Karma Samdup is a partner in the Investment Management Practice Group and Head of Private Funds and Venture in Europe in Haynes Boone’s London office.
His practice focuses on advising clients across the venture spectrum. This includes advising new managers on launching venture capital funds, both onshore and offshore. Karma also advises FOs and other LPs on direct and indirect investments, and secondary transactions as well as PE & VC managers, angel networks, HNWIs and high-growth start-up companies.
Advising LPs (institutional LPs, FOs)
- Fund investments into managers globally.
- Family office or holding company/’evergreen’ structures.
- Direct deals, including the formation of co-invest SPVs (if required).
- Formation of closed-ended funds both onshore (UK) or offshore (Cayman, BVI, Channel Islands or Luxembourg).
- Co-investment structures (onshore, offshore) including co-invest LP terms as well as the portfolio investment terms.
- Deal by deal SPVs (onshore or offshore).
- GP/Manager spin-outs/JVs.
- Carried interest arrangements and adviser network incentives.
- Downstream deals/investments (equity or convertible/debt financings).
Advising Start-ups and Founders
- Fundraising rounds (equity or convertible loan/debt financings).
- Group re-organisations and structuring advice (including cross-border).
- Corporate/commercial advisory support for scaling start-ups including ‘outsourced GC solution’ (i.e., legal advisory support on day-to-day issues and curating specialists).
- Employee incentive arrangements (e.g., ESOPs, phantom options, growth shares).
- Exit options, including assisting with M&A, secondaries, and other liquidity options.
- Founder of Club 8848, a club of LPs supporting emerging managers across all strategies
- Law Society of England and Wales
CPE and LPC, Law, BPP Law School, 2000
B.A., Economics and International Studies, University of Warwick, 1998
England and Wales
By 2030, it is expected that UK Defined Contribution (DC) pension schemes will hold c. £1 trillion in assets. Until recently, UK DC pension schemes have traditionally limited their investment remit to listed equities and bonds (due to ease of management, lower fees and aligning with a more conservative investment strategy) and have not deployed capital into private markets. As a consequence, a vac [...]