Brian Forman and Todd Cromwell Provide Practical Advice for Avoiding Mistakes in the Alternative Asset World

March 26, 2021 - When forming and launching funds, investment managers typically engage law firms in the early stages of the process, and then other service providers, such as accounting firms, at a later stage. Later-stage engagements of these service providers could result in rushed review and increase the likelihood of not thinking through complicated economic matters, such as fee calculations.  

In the following white paper authored by Brian R. Forman, Partner in Morrison Cohen’s Private Investment Funds practice group, and Todd L. Cromwell, Senior Manager at PKF O’Connor Davies, the authors provide practical suggestions on processes and best practices that lawyers and professional service professionals, working together, should follow to ensure a smooth fund formation process with a lower risk of error, and also share some common pitfalls and ways to mitigate and ultimately avoid mistakes.  

Prior to joining their respective firms, the pair previously worked together for a large managed account platform, coordinating their efforts together throughout the process of many fund launches for several clients, allowing them to develop and carry over good habits into their private practices today.  

PDF of the white paper:
Accounting and Legal: Working Together to Avoid Mistakes in the Alternative Asset World