First-time Funds Series | Torys LLP

First-time Funds Series

What should you know before setting up a private fund for the first time? Watch our panel series on first-time funds, where members of Torys’ Private Equity team discuss the process of launching a first-time fund stage by stage, with key considerations and practical takeaways highlighted throughout.

Video #11: High-net-worth Individuals – Retail Funds

In the 11th and final video of our first-time funds series, Guillaume Lavoie and Ana Ioanas of our Private Equity practice discuss funds focused for high-net-worth individuals, also known as retail funds, and what needs to be considered for a fund raised for individual investors, including:

dealing with liquidity concerns for individual investors;
closed-end funds; and
calling capital upfront to reduce risks of default.

Click here for a transcript of this video.

First-time Funds Series: Strategy and marketing

Video #1: Introduction – Developing a Strategy and Targeting Investors

Our Private Equity group introduces the first-time funds video series and explores preliminary fund formation considerations when developing a strategy and targeting investors.

Video #2: Fund Structures

Watch Venera Ziegler and Anthony Bishop of our Private Equity practice discuss limited partnerships and structures of funds.

Video #3: Marketing the Fund and Settling Key Terms

Watch Shannon Gotfrit and Cal Hunter unpack marketing first-time funds and tips in promoting funds to prospective buyers.

Video #4: Drafting Legal Documents and Finalizing Terms

Mark Morrison and Colby Harris focus on drafting legal documents and finalizing terms for the fund.

First-time Funds Series: Investments and economics

Video #5: Fund Timelines and Making Investments

Bernard Kwasniewski and Mitchell Dost of our Private Equity practice explore fund timelines and making investments.

Video #6: Sponsor-side Housekeeping

Watch Danielle Traub and Sarah Strong of our Private Equity practice as they discuss the ins and outs of sponsor arrangements.

Video #7: Management Fees and Expenses

Watch Marco Pontello and Geoff Kelsall of our Private Equity practice as they discuss essential topics on the management fees and expenses of funds.

Video #8: Distribution Waterfall

Watch Cameron Koziskie and Lauren Hulme of our Private Equity practice unpack the basics of distribution waterfalls.

First-time Funds Series: Other considerations

Video #9: Remedies

Watch Batya Nadler and Aaron Hunt of our Private Equity practice discuss remedies typically available to investors.

Video #10: Securities Law Considerations

Watch Michele Clarkin and Liam Pedersen of our Private Equity practice provide a summary of the key securities issues pertaining to exempt market fund offerings in Canada and the United States.

Video #11: High-net-worth Individuals – Retail Funds

Watch Guillaume Lavoie and Ana Ioanas of our Private Equity practice discuss funds focused for high-net-worth individuals, also known as retail funds, and what needs to be considered for a fund raised for individual investors.

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