Investment Funds
Covenant advises institutional investors from around the world on the full lifecycle of fund investment activity, from initial diligence through negotiation and closing, giving clients a single team with visibility across their portfolio rather than matter-by-matter review.
“The product is much more user-friendly at a much better rate on much better timelines than we were accustomed to before. It makes our research team much more engaged in the process than they ever were.”
—Global Asset Allocator
Every fund commitment,
fully covered
From first term sheet through the life of the fund.
Closed end funds
Fund commitments are reviewed and negotiated on behalf of limited partners, covering LPA terms, fee structures, and carry waterfalls.
Hedge funds
The same standard extends to hedge fund commitments, with attention to governance and liquidity terms.
Continuation vehicles
Limited partners are advised on continuation vehicle transactions, including elections to roll forward or exit.
Co-investments
Co-investment opportunities are reviewed for drag and tag rights, expense allocation, and GP conflicts.
Side letters
Side letter terms are negotiated and tracked on behalf of limited partners.
MFN elections
Most-favored-nation elections are tracked on behalf of limited partners.
Covenant serves limited partners
This gives attorneys sustained depth in LP-side issues, including fund terms, side letter negotiation, and investor protections.
Judgment from every seat at the table
Richard leads Covenant's private market practice. Richard brings deep expertise in the full lifecycle of private markets transactions and an innovative vision on how AI will change institutional investing. Previously, Richard served as General Counsel of CVC Capital Partners.
Built for institutional scale
Clients span across endowments, foundations, pension plans, funds of funds, and sovereign wealth funds.
Ready to get started?
Submit an LPA for a free review, or start a conversation with our team.