Common Considerations and Complications of Co-investments

Date / Time

Venue

This is a virtual event, accessible online and over phone. Access instructions will be provided after registration.

Description

This is a complimentary program sponsored by Pepper Hamilton.

As co-investments continue in popularity in the investment management world, we will discuss why private equity firms seek co-investors, review the dynamics between the private equity firms and their limited partners in these deals and review the complications that can arise, including regulatory issues.  This program will address the practical issues and the legal, economic and governance decisions points for successful co-investment structures.

Educational Objectives:
• Understand the practical issues and the legal, economic and governance decisions points for successful co-investment structures
• Learn the structural complexities for co-investments arising from different investor types
• Understand issues related to marketing a standalone co-investment fund vs. one that is sponsored by a PE fund manager
• Learn investment adviser, broker dealer and other regulatory issues relating to co-investments
• Gain knowledge of best practices around governance of co-investment vehicles

Who would benefit most from attending this program?
Executives, business leaders, and legal professionals working within the co-investment fields.

Presenters

Julia D. Corelli
  • Partner
  • Pepper Hamilton

Julia D. Corelli is a partner with Pepper Hamilton LLP’s Corporate and Securities Practice Group and co-chairs its Funds Services Group, a core constituent of Pepper’s Investment Funds Industry Group (IFIG). She concentrates in private investment fund formation, operations and compliance, private equity investment transactions, venture capital investments, acquisitions, dispositions and financings of business enterprises, joint ventures, and intra-partner dealings. She also is experienced in matters of investment fund principal compensation and succession planning and serves as general outside counsel to family offices. The industry focus of funds and companies she counsels include biotechnology health care services, financial services, peer-to-peer lending, energy and natural resources, and real estate. She has served the firm as vice chair of its Executive Committee and is currently co-chair of its Commercial Department.

As a member of IFIG, Ms. Corelli is one of more than 40 lawyers nationwide in this multidisciplinary group, which focuses on areas vital to the success of all types of investment funds throughout their entire life cycle. Within IFIG, the Funds Services Group provides fund formation, operations and compliance counseling to sponsors, managers, advisers and investors from within and outside the United States. The group advises investment groups about the complex structuring, operational, and regulatory challenges they face on a daily basis in their investment management business and the deployment of the capital under their management.

Ms. Corelli has spoken before numerous trade and bar associations and other functions on a variety of topics, including domestic and foreign private investment fund formation and operation issues, investment structures used by private investment funds, succession planning and partnership, limited liability company and S and C corporation planning and operational issues.

Ms. Corelli joined Pepper in 1984. From 1989 through 1998, she was a member of the firm’s tax group, where she became a partner in 1992. She served on the firm's Executive Committee for 12 years ending her most recent term in 2017, and was vice chair of the Executive Committee from 2013 to 2017.

Andy Hulsh
  • Partner
  • Pepper Hamilton

Andrew Hulsh is a partner in the Corporate and Securities Practice Group of Pepper Hamilton LLP, resident in the New York office. His practice is focused on domestic and cross-border private equity-backed and strategic mergers and acquisitions involving private and publicly-listed companies; asset management matters, including private equity and venture capital fund formation and the acquisition of managers of domestic and offshore investment management platforms; shareholder activist matters, including proxy contests, consent solicitations and other negotiated and unsolicited contests for corporate control; initial and secondary public offerings of equity and debt securities; general public company representation under U.S. securities laws; and venture capital investments. Over the course of his career, Mr. Hulsh has led a number of the world's most recognized mergers, acquisitions, public offerings and fund formation transactions.

Mr. Hulsh has significant experience handling transactions involving companies based outside the United States, including the Nordic region of Europe, Latin America, the United Kingdom, the Russian Federation and Asia. His clients include public and privately held companies and firms, including leading private equity sponsors, hedge fund managers, investment banks and other financial institutions. Mr. Hulsh has considerable involvement with a number of industries, including security and defense, alternative energy, technology, outsourcing, telecommunications, life sciences and aviation.

Known for his insight into private equity and asset management, Mr. Hulsh frequently serves as a featured speaker at prominent conferences throughout the world on topics involving private equity, M&A and asset management, and as a regular resource for leading television shows and publications including CNBC, The Wall Street Journal, Bloomberg News, Buyouts magazine, Dow Jones Newswire, Law360, Thomson Reuters and The Deal. In addition, Mr. Hulsh has authored many articles involving topical corporate law issues that have been published in premier books, journals and periodicals relating to private equity, M&A, board fiduciary duties and asset management. Mr. Hulsh also served for more than six years on the Board of Directors of a well-known, publicly-held international telecommunications company.

Prior to joining Pepper, Mr. Hulsh served as co-leader of the North American private equity practice of a prominent international law firm.

Continuing Education

Credits:
1.0 CLE; 1.0 General CLE
Prerequisite:
A general knowledge of Co-investments.
Level:
Intermediate
Production Date:
12/04/2018