Insights

Corporate Transparency Act for Fund Clients

The Beneficial Ownership Information Reporting Requirements (BOIR Rule) under the Corporate Transparency Act (CTA) requires companies to identify their beneficial owners, unless the company falls within a list of exemptions. This memorandum describes some key factors of the CTA that funds should consider.

Vidia Equity Closes Oversubscribed €415M Climate Fund I

Choate represented Vidia Equity, a Munich-based investor in industrial decarbonization climate solutions, in the formation of its oversubscribed €415M Vidia Climate Fund I.

Choate Elects Four to Partnership

Four Choate attorneys – Shaun Barnes, John Marshall Chambers, Shaina Wamsley London, and Rick Thide - have been elected to partnership of the firm, effective January 1, 2024.

La Famiglia Joins Forces with General Catalyst

Choate is proud to have provided US counsel to La Famiglia, a seed-stage venture capital firm based in Berlin, in its combination with General Catalyst, a Cambridge, MA and Silicon Valley based venture capital firm.

SEC Adopts Significant New Requirements for Advisers to Private Funds

On August 23, 2023, the SEC adopted final regulations in a 658-page Adopting Release, significantly increasing the regulatory burden on advisers to private funds and impacting the scope and timing of private fund financial reporting.

Sverica Capital Management Closes $750M Fund VI

Choate represented Sverica Capital Management, a leading growth-oriented middle market private equity firm, in the formation of its sixth private equity fund.

SEC Proposes Significant New Regulations for Advisers to Private Investment Funds

On February 9, 2022, the Securities and Exchange Commission (“SEC”) published proposed regulations for investment advisers whose clients include private funds (the “Proposal”).

New Energy Capital Acquired by Victory Capital

Choate represented New Energy Capital in its sale to Victory Capital. Based in Hanover, New Hampshire, New Energy Capital (NEC) is a leading alternative asset management firm focused on debt and equity investments in clean energy infrastructure projects and companies.

Choate Advises Chiratae Ventures on the Formation of its $337M Fund IV

Choate represented Chiratae Ventures on the formation of its oversubscribed $337M Fund IV.