International Private Fund Formation Brochure - SJ Berwin

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Shaping the market Our team continues to exercise a strong influence on the development of the funds market as a whole, both through our membership of industry committees, and directly through representations to regulatory and government bodies at a national and supra-national level. We are involved in every major development affecting investment funds. We are intimately engaged in the ongoing progress of the EU’s controversial Alternative Investment Fund Managers Directive, and are currently working on several other business critical issues for private equity. This continues our long history of impact on the market. Our senior partner, Jonathan Blake, designed the limited partnership structure which is now the industry standard for European fund formation. In 1987, SJ Berwin negotiated the UK tax and regulatory treatment of limited partnership structures with the UK Government. This culminated in the BVCA Statement and Guidelines, which SJ Berwin drafted, with the result that the limited partnership has become the most common private equity fund vehicle in Europe. Other successes include the removal of the 20 partner limit and the tax treatment of carried interest under Schedule 22 in the United Kingdom, key changes to French legislation pertaining to FCPRs (fonds communs de placement à risques) and securing preferential treatment for carried interest in Germany. In Madrid, through our membership of ASCRI, we have been involved with the drafting and the implementation of the Spanish Private Equity Act. “ ... ultimately it is the intimate relationship the team has with the funds industry that serves it so well.” Chambers Legal Directory 2010 5
A full service We advise private equity institutions and other asset managers on a wide range of matters, which extends beyond fund structurings and includes: • Limited partnership funds, FCPR, FCR, Fondo Chiuso, SICAR, SIF and securitisation vehicles • Primary private equity, venture capital, infrastructure, mezzanine, emerging markets and other alternative investment funds • Debt and distressed debt funds • Real estate funds, core, value added and opportunity funds, sector specific funds and REITs • Venture capital trusts and investment trusts • Co-investment schemes • Hedge funds • Equity incentive and carried interest arrangements • Secondary funds • Listed funds • Funds of funds • Shariah complaint funds • Secondary transactions • Buyouts of buyout houses, reorganisations and spin-outs • Corporate governance • Transaction structuring 6
Page 1 and 2: SJ Berwin International Private Fun
Page 3 and 4: Creative advisers for a challenging
Page 5: An integrated international team Ou
Page 9 and 10: Investment fund structuring Offerin
Page 11 and 12: Funds of funds The growth of funds
Page 13 and 14: Secondary funds and transactions De
Page 16 and 17: Acting for investors We frequently
Page 18 and 19: The market leader advising sponsors
Page 20 and 21: Procuritas Capital Investors IV QS
Page 22 and 23: Vision Capital Partners V LP Wellin
Page 24 and 25: Murray VCT 2 plc MUST 3 LP (Mercury
Page 26: Berlin Kurfürstendamm 63 10707 Ber

International Private Fund Formation Brochure - SJ Berwin

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