The attorney is in, and he’s saying: If it’s not in the PPM … it’s a problem.

This open-format session of the Fund Forum puts seasoned fund attorney Kevin Kim, Partner at Fortra Law, in the hot seat to answer real-world questions from managers operating private real estate debt funds.

Topics may range from disclosure language and marketing risk to side letters, conflicts, fee structures, and investor communications. The focus is practical — where managers unintentionally drift from their documents, how regulators view common practices, and which “everyone does it” habits create legal exposure.

Expect plain-English explanations and examples drawn from actual fund situations, not law school theory.

Key Takeaways:

• Legal gray areas fund managers frequently operate in
• Disclosure and communication practices that reduce risk
• Where fund documents and real-world operations diverge
• Questions managers should ask counsel before issues arise

Your subject matter experts:

• Scott Ward, AAPL Education Committee
• Kevin Kim, Esq. and Partner, Fortra Law