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.

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.

Kayo Women in Private Equity Pop-Up Conference Hosted by Choate

Choate hosted the Kayo Conference Series for a Women in Private Equity Pop-Up program, which brings together leading women in private equity, venture capital, and M&A who are looking to capitalize on strong valuations and back the next generation of entrepreneurs to transform company growth.

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.

Choate Lawyers and Practice Groups Recognized by Chambers 2023

The 2023 edition of Chambers USA Guide to America’s Leading Lawyers for Business recognized 16 practice areas and 31 Choate attorneys as leading counsel in their fields, with six receiving Band 1 rankings, three receiving nationwide recognition, two global recognitions, and two senior statesmen.

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.

Choate Attorneys Recognized in Best Lawyers in America® 2023

Best Lawyers in America® has recognized 49 Choate attorneys in its 2023 edition, including naming co-managing partner William Gelnaw a Lawyer of the Year.

Carried Interest Would Be Taxed at Ordinary Income Tax Rates Under Newly Proposed Legislation

On July 27, 2022 Senate Majority Leader Chuck Schumer and Senator Joe Manchin issued a joint statement announcing an agreement to add the Inflation Reduction Act of 2022 to the FY2022 Budget Reconciliation Bill, which includes limitations for Private Equity managers to benefit from capital gains treatment on their carried interest.