Ivana Kovacevic Rouse’s practice focuses on the formation and ongoing representation of private investment funds and their management.
Practice & Background
Ms. Rouse has significant experience with hedge funds, private equity funds and hybrid funds pursuing a variety of investment strategies, including energy, commodities, cryptocurrency, emerging markets, distressed debt, event-driven, asset-backed, macro, real estate and funds of funds. She also represents fund sponsors and institutional investors, including institutional money managers, government plans and public company pension plans, investing in such funds.
Ms. Rouse regularly advises management companies in connection with fundraising, registration, investment activities (including negotiating side letters, direct equity and other forms of convertible investments), marketing, ongoing compliance and operational issues. Additionally, she advises management companies on internal structuring issues such as mergers, spin-offs, profit sharing arrangements and seeding transactions.
Ms. Rouse regularly gives presentations, including most recently on topics such as “Cryptocurrencies and Network Tokens: Historical Overview and Recent Regulation,” “Private Equity, Hedge and Hybrid Terms,” and “Issues Affecting the Alternative Investment Management Industry.”
Ms. Rouse is a member of the State Bar of Texas and the Dallas Bar Association.
Ms. Rouse’s recent engagements include:
- all aspects of the structuring, formation and closing of hedge, private equity and hybrid investment funds
- secondary market transactions involving hedge and private equity fund interests
- negotiation of managed account arrangements and “single-investor” funds
- registration of investment advisers under the Investment Advisers Act of 1940
- structuring and negotiation of economic and governance arrangements among fund manager principals
- structuring and negotiation of disposition of the asset management business of privately-held registered investment advisors.
Ms. Rouse’s community, civic and charitable activities include being:
- board of directors member of the Texas Wall Street Women
- advisory board member for the Houston Chapter of the Private Equity Chief Financial Officer Association
- a member of the Texas Hedge Fund Association
- a participant in the Dallas Volunteer Attorney Program.
- “The Operational and Compliance Challenges of Investing in Digital Assets,” HFM Texas Operational Leaders Summit, Dallas, May 2018
- CoinTexas: Understanding Block Chain, Crypto Currencies and Initial Coin Offering, Houston, March 2018
- “Legal Overview & Issues with Launching a Cryptocurrency Fund,” CoinAlts Fund Symposium, San Francisco, September 2017
- “Draft Wars – The Pros and Cons of Clause Inclusion in Your Investment Advisory Agreements,” Austin Compliance Community, Austin, August 2016
- “Priorities and Regulatory Developments for US Managers,” Texas Hedge Fund COO/CFO Roundtable, Dallas, February 2016
- “Conflict Issues for Expanding Business Models,” PECFOA Presentation, Houston, July 2015