The Main Economic Terms:
o The 2 and 20 model
o Manager co-investment
o The distribution waterfall
o Clawbacks; recycling; fees and expenses
Where are the Future Opportunities (Sectors, Stages Geographies), and How Will the Investment Process Change Post-COVID?
Matt Dickman, a London-based partner and member of the firm’s Funds/Investment Management Group, advises on the formation, management and reorganisation of private investment funds. Mr. Dickman is also a leader in the firm’s Private Funds Transactions Group, where he regularly advises fund sponsors and investors on GP staking transactions, including internal reorganisations and internal economic and governance arrangements, as well as seed investments in emerging fund sponsors and secondary transactions. He is recommended by The Legal 500 UK (2022).
Mr. Dickman represents a broad range of international private equity and other private investment funds and their sponsors, including recent experience advising technology and venture capital funds.
Mr. Dickman first joined Debevoise as an associate in 2012. He later became a partner at an international law firm in its San Francisco office before returning to Debevoise in London in 2018. This international experience gives Mr. Dickman a broad perspective on the funds markets in both the U.S. and Europe.
Mr. Dickman received his B.A. in 2000 from Dartmouth College, his M.B.A. in 2007 from Kellogg School of Management at Northwestern University, and his J.D. in 2007 from Northwestern University Pritzker School of Law. He is admitted to the Bar in New York and California. He was previously a financial analyst in the mergers & acquisitions group of JP Morgan.