Joseph M. Mannon, Shareholder and member of Vedder Price’s Investment Services practice group, addresses the increasingly complex topic of side letters in “Private Fund Side Letters: Investor Agendas, Tactics and Disclosure,” which appeared in a recent issue of The Investment Lawyer.
Side letters, writes Mr. Mannon, have become an important part of any private fund investment for large, seed and strategic investors—regardless of whether the investment is a hedge fund, private equity fund or venture capital fund. The side letter terms now requested by investors have become increasingly complex, costly and time-consuming. In “Private Fund Side Letters,” Mr. Mannon and co-author Nell M. Blatherwick examine the side letter agenda for different types of investors, negotiation tips and tactics, administrative considerations and disclosure best practices.
Reprinted with permission from The Investment Lawyer March 2012, Volume 19, Number 3, pages 3–17, with permission from Aspen Publishers, Wolters Kluwer Law & Business, New York, NY, 1-800-638-8437, aspenpublishers.com.
To read the entire article, please click the link below.