Fund Formation and House Work

We are a market leader in the structuring, marketing, formation and on-going operation of private equity funds.

We act for a large number of private equity fund managers; our involvement in so many aspects of the funds market gives us a very clear understanding of the latest market trends and terms.

In addition to our private equity fund manager practice, we have an established practice advising institutional investors on their private equity investment programmes, giving us an unrivalled view across all parts of the market.

We are able to combine the knowledge of our investment management practice with that of our market-leading tax practice. This means that we will not only design the most appropriate structure, but also lead on the implementation. In addition our financial services regulation team can ensure that the fund and the fund manager satisfy all regulatory requirements.

Although the UK is our base and a fundraising market that we clearly know well, the majority of the funds that we advise on are domiciled outside the UK. We are jurisdiction-neutral, and will start from a blank sheet of paper in determining the best structure for any fund; we will not shoehorn clients into a structure.

We maintain a database of marketing regimes across Europe and all key non-European countries as we regard this as essential to be able to advise clients credibly on applicable securities regimes.

In addition to the above, we advise on credit funds, retail funds, hedge funds and listed structures. This allows us to have a broad understanding of the funds market and access to solutions from one product area that may be well-suited to another. We genuinely believe. As a result, we are able to bring a truly holistic viewpoint to alternative funds.

Our credibility in both the retail and private market fund environments means we can support private equity houses on “retailising” their strategy with innovative products for the defined contribution pension market and wealth management market.

What people are saying

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"Macfarlanes has supported us with our legal requirements related to fund formation and management for many years and we have always been delighted with the service and support we receive. The team is responsive, knowledgeable and commercial."

The UK Legal 500 2022

"Sources state that ‘it is an excellent team all-round: technically capable, commercial, practical and easy to deal with’."

Chambers UK 2020

"Super responsive with an exceptional quality of work’."

Chambers UK 2020

"Working with Macfarlanes and its competent and responsive team was a key success factor in executing our highly time-sensitive and complex matters’."

The UK Legal 500 2019

"The scale of Macfarlanes’ practice in the City is comparable to the scale of practice of the major funds firms which are focused on much larger fundraisings."

The UK Legal 500 2019