Kyle Bryant

Private investment funds attorney with TIL Partners. Former ex-lawyer. Helping build *the* go-to firm for funds/SPVs in the U.S.

[Kyle Bryant @TKyle]

@bethanyjbabcock Big Baby™️ out to get you!

[Kyle Bryant @TKyle]

@bethanyjbabcock Woah, huge news! Congratulations!

[Kyle Bryant @TKyle]

@Scot1andT @SMB_Attorney Fair point!

[Kyle Bryant @TKyle]

Most of them are templatized. But the caselaw supporting specific conclusions based on the facts of the case are different much of the time. You're always looking for a case with closely analogous facts to support your conclusion. It's usually "I need a case that says XYZ" and good luck.

[Kyle Bryant @TKyle]

@Eli_Albrecht @investing_law

[Kyle Bryant @TKyle]

How are the flat-earthers coping these days? Hope they're ok...

[Dailyscienceinfo @NatureScienceA1]

NASA posted an ARTEMIS II crew photograph that I think is one of the best I have seen. This is the continent of Antarctica.
The area around the continent is clear. This is the Southern Ocean that circles Antarctica. The cold air and water tend to rob the moisture in the air. No clouds.
In the middle left of the photo is the Antarctica Peninsula.
To the left of the peninsula is Tierra del Fuego. Continuing up the upper left of the photo is the Atlantic coast of South America.
The land mass in the lower right is probably New Zealand.

[Kyle Bryant @TKyle]

The threshold for being a Qualified Client (the "forgotten" wealth standard) is going UP.

QC status is sometimes a big bummer for GPs finding out that states have their own investment advisers rules.

If your fund/SPV is limited to Qualified Clients, this affects your investor base!

[Kyle Bryant @TKyle]

Another all-American Saturday winding down...I am wiped (in a good way).

Saturdays are my favorite because I get an equal mix of everything I love: work, exercise, quality time with the kids, quality time with my wife. By the end of the day I am spent, but it's spent for others, and that makes me happy.

[Kyle Bryant @TKyle]

Bro this is why people pay $1M for teardowns in Franklin.

[Sahil Bloom @SahilBloom]

I ran 12 miles through the backroads of Franklin, Tennessee early this morning. I think this may be on my list of best places to live. Beautiful scenery. Peaceful, open spaces. Quiet, but near a fun, lively city. Proximity to a major airport. Nice weather but still some seasons.

[Kyle Bryant @TKyle]

@rohde88 Lol this child is being set up for problems down the road...

[Kyle Bryant @TKyle]

@KHendersonCo @paulswaney3 This is the right answer. Rational basis review if not based on a protected class.

[Kyle Bryant @TKyle]

One fund to build them
One fund to buy them
One fund to roll them up
And into DSTs bind them

[Kyle Bryant @TKyle]

@SMB_Attorney I didn't see a private funds partnership agreement prompt. I guess we're safe!

[Kyle Bryant @TKyle]

Marc is a stud. Excited to have him join the squad!

Our goal as a firm is to have an exponential relationship between headcount and output capacity. This is a move in that direction.

[TIL Partners @Tillawfirm]

🌟 Team Member Spotlight

🧑‍⚖️ Marc Pietropaoli, Jr.
💼 Investment Funds Associate at TIL Partners
📍 Boston

We are excited to welcome Marc Pietropaoli to TIL Partners as we continue to grow our Investment Funds group! Joining as an Associate, Marc brings BigLaw experience in private fund formation, structuring, and regulatory matters, with a practical, business-oriented mindset.

Marc joins TIL from Sidley Austin, where he represented institutional and emerging investment advisers, fund sponsors, and other asset managers across a wide range of formation, transactional, and regulatory matters. At TIL, Marc will play a key role in expanding our investment funds platform, with a focus on fund and SPV formation and advising clients on their ongoing regulatory and compliance obligations.

Prior Experience:
⚖️ Sidley Austin LLP

Education:
🎓 Syracuse University College of Law (summa cum laude; Order of the Coif)
📘 Boston College

In his role, Marc is focused on delivering thoughtful, pragmatic guidance to sponsors operating in an increasingly complex investment and regulatory environment.

[Kyle Bryant @TKyle]

A real modern-day "Shibboleth."

[Kyle Bryant @TKyle]

Biggest tell that someone is using AI-generated language? They copy + paste from AI into a Times New Roman font--and you get a bunch of "tick marks" instead of apostrophes. That, and the hallucinations.

[Kyle Bryant @TKyle]

@investing_law Actually, I have my other old work laptop I could run this on...thank you for the suggestion. 😀

[Kyle Bryant @TKyle]

@gabe_foran @TheKateBernal @MarshaBlackburn @boringcompany @elonmusk @grok So, the Boring Company should redesign the highways? How does voting against the tunnel, which is funded by private money, fix a public infrastructure problem? It's not like the project diverts public funds that would otherwise be used for infrastructure.

[TIL Partners @Tillawfirm]

Can investors withdraw from a fund whenever? Well, no.

And the rules on withdrawals depend on whether the fund is closed or open-ended

Check out our Fundamentals series on Investment Fund Key Terms. This slideshow is based on Part 12, "LP Withdrawals".

Link in the comments 👇