Hedge Funds

For over 45 years, Kleinberg Kaplan has been a leader in the hedge fund industry. We have developed a national and international reputation for our representation of private funds, including several pioneers in the hedge fund industry. Our Hedge Fund practice has been designated as a leader in its field by Chambers USA, Legal500 and the IFLR1000 – The Guide to the World’s Leading Financial Firms. Kleinberg Kaplan also was named by Institutional Investor’s Alpha magazine as one of the overall top four U.S. law firms serving hedge fund managers throughout the world and was recognized in Alpha magazine’s list of Top Hedge Fund Service Providers. In 2009, 2010, 2011, 2013, 2014, 2015 and 2016, the firm was included on HFMWeek‘s Service Provider Awards short list for best hedge fund law firms. We were named as one of the top U.S. law firms in two different categories – client service and best U.S. law firm overall.

Our firm represents hundreds of fund managers including leading domestic and offshore funds and fund-of-funds with many billions of dollars under management, advising them on all aspects of their businesses. We provide comprehensive legal services for fund managers and their funds from inception through the life of the fund including:

Fund Preparation and Launch

  • Preparing offering and subscription documents
  • Fund and management company formation and structuring
  • Seed capital, incubation and strategic investor arrangements and side letters
  • Establishing foreign offices
  • Tax and estate planning for management team
  • Office lease and technology license agreements


  • Investment adviser registration and exemption filings
  • CFTC registration and exemption filings
  • Preparing compliance manual and code of ethics
  • Developing and instituting compliance programs
  • Commodities compliance issues
  • Regulatory and securities filings


  • Investor activism
  • Hedge fund manager mergers and acquisitions
  • Derivatives and collateralized debt obligations
  • Real estate and other private equity investments
  • Mergers & Acquisitions (including acquisitions, disputes, proxy contests, emerging markets)
  • Joint ventures
  • Secured lending
  • Securities offerings, including private placements
  • Insurance dedicated funds and private placement life insurance

General Counsel

  • Employment and compensation issues (including phantom equity and other equity compensation arrangements)
  • Prime brokerage documents and other financing agreements
  • Trading questions and issues
  • Securities law issues and compliance
  • ‘34 Act compliance (Schedules 13D and G, short swing profit issues, large trader reporting)
  • Protection of proprietary information
  • Confidentiality agreements
  • Licensing and technology agreements
  • Agreements with administrators and other service providers, consultants and third-party marketers
  • Capital raising and investor relations, including placement agent issues and agreements
  • Tax
  • Estate planning
  • Business continuity planning for fund managers
  • Personal tax, deferred compensation and asset protection planning for fund managers
  • Litigation, investor rights enforcement and risk management
  • Distressed assets
  • Real estate

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