Alternative Private Equity Structures: Continuation Funds, GP-Led Secondaries, and Permanent Capital Vehicles

Mr. Knapke is a partner in the Asset Management Department. His practice focuses on private investment funds. In the area of fund formation, he has assisted sponsors with the formation of closed-end domestic and international funds, including funds focused on growth equity, distressed debt, energy, mezzanine and real estate investments. In addition to his sponsor-side work, Mr. Knapke also regularly advises investors in connection with primary and secondary investments.

Mr. DeNiro’s practice is focused on transactional and regulatory matters involving registered investment companies, including closed-end funds and business development companies, and their investment advisers. He regularly advises registered funds and their sponsors on regulatory and compliance matters, including with respect to co-investment transactions, as well as disclosure issues, corporate governance and other matters. Mr. DeNiro has particular experience advising on the structuring, registration and operation of interval funds and tender offer funds providing access to alternative investment strategies, including private credit and private equity.

Mr. Kim is an associate in the Corporate and FinancialServices Department of Willkie Farr& Gallagher in New York. He has concentrated his practice on structuring and negotiating complex businesstransactions for middle-market companies and private equity clients,including mergers, acquisitions,leveraged buyouts and debt and equityfinancings.

Ms. Tuchman has extensive experience representing hedge funds, funds of funds, commodity pools, investment advisers and distributors of investment funds. She focuses on advising clients in connection with structuring domestic and offshore funds, negotiating side letters, separately managed account agreements and placement agreements, trading and conflict issues, and regulatory compliance. Ms. Tuchman also routinely advises family office clients and other high net worth and institutional investors in connection with investments in private investment funds and co-investment vehicles.