A private fund management business should create a governance structure that will withstand the eventual absence of its founder(s) in a manner that will support the continued success, long-term sustainability, and financial self-sufficiency of the business, with due consideration of the interests of equity stakeholders. It should also maintain core values and its approach to management. Further, it should provide sufficient flexibility to address changes in the business environment, and enable culture, operations, and strategy to evolve over time in a manner consistent with the core values.
This seminar will address several key themes that drive the development and sustainability of managing a private fund management business, such as governance of the business, succession planning, ownership and economic issues, and the mobility of investment professionals and executives.
