FUND PRACTICE

The Firm’s funds practice has grown over the years and has today evolved to meet the changing needs of the industry. The Firm has been involved in structuring and setting up of various funds including sector-specific funds. In this regard, the Firm assists its clients in choosing the appropriate legal vehicle for the same, as well as drafting and reviewing the offer documents for potential investors and related documentation, such as subscription agreements, private placement memoranda, administration agreements, investment management agreements, investment advisory agreements, custodian agreements, etc. including structuring carried interests, claw-backs, sharing of carried interest with employees, and assisting clients in obtaining applicable registrations with the Securities and Exchange Board of India.
The Firm also assists its fund clients with regard to investment routing and exit, advising on tax planning, advising on regulatory procedures required for making an investment (and assisting in obtaining such approvals), negotiating the terms and conditions of individual investments with portfolio companies, conducting due diligences, and providing advice from time to time on monitoring and maintaining investments.
In addition to the above, the Firm advises several leading mutual funds in relation to various issues ranging from structuring issues with regard to the setting up of the mutual fund business, advice on the regulatory approval process, ongoing advice for launching of new products and on the sale of such mutual fund businesses.