Private Funds
When it comes to private funds, investors have many considerations—from liquidity to tax matters. Our lawyers can help you choose a structure and guide you through its life cycle, from formation to marketing and compliance. This is true regardless of asset class or if the fund—or your management—is based in the U.S. or if you’re operating in the primary or secondary investment market.
Whether structuring liquid or less liquid investment products, Alston & Bird applies a consistent, time-tested approach grounded in decades of experience representing both institutional and entrepreneurial fund managers. From fund formation and capital raising to regulatory and operational support, we advise with a sharp focus on current market practices, emerging trends, and practical innovation.
This perspective enables us to navigate the complexities of fund documentation with precision—identifying critical legal and commercial issues and delivering solutions that align the interests of both sponsors and investors. Our work is strengthened by seamless collaboration with in-house teams across corporate, tax, ERISA, private equity, private credit, structured finance, venture capital, futures and derivatives, digital assets, real estate, and other financial services disciplines, as well as attorneys experienced in white collar defense, government investigations, data privacy, and cybersecurity.
Our approach is industry-agnostic and asset-class flexible, with tailored solutions for both institutional and retail investors. We have structured and advised funds pursuing a wide array of alternative investment strategies, including investments in life settlements, mortgage servicing rights, data centers, collectible automobiles, and music rights, reflecting the breadth and creativity of today’s investment landscape.
For clients seeking liquidity, we assist in structuring vehicles such as hedge funds, commodity pools, and credit strategies designed to support periodic redemptions. For those pursuing longer-term growth with reduced liquidity needs, we guide the formation and management of private equity, venture capital, and real estate funds. We also help enhance flexibility and optionality through strategic access to the secondaries market.
In addition, our deep experience with the Investment Company Act of 1940 allows us to support fund managers employing alternative strategies who are exploring public or retail distribution models, balancing regulatory compliance with commercial objectives.
Wherever you are in the investment lifecycle, Alston & Bird delivers practical, market-aligned guidance designed to help your fund succeed in an evolving global marketplace.