Day Pitney Represents Investment Management Firm in Forming Private Fund

In February 2021, Day Pitney represented a Connecticut-based investment management firm in connection with the formation of a differentiated open-ended, hybrid private investment fund which invests in both private investments and public equities issued as part of capital raising transactions. The Day Pitney team, consisting of Peter Bilfield, Eliza Fromberg, Erik Bergman, Lydia Joo Lee, and Joty Mondal, with tax assistance from Steve Ziobrowski and Justin Hannan, advised the client on the structuring of a multi-class, commitment-based private fund and the preparation of offering documents, including a private placement memorandum, limited partnership agreement, subscription agreement, and form of capital call notice for each class.