Distributing Private Equity Funds to US Investors
With their home market in the doldrums, many US institutions are increasingly looking to invest elsewhere. And yet, overseas private equity firms have traditionally considered fund-raising in the US as particularly difficult and burdensome. Much has been written about the legal obstacles facing non-US funds seeking to enter the US market. While significant obstacles remain for funds that seek to sell shares to the retail market, these obstacles generally do not apply to private placements made to institutions and other sophisticated investors.