Robert B. Weiss: Kramer Levin

The Investor With Joel Palathinkal

In this episode, the focus is on the critical role of legal counsel in fund formation, featuring Robert B. Weiss from Kramer Levin an expert guest discussing the "anatomy of fund documents." The conversation begins with an overview of private fund formation and essential fund characteristics. Topics include the indicative closing checklist, custodian use, LLC agreement structure, and marketing presentations for funds. The episode delves into side letters, their applications, economic terms, and most favored nation provisions. Offshore investment tax considerations and side letter expenses are also explored. Listeners gain insight into fund entity setup, initial documents, and fund manager insurance, with a look ahead to future sessions and a Q&A segment. (0:00) Introduction to legal counsel importance and podcast episode (0:57) Overview of "anatomy of fund documents" series and guest introduction (3:07) Private fund formation and basic fund characteristics (5:05) Indicative closing checklist and custodian use in funds (10:39) LLC agreement structure and marketing presentation for funds (23:31) Side letters: examples, applications, and economic terms (27:31) Most favored nation provisions and compliance (36:13) Offshore investment tax considerations and side letter expenses (44:18) Fund entity setup, initial documents, and fund manager insurance (47:12) Planning future sessions, Q&A, and feedback instructions (48:12) Closing remarks and anticipation for future sessions