Improving Private Equity Fund Liquidity: Distributions, Secondaries, and Continuation Fund Strategies

Mr. Clark’s practice focuses on private capital, specifically fund formation and secondaries transactions, and the regulatory aspects critical to both. He represents a wide range of private equity and private capital clients and has experience with forming not only traditional buyout funds, but also funds in the credit, real estate, infrastructure and agriculture spaces. Mr. Clark has repeatedly represented private fund managers in the formation of closed-end funds that invest in a wide variety of strategies, geographies and industries. He is a member of the Private Investment Fund Forum and a frequent author and lecturer on private equity fund issues.

Ms. Schwartz advises on the structuring, formation and operation of private equity funds, including buyout funds, venture capital funds, mezzanine funds and litigation financing funds. She represents both fund sponsors and investors. In addition to assisting fund sponsors with their internal management arrangements, succession planning, capital call borrowing facilities and formation of co-investment vehicles, Ms. Schwartz has extensive experience with institutional investors and regularly advises clients on market terms of investment funds. She also advises private equity funds in connection with their capital call credit lines and investments in, and dispositions of, portfolio companies. A member of New York’s Private Investment Fund Forum, Ms. Schwartz frequently shares her insights on effective fund formation strategies at industry conferences and seminars. She recently discussed compliance concerns for co-investments and issues related to fund restructuring and secondary transactions.