Todd Boudreau spoke to Law360 about the three types of funds attorneys should be prepared to provide counsel on in 2020.
One of these funds is the secondaries market, which “can almost be like just doing a transaction for your M&A practice,” Todd said. “It is very similar to doing a transaction for an M&A partner but you need to understand fund economics.”
Todd also discussed impact investing as a 2020 trend. “You might have funds with an impact twist,” he said, adding that you could start to see more individuals branch off from larger firms and funds in order to launch vehicles with a specific impact focus “designed to solve one particular issue,” whether that’s related to the environment, health care, employment, or any number of issues. “Maybe it’s someone who was a fund manager at a bigger fund and now wants to branch-out or do something specifically in an area they’re passionate about.”