News & Events

Funds Partner Peter Gilman was quoted in an article published by Private Equity Law Report titled, “Allure of Customizable Investment Options Offered by Single Investor Funds and Attendant Allocation Risks (Part One of Two).” The article, part one of a two-part series, explored the flexible investment opportunities afforded by Single Investor Funds (SIFs), factors associated with inequitable allocation practices between SIFs and commingled funds and steps sponsors can take to mitigate those risks. When discussing the spectrum of how much authority investors can exercise over SIF investments, Peter noted that those where they have the right to review and veto investment opportunities function more like deal-by-deal funds and share similar uncertainty risk. “If each SIF has the ability to decide for itself whether it’s going to do a deal, then that really raises issues with a manager’s ability to commit to a deal in the first place,” he explained.

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