Boston’s Heather Stone, Partner and Co-Chair of Locke Lord’s Investment Adviser and Alternative Funds group, was recently quoted in a Private Equity International article on funds and when fundraising begins. Stone notes that “some GPs would say fundraising of some description is never really over – once you have a final closing on a fund, you are almost immediately talking to the LPs about the next fund. Other private equity lawyers reckon a fund’s launch date should really be when the PPM for the fund is issued; unlike, say, a chat over lunch with an investor, a PPM is a tangible piece of marketing.”
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