Interview With Gerhard Anderson Of Seward and Kissel LLP: Seed Transaction Deal Points

ValueWalk’s Raul Panganiban interviews Gary Anderson, a partner in the corporate finance group at Seward and Kissel LLP.

Q2 hedge fund letters, conference, scoops etc

Interview With Gerhard Anderson

Transcript

Good morning podcast listeners. Today’s very special episode with Gary Anderson. Gary is a partner in the corporate finance group at Seward and Kissel LLP. Gary represents public and private companies, private investment funds, investment management firms, financial institutions, business owners and managers in connection with a variety of business transactions, financings and general corporate matters. He also represented clients and cross border transactions. He received his BA from Lafayette College, and a JD from Case Western University School of Law. I want to welcome Gary to the show. And I want to welcome all our listeners to a very special episode.

Welcome to valuetalks with Raul.

So just wanted to welcome all our listeners to a very special episode. I have Gary Anderson partner at sword in Kissel. And we’re going to be discussing his see transaction deal points study. And Gary, welcome to the show.

Thank you. Oh, very nice to speak with you.

All right. Yeah, if we can just begin. Just tell me about your background first. And what led you to law?

Yeah, sure. So I had been at Seward and Kissel now, for nearly 12 years, I think it is, I started as a fairly Junior associate and had been there ever since right around the financial crisis is when I came over so auspicious time, but was able to learn a lot in a short period of time about how interesting things can get in the industry. I have been involved heavily with seed deals, I’d say, probably the past seven or so years have been the been my greatest involvement. I was originally trained as an enabler. And so when I got when I got to Seward in Kissel, we have a tremendous amount of hedge fund clients, many of whom ultimately are able to get seated, or at least are looking for seed capital. And so over the years, I did more and more of the deals, got interested in how to make, how to work with both the clients and the cedars at that time, we were representing mostly managers, to see if we can improve some aspects of the deals, to make them a little more manager friendly, historically, see deals had the had the feel of a bit of coercion in the sense that it was all the terms were really, for the benefit of the cedar, obviously, the manager got its value as well in the form of locked up capital. And that could be the difference of a successful business and one that was never really able to gain traction, but the, the, the seed capital, sort of effort, that that we were working on, for fruit and in terms of being able to maybe create some better alignment over the years that I think has gotten quite good to today. And that’s really probably a fair overview, at least of my experience in the in the seed deal world. I think at this point, I’ve probably done 150 plus over the last seven years. So I don’t know that my data set is as robust as any other one, but I certainly say it is representative of what’s out there. And I should also mention that over the years were originally we were representing almost exclusively cedars over time, that’s changed where now my practices, probably 5050 representing the theaters as well as the the underlying managers.