Investment funds

We are a tier 1, award winning funds team advising both listed and private fund managers across the full spectrum of asset classes.
  • Profile
  • Experience
  • Key contacts

Our expertise includes:

  • investment fund launches both listed and private
  • complex secondary transactions, fund restructurings, mergers and reorganisations
  • corporate/LLP work for funds and managers including sponsor stake sales
  • investment into funds for cornerstone and strategic buyer
  • investor due diligence and negotiations
  • investment management agreements, distribution agreements, administration agreements and custody agreements
  • outsourcing
  • regulatory issues
  • fund manager incentivisation
  • tax structuring advice
  • litigation and contentious support

In addition to our specialist investment funds team, we are able to draw on the skills and experience of our corporate, tax, projects and real estate colleagues to provide the tailored service a specialist fund requires.

We provide our funds services in Europe and Asia principally through our offices in the international financial centres of London, Paris and Hong Kong.

"The team is quite simply excellent, giving the highest quality advice and superb client service. Partners and associates are a pleasure to deal with and are evidently very knowledgeable and current in their areas of expertise." 

The Legal 500 UK 2022

P2P Global Investments PLC

We advised on the launch of the UK's first listed fund dedicated to investing in peer-to-peer loans and related credit assets. The IPO, which was oversubscribed, raised £200 million. We advised the Trust in respect of their two subsequent C share issues raising a further £600 million in total.

Woodford Investment Management LLP

We acted for Woodford Investment Management LLP on the largest ever investment trust IPO, Woodford Patient Capital Trust plc, raising £800 million on launch.

Jupiter Second Split Trust plc

We acted on the recommended section 110 scheme for the reorganisation and voluntary winding-up of this listed fund with the option for zero dividend preference shareholders to roll over some or all of their investment into units in the Jupiter Strategic Reserve Fund, an authorised unit trust.

Schroder Real Estate Investment Trust Limited

We advised this real estate investment company on its REIT conversion and on secondary issues and subsequent acquisitions of properties including City Tower, Manchester and Store Street College of Law, London. We also acted for the company on its £130 million refinancing.

Barker Asset Management Limited

We advised on the re-launch of this hedge fund for institutional investors, including the implementation of a contingent performance reserve mechanism in the performance fee arrangements.

SQN Asset Finance Income Fund Limited

We acted on the launch of this equipment leasing and asset finance fund, the first listed fund to invest in this asset class.

Numis Securities Limited

We acted for Numis Securities Limited as sponsor for a placing programme in respect of up to 50 million shares for JPMorgan US Smaller Companies Investment Trust plc, a listed fund listed on the premium segment of the Official List of the London Stock Exchange.

Sanditon Asset Management

We acted for Sanditon on the launch of their first investment trust with a long/short UK and European equities investment strategy and a stake in the investment manager.

RMS FinGroup Ltd

Advising in relation to the launch of the RMS Group's first hedge fund product. The fund is structured as a segregated portfolio company in the Cayman Islands.

Premier Energy and Water Trust plc

We advised on a complex court-approved scheme of arrangement to effect an extension of the life of the listed fund by moving an existing ZDP share class into a newly incorporated subsidiary.

Schroder European Real Estate Investment Trust PLC

We advised the fund on the first ever simultaneous London and Johannesburg Stock Exchange IPO which is a UK investment trust in European real estate.

Lawyer

William Saunders Head of funds and financial services

T:  +44 20 7809 2138
M:  +44 7770 721 429 Email William | Vcard Office:  London

Latest news & insights

23 Jan 2024

From News

Stephenson Harwood advises SCREF on £115 million sale

Law firm Stephenson Harwood LLP has advised Schroders Capital Real Estate Fund (SCREF) on the £115 million sale of One Ruskin Square, Croydon to HMRC.

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23 Oct 2023

From News

Stephenson Harwood advises Coniston Capital in connection with their growth capital investment into MWA Financial

Stephenson Harwood has advised Coniston Capital in relation to its growth capital investment into MWA Financial in order to fund MWA's acquisition strategy.

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16 Oct 2023

From News

Stephenson Harwood advises on Bon Vivant fundraising

Law firm Stephenson Harwood LLP has advised Sparkfood and Sofinnova Partners on the recent €15 million fundraising for Bon Vivant, a French start-up that produces sust..

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03 Oct 2023

From Insights

Hong Kong's OFC grant scheme – not quite last call but close 香港的开放式基金型公司资助计划 – 把握申请机会

Fund managers have a few more months until 9 May 2024 to save costs if they plan to set up or redomicile an open-ended fund company (OFC) in Hong Kong.

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11 Sep 2023

From Insights

Overruling the IPFUND case – no more "private company" exclusion for collective investment schemes?

In the recent decision of Department of Justice v IPFUND Asset Management Limited & Anor [2023] HKCA 925, the Hong Kong Court of Appeal overturned the District Court's..

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26 Jul 2023

From News

Stephenson Harwood advises Kudu Investment Management on investment

Law firm Stephenson Harwood LLP has advised Kudu Investment Management LLC (Kudu) on its minority investment in Apera Asset Management LLP (Apera), through an Apera af..

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11 Jul 2023

From Insights

An ISSB milestone to a clearer path

In our recently-published white paper on ESG, interviewees told us that the quality of ESG disclosures in the market was simply not good enough.

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03 Jul 2023

From News

New White Paper finds lack of clarity of ESG a main issue for businesses and investors in quest for a more sustainable future in Asia

A new White Paper to identify the needs of businesses and investors in their sustainability goals and how the legal sector can support them has revealed that confusion..

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12 May 2023

From News

Stephenson Harwood advises Liberum on Castelnau's £56.6m placing

Law firm Stephenson Harwood LLP has acted for Liberum Capital Limited (Liberum) in its role as sole financial adviser and bookrunner to Castelnau Group Limited (Castel..

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05 May 2023

From Insights

Summary of the Consultation Conclusions of the SFC proposal to implement a regulatory regime for depositaries of SFC-authorised CIS

To understand more about the comments made by the SFC in response to the public consultation as well as how this may affect you please read the article.

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31 Mar 2023

From News

Stephenson Harwood lawyers named in Thomson Reuters Stand-out Lawyers list

12 Stephenson Harwood lawyers have been named Thomson Reuters Stand-out Lawyers in 2023.

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28 Mar 2023

From Insights

States, take note: Law Debenture v Ukraine

In The Law Debenture Trust Corporation plc v Ukraine [2023] UKSC 11, the Supreme Court dismissed a summary judgment application made by the Law Debenture Trust Corpora..

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22 Mar 2023

From Insights

ESG as a component of investment DNA

The question of whether ESG should be made a part of fiduciary duty in investments has supporters at both ends.

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01 Nov 2022

From Insights

Climate-related risks and decarbonisation survey

Asset managers may recall our alert in October 2022 - Climate-related risks: 20 November 2022 deadline - Have you checked the boxes?.

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14 Oct 2022

From Insights

Climate-related risks: 20 November 2022 deadline - Have you checked the boxes?

By 20 November 2022, qualifying fund managers in Hong Kong will need to comply with the Securities and Futures Commission's Circular on Management and Disclosure of Cl..

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26 Sep 2022
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© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.