16th annual international conference on private investment funds - Current trends in incubation and seeding arrangements

Seeding and incubation have become far more commonplace recently in response to the ever increasing costs associated with starting an asset management firm, on the one hand, and the possibility of making better than ordinary hedge fund returns, on the other. Consequently, the universe of managers seeking seed capital, and capital providers making capital, is much larger than ever before, and the number of transactions is at an historic peak. In this session, panellists will explore the various types of seed and incubation transactions that are currently undertaken in the marketplace, the commercial and legal points of sensitivity, and contention, for both seeders and capital providers, and the regulatory and tax considerations to be taken into account when engaging in a seed deal.
Udi Grofman Paul Weiss Rifkind Wharton & Garrison, New York
Chudé Chidi-Ofong Ledbury Partners, London
Olivier Meyohas The Blackstone Group, London
David Plutzer Goldman Sachs Asset Management, New York
John Tavss Seward & Kissel, New York