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Bracewell’s private funds group brings together attorneys across multiple jurisdictions and practices to provide advice in the formation of a broad range of private equity funds, hedge funds, real estate funds, funds of funds, and hybrid funds. The firm combines fund formation experience with tax capabilities and a deep bench of regulatory professionals to offer a full complement of services to sponsors and investors. Bracewell’s attorneys have assisted in the formation of a range of industry focused funds in sectors such as power, oil and gas, natural resources, renewables, real estate, and technology. The private funds group’s experience covers the full investment management life cycle, from structuring and fund formation, to fund raising and investor relations issues. The firm represents a strong mixture of start-up and established funds and fund managers.
AREAS OF FOCUS
Bracewell offers a full-service private funds practice, drawing on the experience of numerous attorneys with diverse legal specialties. The firm has experience spanning fund formation, compliance and regulatory, asset management mergers and acquisitions, and enforcement.
The firm advises private funds on all aspects of fund formation and develops all necessary documentation – including private placement memoranda, limited partnership agreements, subscription documents, and other necessary communications. The fund formation attorneys work closely with attorneys from the firm’s corporate, tax, ERISA, and CFTC practices to ensure compliance with all applicable laws.
COMPLIANCE AND REGULATORY
In the compliance and regulatory arenas, Bracewell attorneys advise on SEC and state investment advisor registration issues, perform independent audits to identify potential compliance risks and create appropriate policies and procedures. The firm routinely provides counsel regarding the Investment Advisers Act and various aspects of the Dodd-Frank Act. The corporate, tax, ERISA, CFTC, and FERC professionals are regularly called on to provide compliance and regulatory advice on a full range of issues. Bracewell has advised an array of investment advisors.
ASSET MANAGEMENT MERGERS AND ACQUISITIONS
The firm is also active in the asset management mergers and acquisitions space where it recently represented a real estate investment company in the purchase of equity interests in a private equity fund with over $10 billion in assets under management.
Bracewell has a strong SEC enforcement practice which advises funds on a full range of issues, including insider trading investigations, Foreign Corrupt Practices Act, and cybersecurity. The firm has a foothold in the enforcement arena, and leverages its well-known ability to deploy a dedicated team of lawyers with prior enforcement experience at the SEC.
Bracewell’s private funds group and related practice groups received the following write-ups from LegalEase, Ltd., Legal 500 United States, a nationwide surveyor of the legal market:
“Bracewell LLP’s ‘timely and attentive’ practice head Cheri Hoff, who ‘has a mastery of fund structures’, undertakes a wide range of transactional and regulatory matters for funds and managers. Hoff assisted hedge fund and commodity pool kWantix Trading Fund I with its formation. Bruce Jocz is a go-to for ERISA-related issues. Washington D.C. based David Perlman is also recommended.” Legal 500 United States: Investment Fund Formation and Management, 2015.
“Bracewell LLP has developed ‘a very personalized boutique offering’ in the hedge funds space …”Legal 500 United States, 2012
“The practice has a broad capability spanning fund formation and regulatory compliance matters, but is particularly noted for its ability to advise on master-feeder hedge fund structures.” Legal 500 United States, 2013
“‘A youthful and extremely user-friendly’ team of alternative funds specialists …”
Legal 500 United States, 2013
“With a focus on criminal and regulatory investigations, Bracewell LLP is able to do an ‘exceptional job on big engagements’.”
Legal 500 United States: White Collar Criminal Defense, 2014
“Bracewell LLP’s tax team is ‘extremely responsive’ and ‘proactive’.”
Legal 500 United States: Domestic Tax, 2014
“Bracewell LLP ‘ranks among the best’ for energy-related hedge funds …”
Legal 500 United States, 2014