Debevoise & Plimpton LLP partner Vadim Avdeychik and associates Sam Scarritt-Selman and Andrew M. Friedman of the firm’s Investment Management Group authored a chapter entitled, “Tender Offer Funds,” for the Practising Law Institute.

The chapter discusses the historical evolution of tender offer funds, their organization and registration, the tender offer process and the legal and regulatory framework governing their operations. The authors also examine key considerations relating to portfolio composition and management, including investments in other investment companies, affiliated transactions and co-investments, and discuss the growing use of tender offer funds to provide investors with access to private-market assets and alternative investment strategies.

Vadim Avdeychik is a partner based in the New York office and a member of the firm’s Investment Management Group. His practice focuses on advising on the structuring, launch and management of registered fund products and other products designed for high net worth and retail investors.

Andrew Friedman and Sam Scarritt-Selman are corporate associates and members of the firm’s Investment Management Group. Their practices focus on advising on the structuring, launch and management of registered fund products and other products designed for high net worth and retail investors.