Shartsis Friese LLP

Investment Funds & Advisers

Partner

Considered one of the preeminent attorneys representing investment advisers in the country, Jim Frolik provides practical, results-oriented advice on all aspects of fund formation, compliance, business operations and portfolio management.

Joining the firm in 2000 straight out of law school, Jim became a partner in the firm’s Investment Funds and Advisers Group in 2007. He works closely with the other attorneys in the nationally recognized practice to represent investment advisers, including advisers to hedge funds, real estate/VC/private equity funds, other private investment funds, and separately managed accounts.  The group is based in the firm’s San Francisco office and most of the team has worked together for decades.  This cohesiveness helps the group deliver services to clients efficiently and with minimal turnover.

Jim counsels clients on a wide variety of issues including:

Structuring domestic and offshore investment funds (including hedge funds, real estate/VC/private equity funds, marketplace lending funds, crossover public/private funds and special opportunity funds); Organizing investment management firms, including preparing and negotiating operating agreements among the owners of those companies; Counseling investment advisers on federal and state regulatory issues (including SEC, CFTC, and state registration and ERISA) and advising them on all aspects of their ongoing operations; Preparing and negotiating employment and severance agreements for a firm’s executive officers, portfolio managers, analysts, traders and other employees; Preparing and negotiating investment management agreements for separately managed accounts; Preparing compliance manuals; Negotiating fund administration agreements

Spanish, semi-fluent; Czech, semi-fluent

Jim is on the Board of Directors of the Excellence in Investing for Children’s Causes Foundation (EICCF), the West Coast affiliate of the Sohn Conference Foundation.  Through its annual SohnSF investment conference, EICCF raises funds to support nonprofit organizations that improve education opportunities and life outcomes for underserved youth in the SF Bay Area and increases awareness in the financial community of the many nonprofits doing this important work in the Bay Area.

University of California – Berkeley, School of Law; J.D., 2000, Order of the Coif, 2000, Kragen Memorial Scholarship in 1997-99 | University of California at Berkeley; B.A.. political science, with high honors, 1997, Tennis team member