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Sara Lazarevic

Associate
New York
T: +1 212.419.6081 F: +1 973.597.2400 slazarevic@lowenstein.com
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Sara Lazarevic advises private fund sponsors and investment managers on the formation, structuring, and ongoing governance of private investment funds across a range of strategies, including private equity, hedge, venture capital, real estate, and credit. Her experience spans the fund lifecycle, from initial structuring and formation through investor closings, amendments, restructurings, and other ongoing transactional matters. She also represents sponsors and institutional investors in connection with investor negotiations and secondary transactions involving private fund interests.

Sara advises on U.S.-based and offshore fund structures, including master-feeder and parallel funds, special purpose vehicles, and other bespoke investment arrangements. She regularly drafts and negotiates private placement memoranda, limited partnership and limited liability company agreements, subscription documents, side letters, and other fund-related agreements.

Her investor-side practice includes representing institutional investors in side letter and other fund investment negotiations. Sara also advises on purchases, sales, and transfers of private fund interests and related secondary transactions.

Sara draws on her accounting and tax background when advising on fund structuring, economics, and related transactional matters. She is a Certified Public Accountant and holds an LL.M. in Taxation from New York University School of Law. Before practicing law, she was an executive at an international accounting and finance consulting firm in Calgary, Canada, and an auditor at a Big Four accounting firm.

Sara is fluent in Serbo-Croatian.

  • Represented a private fund sponsor in the formation and launch of a U.S.-based and offshore master-feeder hedge fund, including structuring, preparation, and negotiation of offering, governance, and subscription documents and coordination with offshore counsel and other specialists
  • Advised an emerging manager on the formation and launch of a venture capital fund and related sponsor entities, including the general partner and management company, fund governance, investor documentation, and offshore feeder structuring
  • Advised an investment manager on the conversion of existing private funds from Section 3(c)(1) to Section 3(c)(7) under the Investment Company Act, including investor communications and related amendments to fund documentation
  • Represented institutional investors in side letter and subscription negotiations involving investment restrictions, reporting and confidentiality rights, transfer provisions, and other bespoke investor terms
  • Advised purchasers in secondary transactions involving private fund interests, including negotiation of purchase and sale and transfer documentation, tax certifications, and fund-level consent requirements
  • Advised private fund sponsors on amendments, restructurings, and other post-formation matters, including the creation and modification of investor classes and changes to fund governance and terms
  • Advised sponsors on the formation of special purpose and single-investment vehicles, including related governance, economics, and investor documentation

Education

  • New York University School of Law (LL.M. 2025)

    University of Miami School of Law (J.D. 2023), magna cum laude; Order of the Coif; Lilian R. Levy Award; Inter-American Law Review, executive editor

    Stetson University (B.B.A. 2013), magna cum laude

Affiliations

  • Certified Public Accountant, Florida Board of Accountancy (2017)
  • American Institute of Certified Public Accountants

Admissions

  • New Jersey
  • Florida

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