Neil J. Koren
- Partner at Shartsis Friese LLP (62 Attorneys)
- One Maritime Plaza, Eighteenth Floor, San Francisco, CA 94111 View Neil J. Koren's office location
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Peer Reviews
No Reviews - Profile Visibility
Biography
Services that Mr. Koren provides include:
•Structuring and documenting offshore and domestic hedge funds, crossover or hybrid funds, venture capital funds, private equity funds and real estate funds.
•Registering and advising investment advisers on ongoing compliance matters.
•Structuring and fund management companies and negotiating and preparing the governing documents of those companies, advising on management company legal issues, negotiating seed and anchor investment, and side letters, and advising on mergers and acquisitions of investment managers.
Prior to joining our Firm, Mr. Koren was associated with Schulte Roth & Zabel LLP in New York City.
Accolades
In law school, Mr. Koren was the Editor-in-Chief of the Cardozo Arts & Entertainment Law Journal and was awarded the Felix Frankfurter Award.
Publications/Speaking
Mr. Koren will moderate Workshop 7 The Increasing use of alternative fee arrangements by private funds at The 18th Annual International Conference on Private Investment Funds scheduled for March 5-7, 2017, in London, England.
Areas of Practice (10)
- Investment Funds & Advisers
- Investment Advisers
- Hedge Funds
- Business Transactions
- Corporations
- Limited Partnerships
- Limited Liability Companies
- Business Agreements
- Venture Capital Funds
- Private Offerings
Education & Credentials
Professional Activities
Mr. Koren is admitted to the Bars of the State of California and New York. Mr. Koren speaks at several hedge fund industry conferences and is a member of the West Coast Executive Committee of Hedge Funds Care.
Peer Reviews
Documents (8)
- GDPR – May 25, 2018 Effective Date
- LEGAL ALERTS/ARTICLES
- Jul 20, 2018, previously published on Jul 20, 2018 | Author: Jahan P. Raissi , Christina Mickelson Hamilton , Joan L. Grant , Geoffrey W. Haynes , Ellyn T. Roberts , Neil J. Koren , Alan Azar , Carolyn S. Reiser , James J. Frolik and John P. Broadhurst
- Law Firm: Shartsis Friese LLP - San Francisco Office
- GDPR – May 25, 2018 Effective Date...
- Reminder of NAV Decline Triggers
- LEGAL ALERTS/ARTICLES
- Mar 22, 2018, previously published on Mar 22, 2018 | Author: Joan L. Grant , John P. Broadhurst , Geoffrey W. Haynes , Anthony J. Caldwell , Carolyn S. Reiser , Christina Mickelson Hamilton , Neil J. Koren , Ellyn T. Roberts , James J. Frolik and David Suozzi
- Law Firm: Shartsis Friese LLP - San Francisco Office
- Given the recent market volatility, we thought we would remind you about NAV decline triggers in your agreements with counterparties. Most swap, securities lending and margin lending agreements (some of which may be in brokerage account agreements) include covenants that require your firm or its client or fund to notify the counterparty if certain events occur. One common covenant requires notice to the counterparty if the net asset value of the client or fund decreases more than a specified percentage during a given period (such as 10-15% during a given month) or below a specified amount. You should review those provisions carefully. You should also comply with other common covenants that require that you deliver information (such as monthly NAV estimates and your funds’ audited financial statements) by the specified deadlines....
- Recently Signed Tax Reform Bill
- LEGAL ALERTS/ARTICLES
- Jan 24, 2018, previously published on Jan 24, 2018 | Author: Joan L. Grant , John P. Broadhurst , Geoffrey W. Haynes , Anthony J. Caldwell , Carolyn S. Reiser , Christina Mickelson Hamilton , Neil J. Koren , Ellyn T. Roberts , James J. Frolik and David Suozzi
- Law Firm: Shartsis Friese LLP - San Francisco Office
- The President has signed the Tax Cuts and Reform Bill, which among other things changes the treatment of the “carried interest” allocable to most hedge fund managers (typically 20%). It provides that long term capital gain treatment within the manager’s carried interest generally will only be available with respect to gains from assets held for at least three years. Depending on the applicable fund’s tax circumstances and so long as any action is consistent with that fund’s investment strategy and the manager’s fiduciary duty obligations, a fund manager may want to consider having its fund sell positions, distribute securities in kind or convert some of the manager’s general partner interest in its fund to a limited partner interest before the end of 2017. Managers should also consider whether to change what type of entity the management company is for tax purposes (i.e. partnerships, C corporations or S corporations), and whether it should be charging the carried interest as a profits allocation or as a straightforward fee....
- Upcoming DOL Fiduciary Rule Compliance Deadline
- LEGAL ALERTS/ARTICLES
- Jul 26, 2017, previously published on Jul 26, 2017 | Author: Ellyn T. Roberts , Geoffrey W. Haynes , John P. Broadhurst , Carolyn S. Reiser , David Suozzi , Neil J. Koren , Joan L. Grant , James J. Frolik , Anthony J. Caldwell , Christina Mickelson Hamilton and Kathryn K. Miller
- Law Firm: Shartsis Friese LLP - San Francisco Office
- The U.S. Department of Labor (“DOL”) regulation that expands the definition of “investment advice fiduciary” (the “Fiduciary Rule”) becomes applicable June 9, 2017, and will affect discretionary investment managers....
- The Department of Labor Fiduciary Rule’s Effect on Investment Adviser Marketing Practices and Rollover Recommendations
- LEGAL ALERTS/ARTICLES
- Jun 01, 2017, previously published on May 19, 2017 | Author: John P. Broadhurst , Anthony J. Caldwell , James J. Frolik , Joan L. Grant , Geoffrey W. Haynes , Neil J. Koren , Christina Mickelson Mickelson Hamilton , Kathryn K. Miller , Carolyn S. Reiser , Ellyn T. Roberts , Christopher J. Rupright and David Suozzi
- Law Firm: Shartsis Friese LLP - San Francisco Office
- On April 10, 2017, the U.S. Department of Labor (“DOL”) final regulation (the “Final Regulation”) that redefines what constitutes “investment advice” that makes the advice provider (including an investment advisory firm) a “fiduciary” to plans, plan participants and IRA owners (“Retirement Plan Investors”) under the Employee Retirement Income Security Act of 1974 (“ERISA”) and the prohibited transaction excise tax rules of Internal Revenue Code section 4975, is scheduled to become applicable. Although the Final Regulation was designed to limit conflicts of interest at retail-level investment advisers and broker-dealers, unless an exception applies, the Final Regulation will confer fiduciary status on advisers, such as separate account managers, who (1) solicit Retirement Plan Investors with a pitch that is coupled with an investment recommendation or (2) make a recommendation to roll over plan holdings to an individual retirement account (“IRA”)....
San Francisco, California
- San Francisco, CA
One Maritime Plaza, Eighteenth Floor
San Francisco, CA 94111
415-773-7276 Phone
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