Seed Transactions
Overview
Seward & Kissel has one of the largest investment management practices globally, with extensive experience advising both fund managers and seed investors on complex seed transactions. This dual perspective enables us to navigate competing priorities, address challenging negotiation issues, and develop practical, well-calibrated solutions.
Our experience spans a wide range of seed transaction structures, including anchor investments, direct investments, and working capital arrangements. We advise on the full range of commercial and structural terms that commonly shape these transactions, including:
- Buyouts
- Capacity rights
- Co-investment rights
- Consent rights
- Indemnification and exculpation
- Lock-ups and lock-up releases
- Most favored nations provisions
- Revenue share rights and terms
- Side letter terms
- Tail rights
- Transparency rights
- Working capital arrangements
These transactions involve participants across the investment management industry, including managers of mutual funds, hedge funds, private equity and venture capital funds, as well as institutional investment managers, wealth managers, registered investment advisers, broker-dealers, CLO managers, and family offices.
Seward & Kissel also authors one of the most widely read seed deal publications in the industry. Our most recent Seed Transactions Deal Points Study is available on our website.
Capabilities
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