England - London • Investment fund formation and management

Dechert LLP

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Dechert LLP provides ‘clear and direct guidance to clients’ including multi-billion dollar managers and smaller industry players. The practice is well versed in advising hedge funds on cross-border operations, advising on the start-up of new funds and related seed funding deals, while supporting existing funds with regulatory, tax and corporate matters. Leading the team is Gus Black, head of the firm’s financial services group. Abigail Bell advises both hedge and hybrid fund structures on investing in a range of asset classes, assisting with a range of corporate documentation, seed funding transactions and regulatory compliance. Craig Borthwick specialises in large-scale fund launches, with particular expertise in managed accounts and co-investment agreements, while Mikhaelle Schiappacasse, head of the firm’s European ESG group, assists hedge funds across a variety of domiciles on complying with sustainability regimes, including Sustainable Finance Disclosure Regulation (SFDR).

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Highly knowledgeable, alert to streamlining opportunities for shared clients, clear and direct guidance to clients.'
  • 'Craig Borthwick is a particular industry expert in the hedge fund structuring and launch space.'
  • 'Abigail Bell is the main partner we deal with. She is very commercially minded, she knows the different pressures we have and how best to tackle problems in an efficient manner for our business size. She is a pretty big player in our industry in London.'
  • 'The staff are focused on understanding your particular situation and concerns, and problem-solving from there. Not quoting from the statute or regulations on why you can't take this or that approach.'
  • 'Craig Borthwick has supported us from a start-up, providing us with industry contacts across differing service providers in the UK and offshore. This was vital on launching and later the restructuring of our fund.'
  • 'The Dechert team has strong experience in fund formation, across a range of different fund structures and in a range of jurisdictions, and is well staffed at all experience levels to provide ongoing management company and regulatory advice that can be relied upon.'
  • 'Craig Borthwick's strong understanding of all aspects of fund and management company structuring makes him the go-to advisor, and he always makes himself available to clients. Quick to get to the root of the matter, he offers commercially workable and pragmatic advice, and is willing to draw on his colleague's experience when needed.'
  • 'Craig Borthwick played a crucial role in launching a fund under tight time constraints, while providing valuable advice and guidance throughout the process.'

Key clients

  • All Africa Partners LLP
  • Almace Asset Management LLP
  • AlphaMiner Capital
  • Amundsen Investment Management
  • Adelio Partner
  • ARP Capital Partners Limited
  • Aster Capital Management Limited
  • Bayforest Capital Limited
  • BlueBell Partners Limited
  • BlueCove Limited
  • Cheyne Capital Management (UK) LLP
  • EFG Asset Management/New Capital
  • Eleva Capital LLP
  • EMFI Capital Limited
  • EOF Partners
  • Exor
  • Eques Partners
  • FIFTHDELTA
  • Gemcorp Capital LLP
  • Genavest Capital Limited
  • Greentrail Capital
  • Infusive
  • Kryger Capital
  • LeCap Asset Management
  • Lynx Asset Management
  • Machina Capital
  • Maven Securities Limited
  • Mile End Capital
  • Nekton Capital
  • New Wave
  • Numen Capital
  • Nyhavn Capital
  • Odyssean Capital LLP
  • OxFORD Asset Management Company
  • Palmerston Capital Management
  • Palm Lane Capital
  • SGCM Capital LLP
  • Soloda Investment Advisors LLP
  • Sparta Capital Management
  • System 2 Capital LLP
  • TT International
  • Tico Capital
  • Tresidor Investment Management LLP
  • Westbeck Capital Management LLP

Work highlights

  • Advised FIFTHDELTA on its $1.3bn raise.
  • Advised Nekton Capital Limited on the successful launch of their flagship fund.
  • Advised Exor on the successful launch of the new Exor Special Opportunities master and feeder sub-funds.

Practice head

The lawyer(s) leading their teams.

Gus Black

Other key lawyers

Abigail Bell, Craig Borthwick, Mikhaelle Schiappacasse