Private Equity

P+P advises on funds pursuing all major investment strategies in a variety of markets, including buy-out, venture capital, mezzanine, distressed debt, real estate, infrastructure, natural resources, life science, energy, education, hybrid, hedge, investment funds, sector and regional funds, captive funds, master-feeder structures, specialized funds, as well as primary and secondary funds of funds.
 
P+P's services include fund formation work for a broad range of the best-known international and German private fund sponsors, as well as boutique firms. We provide innovative and practical solutions to and strategies for all complex legal, tax, contract and regulatory issues of all types of sponsors, managers and investors, including the following:

• Fund formation and structuring of investment vehicles;
• Complex carried interest and management fee planning, as well as structuring management companies and designing adviser structures;
• Advising foreign fund sponsors on private placements to German investors;
• Investor representation: tailored fund governance and term review of private equity and other private investment funds on behalf of a significant number of major institutional investors (banks, insurance companies, fund of funds, pensions funds, corporations, endowments and foundations), as well as family offices and private clients;
• Regulatory affairs: designing sponsor structures to address registration requirements and regulatory regimes, as well as securing specific regulatory treatment of fund investments of investors;
• Secondary transactions representing general partners, sellers and buyers, as well as secondary fund sponsors in all kinds of secondary transactions ranging from individual transfers of limited partnership interests to complex portfolio transactions;
• Providing innovative retail fund solutions;
• Securing favorable tax and regulatory treatment in rulings and audits;
• Litigation and dispute resolution with regard to private equity funds;
• Shaping the law and administrative practice by anticipating and participating in current policy discussions with representatives of the German government, tax administrations and regulatory agencies.

Our leading position is based on our deep industry knowledge and decades of experience gained in numerous client relationships with private equity fund sponsors, management teams and investors. Our clients have enabled us to develop particular insight into the terms and structures for various types of funds. Some of the more recent of approximately 330 funds on which P+P has advised in 2007 and 2008 are contained in the list of private equity funds on this website. (This list may aggregate several funds under one name or acronym.) In each case, P+P has performed fund structuring, fund opinion, or fund screening services for either the fund, a sponsor, or an actual or prospective investor.