Gus Black

gus-black

Gus Black

Partner

London | 160 Queen Victoria Street, London, UK EC4V 4QQ
+44 20 7184 7380 | +44 20 7184 7001

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Gus Black, global co-chair of Dechert's financial services group, focuses his practice on investment funds (emphasizing private equity, debt and hedge funds), establishing and restructuring international asset management businesses, corporate and commercial transactions in the asset management sector and general UK financial services regulation.

In the sphere of private fund formation, Mr. Black has advised sponsors and cornerstone investors on the structuring, re-structuring, formation and investment of numerous funds and other co-investment structures ranging widely in size, strategy and focus (including numerous hedge strategies, hybrid, private equity, public and private debt, emerging markets, clean tech/energy, agriculture, infrastructure, commodities and real estate). He has advised on funds established in various jurisdictions including Jersey, Guernsey, Cayman Islands, BVI, Luxembourg, Ireland, Singapore, Mauritius, Delaware and England. He also advises on a range of portfolio investments, secondaries and other portfolio transactions.

Mr. Black is recommended by Chambers UK 2018 and 2017 in the area of investment funds. The 2018 guide states that he is "exceptional in fund structuring and related matters, commercial and very responsive" according to sources. He is particularly noted for his strength in hedge funds but has broader expertise in private equity and debt funds. The 2017 guide cites clients as commenting that he is "excellent, incredibly attentive and unbelievably knowledgeable. He's able to guide us through regulatory and legal issues." Mr. Black is also recommended in the area of investment funds by The Legal 500 UK 2017 and 2016 editions. The 2016 edition states that he is "without a doubt one of the top lawyers in the funds space." He is also recommended by Chambers UK 2016 which states that he undertakes a wide spectrum of work for asset management businesses, from fund formation to Alternative Investment Fund Managers Directive (AIFMD) regulation and the establishment of co-investment structures. The guide also notes that his varied practice covers hedge, private equity, emerging markets and infrastructure funds. 

Mr. Black is listed as a leading lawyer by the 2016 and 2017 editions of Who's Who Legal Private Funds. The publication notes that he has a "strong reputation in the market for his advice in relation to fund formation and always goes the extra mile for his clients." In 2015, Private Funds Management named Mr. Black in its list of the “top 30 private funds lawyers under 40”. The list of influential private equity lawyers has been identified by the industry and by their own peers as the best of the best in the field. Mr. Black is also recommended in the area of investment funds by The Legal 500 in its 2015 UK guide which provides client testimony that he is 'excellent at providing tailor-made advice'. Mr. Black is also recommended as a leading lawyer in his field in Chambers UK 2015 which states that he is recognised for his broad practice and capability on multi-jurisdictional mandates and provides client testimony that he is "incredibly knowledgeable - when we're looking to launch quite a bespoke product he has almost always had experience in something similar." Mr. Black has been recommended for Investment Funds since 2012 in The Legal 500 UK where he was described as "very impressive" and “very knowledgeable” and highlighted for showing “reliable judgement” in 2013. Mr. Black's publications include the “Private Equity Funds” chapter of Sweet & Maxwell’s Law and Regulation of Investment Management and the UK chapter of the European Lawyer Reference Series on Hedge Funds.

Education
  • College of Law, Guildford, LPC
  • University of Cambridge, M.A., 1997
Admissions
  • England and Wales
  • Solicitor, Law Society of Ireland
Speaking Engagements
  • Brexit for Fund Managers Seminar Series - Session Two: Structuring and Executing Fund Investments from the U.K. Without a Passport — London (September 20, 2018) 
  • Hedge Fund Business Forum — Institute of Directors, London (May 15, 2018)
  • 4th Annual LPGP Connect Private Debt London — London (March 13, 2018)
  • Capital Structure Forum 2017 — Presented by PDI, London (November 28, 2017)
  • 2nd Annual LPGP Private Debt Chicago — Presented by LPGP Connect, Chicago, IL (September 19, 2017)
  • The Hedge Fund Business Forum 2017 — A Conference Presented by Wilson Willis, London (May 10, 2017)

Moderator, "Credit and Direct Lending Funds: How Should They Best be Structured?" 

  • Offshore Investment Forum 2016 — A Conference Presented by Legal Week, London (April 28, 2016)

Speaker, panel on how flux in the funds world is changing how business is done and where funds are domiciled.

  • LPGP Connect Private Debt — LPGP Connect's 2nd Annual Private Debt Conference, London (March 154, 2016)
  • Capital Structure Forum 2015 — PEI Private Debt Conference, London (October 28-29, 2015)

Speaker, discussion on the transformation of private debt in Europe.

  • Marketing under AIFMD –Best Practice and Key Differences — HFM European Legal Summit, Hertfordshire (September 16, 2014)

Speaker, "Marketing under AIFMD: Best Practice and Key Differences" — a panel on the changes in marketing brought by AIFMD.

  • Managed Accounts as an Alternative to AIFMs — Alternative Platforms: Managed Accounts, UCITS and AIFMD Conference, London (March 18, 2014)

Speaker, "Managed Accounts as an Alternative to AIFMs" — a session on gauging which option is most suitable for investors, what the regulation offers, and how clients benefit within both an AIFMD fund and Managed Account platform allocation. 

  • Global Regulation (including Basel 3) — COO/CFO Hedge Fund Symposium, Utah (March 4, 2014)
  • First Time Fundraising Workshop — Presented by BVCA, London (February 5, 2013)
  • What Are You Not Asking in Due Diligence Reviews? — IBC's 11th Annual Hedge Fund Operations & Executive Responsibility Conference, London (December 1, 2012)

Chair, panel on regulatory, compliance and operating priorities for 2012. 

  • Getting it Right from the Start — Bloomberg's Annual Start-Up Hedge Fund Conference, London (November 1, 2012)
  • Journey's End: Preparing for AIFMD's Compliance Wave — HFM Week Legal Counsel Summit, Surrey (September 1, 2012)
  • Standing Out from the Pack and the New Rules for GPs Fundraising in an Uncertain Economic Environment — Capital Creation Conference, Cannes (September 1, 2012)
  • GP Perspectives on Fundraising — JP Morgan Private Equity Conference, London (June 1, 2012)
  • Practical Implications of Dodd-Frank — EVCA CFO-COO Summit, Paris (May 1, 2012)
  • Implementation of the AIFMD for Funds — Regulation of Alternative Investment Fund Managers 2012, London (April 7, 2012)
  • Launching a Hedge Fund — Presented by HFM Week, London (March 29, 2012)
  • Starting a Hedge Fund? All You Need to Know — Presented by Bloomberg LP, London (March 7, 2012)
  • Getting Your Business Ready for AIFM Directive Implementation — Euromoney's Third Annual AIFM Directive Conference, London (February 8, 2012)
  • Hot Topics in Fund Formation and Exits — London School of Economics Alternative Investments Conference, London (January 24, 2012)
  • Getting Your Business Ready for AIFM Directive Implementation — 3rd AIFM Directive Conference, London (November 30, 2011) 
  • All Change: Goodbye to the FSA, Hello to the FCA...And What it Means for the Hedge Fund Sector — HFM Operational Leaders Summit, South Lodge, West Sussex (September 20, 2011) 
  • Insider Dealing, Navigating a Way Through the Regulatory Storm — Hedge Fund Regulation 2011, London (June 16, 2011) 
  • The Implementation of the FSA Remuneration Code — City and Financial Conferences, London (May 17, 2011) 
  • Key Regulatory Issues for Fund Managers: AIFM, SEC Registration, Dodd-Frank - Valuation Implications and Best Practices — Duff and Phelps Third Annual European Alternative Investments Valuation Conference 2011, London (May 11, 2011) 
  • Launching a Hedge Fund: Legal, Financing & Technology Considerations for 2011 — Presented by Eze Castle Integration, London (February 8, 2011)
  • Has the Dust Settled Yet? — Eze Castle Conference, London (May 17, 2010) 
  • Fund and Deal Structuring Issues, Jurisdictional Options and Related Tax Considerations — The 2nd Augentius Private Equity and Real Estate Club Meeting, London (April 27, 2010) 
  • The Future of Hedge Fund Regulations and the Implications to Fund Managers — Hosted by Eze Castle Integration, Inc., London (February 2, 2010) 
  • How the Future of Hedge Fund Investing Will Change and Remain the Same — Infovest 21 Seminar, London (November 11, 2009) 
  • European Commission Places Asset Managers in the Cross Hairs — RCA Outreach Seminar Series, London (September 9, 2009)
  • A New Era in Valuations: Emerging Issues, Case Studies & Best Practices — RCA Outreach Seminar Series, London (July 7, 2009) 
  • Financial Services in Malta — FT Global Events, London (March 3, 2009) 
  • Offshore Fund Domiciliation Round Table Series — IFI, London (November 11, 2008)
  • Hedge Fund Structuring — MFSA Two Day Conference, Malta (October 10, 2008) 
  • Asset Raising — Infovest 21 Seminar, London (November 11, 2007)