A Shift in Funds
An interview with Ira Kustin
CLE Credit — Approved in 4 States
Traditionally, the line between the structures of alternative investments like hedge and private equity has been distinct. Over the past decade or so, that line has blurred as fund managers respond to changing markets and investment appetites. Ira Kustin, Paul Hastings investment management group partner, explains changing trends in fund structures, hybrid vehicles for illiquid assets and special purpose vehicles for zombie assets, and the challenges for new fund launches today.
About Ira Kustin
“Fund managers increasingly want to have either multiple classes within one private fund vehicle or multiple lines of product available to investors.”
Ira Kustin is a partner at the the law firm Akin Gump Strauss Hauer & Feld, primarily advising investors in, and sponsors of, complex hedge, private equity and credit funds. His client base includes both well-established advisers and start-up managers, focusing on their operations and regulatory compliance matters. He regularly counsels private fund advisers on international investment platforms. He has written and been quoted in several advising and investing articles. His writings have been published in such notable publications as the Hedge Fund Law Report, Law 360, and Asset Management Intelligence.
