Investment Funds Services

Fidelitas´dedicated Investment Funds Team works with managers of offshore hedge funds and private equity funds to help them establish and structure their offshore investment vehicles to best meet their strategies and the requirements of their investors. We advise on all aspects of the life of am international fund including formation, restructuring and closure both in distressed and planned scenarios.

Hedge Fund and Private Equity Fund Formation
Fidelitas has many years experience of establishing offshore funds. We work both directly with managers and with leading law firms to establish fund structures in some jurisdictions through to start-up managers with seed capital. Fidelitas is experienced in providing funds structured using all forms of investment vehicle, including companies, limited partnerships, unit trusts and segregated portfolio companies and are at the forefront of designing innovative structures, including to deal with mixed liquidity portfolios. We are also highly experienced in advising on the issues surrounding the use of side letters for individual investors.

Manager and Administrator Transfers of Control
Fidelitas is increasingly asked to advise on the sale of regulated managers and administrators alongside leading  firms. We have experience in dealing with all aspects of the transfers, including the regulatory, legal and commercial issues involved in such transfers.

Regulatory Consents and Fund Investments
Fidelitas advises on all aspects of investment funds business, including obtaining regulatory consents and advising on and issuing opinions in relation to transactions entered into by funds, including ISDA agreements and structured investments.

Fund Restructuring
One of our core strengths is our experience in dealing with changes to a fund’s structure during the life of a fund. These are usually necessitated by a planned expansion in the fund or a liquidity issue within the portfolio. Such changes are often complex and require a careful consideration of existing rights of investors and obligations of the fund, its directors and agents.

Such restructurings commonly involve the creation of side pockets to isolate the effect of individual asset illiquidity.

Manager and Administrator Formation
Fidelitas also provide advice and assistance to those wishing to establish a fund manager or administrator abroad and to established managers and administrators wishing to provide services to international funds. This includes advising on the licensing requirements and ongoing obligations for domiciled and non-domiciled managers and administrators and advising on their service contracts with the funds.