Kramer Levin Naftalis & Frankel recently announced that fund formation lawyers Darina F. Delappe and Caroline A. Levin have joined the firm as senior counsel and associate, respectively, in its corporate department.  Delappe focuses her practice on fund formation, particularly ongoing management and restructuring of international and domestic private investment funds, including hedge funds, private equity funds, venture capital funds, funds of funds and hybrid funds.  Levin focuses her practice on financial services matters, representing private investment fund clients in the formation and ongoing management of private investment funds.  For insight from Kramer Levin, see “‘Interval Alts’ Combine Benefits of Alternative Mutual Funds and Traditional Hedge Funds,” Hedge Fund Law Report, Vol. 8, No. 28 (Jul. 16, 2015); and “Risks Faced by Hedge Fund Managers That Access the Alternative Mutual Fund Market Via Turnkey Platforms,” Hedge Fund Law Report, Vol. 7, No. 10 (Mar. 13, 2014).