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Fund formation and asset management

Fund managers and institutional investors face increasing challenges. These include:

Market volatility and global economic uncertainty
Rising inflation and interest rate fluctuation and their effects on costs
Greater regulatory and reporting obligations
The adoption of technology and using data in the race to remain competitive

Allen & Overy have a dedicated global fund formation and asset management group dedicated to finding innovative solutions to such complex problems. We lead the market, with a full-service offering that our fund manager and institutional investor clients find invaluable. We provide market-leading expertise combined with commercial sensibility, and as a result build long-standing relationships with our clients.

We have asset management, tax and regulatory professionals in the major financial centres. Our global coverage, local knowledge and responsiveness means we offer expertise in the key fund and asset management regions, with teams in the U.S., the UK, and Luxembourg. We have expanded our teams in the Middle East, Asia and Australia. We have strong relationships with law firms in the key offshore jurisdictions for the industry.

We support and advise clients on areas including:

Fund establishment across all the main asset classes, working with our sector experts, and covering both retail and alternative investment fund structures.
Drafting, negotiating and managing fund investments, IMAs, custody and prime brokerage agreements.
Putting in place regulatory compliance programmes for asset managers operating globally.
Managing corporate and financing transactions involving asset managers, underlying assets and fund transfers, and dealing with distressed investments and restructuring.
Working with lenders, borrowers and sponsors at all levels of Private Credit capital structures.

Explore our services

Foreign Investment Controls

News and insights

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Publications: 05 March 2024

Women in Funds: Conversation with Jeanette Bruns, Head of Debt Fund Management at Deka Immobilien Investment GmbH

In the next episode of “Women in Funds”, funds & asset management partner Dorothee Atwell and associate Ruth Rawas, both based in Frankfurt, have a discussion with Jeanette Bruns, Head of Debt Fund…

Publications: 05 March 2024

Private Markets Global Trends 2024

Private markets have shown remarkable resilience and innovation in the face of unprecedented challenges and opportunities in the past few years. From the pandemic to the digital transformation, from…

News: 22 January 2024

Allen & Overy advises ZENCAP AM on the launch of Zencap Direct Lending IV fund

Allen & Overy has advised Zencap Asset Management, a specialized private debt management company within the Ofi Invest group, on the launch of the Zencap Direct Lending IV fund, its fourth vintage of…

Publications: 13 December 2023

Search for scale and specialist expertise point to increased dealmaking among asset managers

A combination of defensive and offensive M&A is set to reshape the asset management industry. Here we explain what’s behind the trend – and outline the nuances of these often tricky deals.

Recognition

Allen & Overy Luxembourg handles fund structuring and establishment matters, in addition to ongoing regulatory and compliance work, for the full range of fund types, particularly within the alternative space.

Legal 500, Investment Funds (Luxembourg)

In one highlight, a group reviewed over 50 investment management agreements for various pension funds and sovereign wealth funds for investments totalling over £30bn.

Legal 500, Investment Fund Formation and Management

Clients describe the team as "very strong, with a deep bench of lawyers; they are very responsive and proactive.