"[S]teps that investment funds may wish to consider ... [1] Using a separate acquisition vehicle ... to make any joint acquisitions, as well as using a special purpose entity to serve as the general partner or managing member of such acquisition vehicle, rather than the fund's general partner. [2] Specifically including language regarding the intent not to form a partnership into the documentation forming the investment vehicle. [3] Dividing the investment between two or more independently managed funds with distinct portfolios and investors in order to support a finding that funds are separate and have not joined to form [a] partnership. " [Sun Capital Partners III, LP v. New England Teamsters & Trucking Industry Pension Fund, Nos. 16-1376, 19-1002 (1st Cir. Nov. 22, 2019)]  MORE >>