Hedge Funds, Private Equity Funds, Investment Management,
Technology, Media & Venture Capital

 

Riveles Wahab is a boutique law firm representing hedge and private equity funds, investment managers, startups, creative businesses, technology companies, and other ventures. We are dedicated to providing sophisticated, strategic and responsive counsel delivered in an efficient and cost-effective manner. Our attorneys thrive on finding innovative, high-value solutions to our clients’ unique challenges and watching their ventures succeed.

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FEATURED WHITE PAPERS

 

LAUNCHING A HEDGE FUND: A Detailed Overview and Primer.

Launching a hedge fund is a major undertaking that requires a systematic approach and experienced partners in a variety of industries and areas of expertise. Brokerage, legal, tax and technological considerations are essential to the development of a successful fund. Creating a legal and structural framework at the outset that is in tune with the fund’s investment objectives and investor base is the foundation for a successful fund. Read our outline of legal, structural and practical considerations to be evaluated in establishing your hedge fund here.

 

LAUNCHING A HEDGE FUND? Is Investment Adviser Registration Required?

For the founder of a new hedge fund, compliance with the new Investment Advisers Act registration regime is a critical initial step. If registration is required, investment advisory services may not be provided until SEC or state registration is obtained. Title IV of Dodd-Frank changed the regulatory landscape by basing registration not on the number of clients but on regulatory assets under management, thereby shifting regulatory authority over smaller managers to the states and regulating larger managers outright. This memorandum outlines which advisers must, may, or are prohibited from SEC registration.

GOING PRIVATE TRANSACTIONS: An Overview

Going-private transactions take a variety of forms but typically are (i) accomplished by a merger, tender offer or reverse stock split, (ii) spearheaded by the company’s senior management, and (iii) financed by third party debt and/or equity financers. The form chosen for the transaction in any particular case depends on need for outside financing, the composition of the shareholder base and the likelihood of a competing bid for the company, among other factors. Read more about going-private transaction here.


FIRM BLOG

Basics of Warrant Coverage Terms

In order to induce “investment” of valuable dollars or services, ranging from cash investment under a Regulation D Private Placement Offering, or on the flipside, the efforts of a trusted advisor/accelerator/incubator, so-called “warrant coverage” is often part of the deal. “Warrant Coverage” is designed to further persuade an investor or service provider to participate in an investment opportunity by providing the investor or service provider additional opportunity to leverage the company upside, as it grows in value. While less commonly used than a variety of other deal “sweeteners”, they are a significant feature in the investment landscape. The following provides a high-level summary of the typical negotiated deal points for warrants. read more

FIRM NEWS

Kaiser Wahab Named to 2016 Super Lawyers List

Riveles Wahab LLP partner Kaiser Wahab has been named on the 2016 New York Metro Super Lawyers list as a top rated business and corporate attorney. Super Lawyers recognition is awarded to only five percent of attorneys in the New York Metro area. Mr. Wahab is honored to be named to this year’s list, as Super Lawyers has established itself as an indicator of attorney excellence, and thanks his peers for their nomination and positive evaluation of his career and achievements. read more

Kaiser Wahab Quoted in US News Speculating on Facebook Cannabis Business Strategy

Riveles Wahab LLP partner Kaiser Wahab has been quoted in two US News articles on his thoughts as to why Facebook has recently taken down the pages of several cannabis businesses. Kaiser speculated that the takedowns were the result of a newly-adopted company stance arising out of the fear that the advertising displayed next to the business’ pages “could constitute interstate commerce when shown to users outside a pot business’ home state”. read more

FIRM BLOG

Corporate Structuring and Fundraising for Single Purpose Vehicles

What do securities syndications and fundraising for real estate, restaurant ventures, film ventures, theme parks and a variety other project finance opportunities have in common? The answer is simply the often overlooked and misunderstood “SPV.” Essentially, the SPV or “Single Purpose Vehicle” is an entity that is structured to take in investor monies towards funding a singular dedicated project or opportunity. Indeed, a great majority of real estate finance projects, and a variety of other project finance opportunities essential to the U.S. economy, are at least partly funded by SPVs. Furthermore, with the advent of crowdfunding and “general solicitation” under the JOBS Act, the SPV’s role in financing a variety of projects and operating companies cannot be overstated. read more