Scale’s Private Fund Group offers guidance on all aspects of investment vehicle and investment fund formation, management and compliance. We assist sponsors in the formation of new private investment vehicles as well as LPs investing in funds. Our attorneys have assisted private equity, hedge fund, growth equity, venture capital, real estate and debt strategies and other managers with primary operations and/or investments both in the US and offshore. We have represented other investment fund market participants, including placement agents, family offices, high net worth individuals, large corporations, and foundations in a range of transactions, including limited partner commitments to investment funds. As a leader in representing growth enterprises, technology, and entrepreneurs, Scale also assists platform and fintech sponsors, and our Private Fund Group has extensive experience with first-time fund sponsors.
Our Private Funds Group attorneys regularly draw upon their experience in the following areas:
The Private Fund Group has significant expertise in the regulatory aspects of investment funds. We help clients operate effectively and efficiently in compliance with the increasingly complex regulatory regimes that apply to private funds and investment management firms, including with respect to:
Fiduciary duties of fund managers and board designees under Delaware law.
Brian Elliott
Josh Banerje
Channah Rose
Trey Calver
Dori Karjian
Tyler Hayden
Doug Mitchell
Chuck Kraus
Justin McAneny
Kristen Smith Dayley
Scott Wiegand
Steven Forbes
OCC Bulletin Offers Guidance on Venture Lending
In the wake of the Silicon Valley Bank crisis and other incidents of banking distress last year, new participants continue to enter the venture debt market — resulting in the formation of new banking relationships. Accordingly, the Office of the Comptroller of the Currency (“OCC”) issued Bulletin 2023-34 (the “Bulletin”) to address what it sees as “heightened uncertainty” created by these developments.
California’s New Small Business Commercial Financing Regulations
The goal of S.B. 666 is to protect small business borrowers by restricting the types of fees they may be charged by brokers or providers of certain business loans.3 In this article, we address key issues arising under S.B. 666 for both borrowers and lenders.
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