Sean Byrne

Sean Byrne focuses his practice on private funds. He advises on all aspects of the formation of venture capital, real estate, and other private investment funds, including issues involving partnerships, limited liability companies, tax, ERISA, the regulation of investment advisers, and public disclosure laws.

Mr. Byrne represents first-time fund sponsors, experienced fund managers, and institutional investors such as sovereign wealth funds and government pension plans. His practice covers U.S., non-U.S., and cross-border fund structures and clients. He has particular experience counseling tax-exempt organizations sponsoring and managing for-profit investment vehicles.

Mr. Byrne provides advice and counseling on issues including the following:

• Market fund terms
• What can and can’t be said in marketing presentations
• Regulation D, Regulation S, and other offering exemptions under the Securities Act of 1933
• Exemptions from registration under the Investment Company Act of 1940 and the Investment Advisers Act of 1940
• Life as a registered investment adviser, including preparing Form ADV and drafting, updating, and using compliance manuals
• Agreements between team members, admission of new team members, and business divorces
• Corporate venture capital programs