Private Equity: Limited Partners
For more than two decades, our fund lawyers have actively represented institutional investors and their advisors—including public and private pension funds, sovereign wealth funds, endowments, funds of funds, foundations, and large family offices—on a broad range of matters relating to their investments as limited partners in private funds and a variety of bespoke investment vehicles.
On behalf of these investor clients, we have reviewed and negotiated the terms of thousands of limited partner investments in all types of private funds. This breadth and depth of perspective means that we have seen the entire spectrum of fund structures and related terms, enabling us to combine savvy advice on regulatory, tax and other legal matters while also providing practical insights on cutting-edge market terms and trends.
Thought Leadership
The year 2025 saw significant regulatory activity in the realm of digital assets. The US Congress and financial regulators took steps to create and implement a clear legal framework to facilitate financial transactions using digital assets, and they will continue to do so in 2026.
Our annually updated Global Employer Guide provides a concise, easy-to-read summary of employment laws across more than 15 countries.
On the morning of 21 July 2026 at a meeting of the Wall Street Tax Association, officials from the Internal Revenue Service and Department of Treasury joined in a discussion with income tax professionals about various transactions, including transactions involving exchange-traded funds, in which the government has taken an interest because the tax treatment of the transactions seems “too good to be true.”
The Washington state legislature has adjourned for 2026, and key tax changes are in store if Governor Bob Ferguson signs several tax-related bills into law, and if those tax changes then survive expected legal challenges.