There are many legal and practical considerations to account for when establishing a private equity, real estate or hedge fund. This CLE course will offer a comprehensive review of the Investment Company Acts of 1940 (the “40 Act”) relevant sections as well as those of the Investment Advisers Act of 1940 (the “Advisers Act”), including the rules and commonly used exceptions to registration under these acts.

The course will also undertake a review of relevant provisions of the Securities Act of 1933 (the “33 Act”) as well as its regulations including blue sky laws, state investment adviser regulations and those circulated by the CFTC. Specific terms related to types of customary funds and service providers that may be useful, as well as tips, strategies, and products that have proved helpful. The course will conclude with a discussion of disclosure requirements in private placement memoranda.