Inner Hero banner Image

Private Funds

What does our private funds team offer?

Private funds is a key practice area for Freeths. Our dedicated funds team has experience in structuring investment funds across the private equity, debt, infrastructure and real estate spaces. We provide a ‘cradle to grave’ service, not only helping fund managers with capital raising, but also on operational matters, investor relations issues, restructurings and wind down.

In addition, we advise on bespoke co-investment arrangements, implementation of parallel structures, ‘funds of one’ and managed account arrangements, as well as secondary sales.

The team also has extensive experience of advising institutional investors on their participations in private funds – across the UK, EMEA and APAC market spaces.

Our financial services team advises on a broad range of regulatory issues affecting fund managers and is well accustomed to helping clients navigate the complex (and continually evolving) regulatory environment in which they operate. We regularly advise on the application of FSMA, FCA rules and guidance, AIFMD, MiFID, PRIIPs and other areas of regulation and compliance, as well as corporate governance and best practice.

Our tax specialists are also highly experienced in providing structural solutions to asset managers with a deep understanding of the private equity, infrastructure, real estate and debt asset classes.

We cover all areas of private funds, with a particular focus on private equity, private debt, infrastructure, real estate and impact funds – see more details below.

Why choose our private funds lawyers?

  • We work with our clients to help them achieve their objectives, and we try hard to align our interests with theirs. When our clients succeed, we succeed
  • We act for GPs, LPs and service providers. This gives us a clear perspective on what matters and a comprehensive understanding of the funds industry, its stakeholders, and how they work together.  In addition, having a broad client base gives us extensive knowledge of market terms and customs. We use this to help our clients, taking a commercial and pragmatic approach wherever we can
  • Freeths has a deep sector focus and extensive experience advising funds on their investments – including private equity, infrastructure, real estate and debt. We use this sector knowledge to make sure fund structures and terms are fully tailored for the investments the funds will make
  • Our clients are at the centre of everything we do, so we strive to understand them, their businesses, and their objectives (whether immediate or long term, and whether specific or thematic). We also ask our clients for feedback – and embrace it – because we believe our clients help make us what we are
Private equity

Private equity

Our investment funds lawyers have extensive experience advising managers launching private equity and venture capital funds. We cover early stage funds investing at angel and seed stage, through to later stage and growth equity, through to buyout. We are familiar with all common legal forms of funds and their jurisdictions, including Luxembourg, Ireland, Guernsey, Jersey, Cayman Islands, Delaware, and the UK. We understand the challenges involved in raising capital from institutional and other professional investors and we understand their needs and preferences. We are well-versed not just in the classic GP/LP model, but also alternative structures and permanent capital solutions.

In addition, our PE transaction teams advise well known houses on their investments and portfolio company operations. Together, we have a genuine understanding of the private equity market.

We also act for institutional investors investing in private equity and venture capital funds (whether on a primary or secondary basis), so we understand the market and can monitor trends closely.

Private equity
Image of credit cards

Private debt

We regularly advise private credit fund managers raising funds. We cover funds providing corporate finance, through real estate finance, asset backed lending, and secondaries, whether in the UK or internationally. We also advise a number of well-known and emerging credit funds, alternative lenders and challenger banks on their lending activities. Working together, we have a deep understanding of the asset class, the needs of lenders, and the challenges faced by borrowers of all types.

We have advised many institutional investors on their participations in private debt funds, so we have a quality understanding of this developing market.

Banking & finance
Image of project plan on table


Our investment funds lawyers have extensive experience advising managers launching infrastructure funds. We have experience advising managers setting up funds to invest in the UK market, Europe and beyond. We have also put together sophisticated managed account programmes for managers, as well as single-deal funds and co-investment sleeves for large assets.

Members of our team have advised market leading institutional investors (including sovereign wealth funds and major pension schemes) on their allocations to infrastructure programmes.

In addition, our infrastructure experts regularly advise funds on their investments in infrastructure projects, as do our Energy team. As such, we have a comprehensive understanding of different types of assets within the infrastructure market, and how infrastructure funds look to invest and deploy their capital.

Infrastructure & major projects
Image of laptop on table

Real estate

Real estate funds form a key part of our offering. Team members have advised on the launch of a number of real estate funds, investing in core commercial, development, agricultural and residential assets – in the UK, Europe and beyond. We have also acted for sophisticated investors in property funds and managed accounts, negotiating bespoke terms of investment and side letters.

As a firm we undertake large amounts of complex and high value real estate transactional work, including for market leading real estate funds. Working together with lawyers across our network, we provide real estate investment firms with a comprehensive ‘top-to-bottom’ service.

Real estate

Continuation Funds

Whilst there are many benefits to a continuation fund, there are a number of challenges in structuring them. We have noted some of the key issues for consideration for participants.

Read our full analysis >

SDR & Investment Labels

The FCA has published its consultation on the Sustainability Disclosure Requirements (“SDR”) and investment labels for the UK market. The proposals would require UK asset managers making sustainability-related claims about their products to substantiate those claims.

Read our full analysis >

Meet our team

Chris Freeston's Profile

Chris Freeston

Nottingham Office Managing Partner & National Head of Banking & Finance

Claire Boyce's Profile

Claire Boyce

Partner & Chartered Tax Advisor

Adam Edwards's Profile

Adam Edwards

Partner & Head of Financial Services

Darren Williamson's Profile

Darren Williamson

Partner & National Head of Real Estate

Get in touch

Contact us today

Whatever your legal needs, our wide ranging expertise is here to support you and your business, so let’s start your legal journey today and get you in touch with the right lawyer to get you started.


Get in touch

For general enquiries, please complete this form and we will direct your message to the most appropriate person.