, around the UK 'shoreline' tests for international asset management (IME) and structuring of hedge funds. We acted (providing the tax / structuring advice) for a long standing client on the largest hedge fund raised in London in 2016 ($2.5 billion)
• Carried out a skilled persons review of asset allocation and risk profiles across a suite of funds managed by a large wealth management business. The FCA had concerns at a potential mismatch between the asset allocation and risk classification of the funds. Our report led to remedial action but no action being taken against the client
• Advised a major UK financial institution on the establishment of a large UK platform – we advised on the structure of the  arrangements and on platform terms; on the banking model and CASS dealing (with bare trustee issues). The platform facilitates transactions in funds; exchange traded funds; and supports SIPPs. We also advised on the migration of assets to the new platform; drafted client and platform documents; and negotiated technology agreements; outsourcing agreements; and distribution arrangements
• Advised Saga on the creation of Saga Investment Services, a joint venture with Tilney Bestinvest. The structure, involving the creation of a joint venture company, was complex, and required detailed regulatory analysis. We advised on all aspects of the transaction including the licencing, servicing and distribution arrangements
• Aviva Investors on the establishment of the £250 million Aviva Investors PiP Solar PV Fund
• Virgin Money on the sale of part of its retail investment management business to Aberdeen Standard Investments, and related joint venture arrangements
• A Swiss-based asset manager and its joint venture partner on facilities from JPMorgan to finance the construction of an energy infrastructure asset in Texas
• Telereal Trillium on its £1.5billion joint venture with Blackstone in connection with the acquisition and development of the British Railways arches portfolio
• Standard Life Aberdeen on the full range of matters for their property funds, from lettings and management work to sales, purchases and forward fundings
• A number of asset managers on their Brexit contingency planning, including migration of functions and continued access to fund marketing regimes
• Advising Actis LLP on the takeover of a number of funds managed by the Abraaj Group, representing approximately US$5 billion of assets under management – one of the headline transactions in the market in 2019

• Investment Management Group recently nominated for private equity funds team of the year 2019 by Legal Week
• Currently act for 7 of the UK Top 12 Asset Managers
• Funds Trends Report Shortlisted for FT Innovation Awards (2018)

"It's the simplicity of dealing with them – they tend to make everything easy and rather than coming to you with problems they will come to you with a solution, giving you their point of view on the legal points but with a commercial spin."
Chambers UK

Trends in Private Fund Terms Report - 2019

Get up to date with unique and market leading intelligence across all of the key fund terms; commentary from leading practitioners on emerging trends in the market; an insight into the growing funds finance industry; and a summary of recent regulatory developments, combined with a look ahead to further regulatory changes due in 2020.

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