Day Pitney Represents Investment Management Firm in Forming Private Fund
Publisher: Day Pitney Press Release
June 1, 2021
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.
Warren Whitaker, Dina Kapur Sanna, Sarah Jacobson and Carl Merino co-authored a 2022 update to the white paper, entitled "U.S. Tax Planning for Non-U.S. Persons, Assets and Trusts - An Introductory Outline."
VCV Digital Technology announced that it plans to become a publicly traded company via a business combination with Fortune Rise Acquisition Corporation (NASDAQ: FRLAW, FRLA and FRLAW), a special purpose acquisition corporation.