Summary and Early Analysis of New SEC Private Fund Rules

Regulation of Private Fund Advisers - Bloomberg Law

An overview of the new, amended and existing elements of the regulatory framework applicable to private fund advisers under the Investment Advisers Act of ...

Understanding the SEC Rule for Private Equity - Ultimus

Regulatory change is here for Private Fund Advisers. As of August 23, 2023, the SEC implemented new regulations and updates known as the ...

SEC Adopts New Rules Requiring Investment Advisers to Private ...

Currently there are no specific requirements for the information that private fund advisers must disclose to private fund investors about the funds' investments ...

Private Fund Advisers Litigation: The SEC Responds - LSTA

The litigation is based on the belief that the SEC exceeded its statutory authority and acted arbitrarily and capriciously in adopting the PFA Rule.

SEC Adopts New Rules for Private Fund Advisers

The SEC has adopted new rules under the Investment Advisers Act of 1940 that aim to protect private fund investors by increasing visibility into ...

Twenty–Three Potential Compliance Pitfalls in the SEC's New ... - Kroll

There is a high likelihood that the adoption of the new private fund rules will lead to increased compliance requirements for private funds and ...

U.S. Fifth Circuit Court of Appeals Vacates Private Funds Rules

While the private funds industry is understandably relieved that the prescriptive Rule has been vacated, private fund advisers should continue ...

What You Need to Know About the SEC's New Private Fund Rules

On August 23, 2023, the Securities and Exchange Commission (“SEC”) voted to adopt amendments to Private Fund Manager Rules, which is the ...

SEC finalises Private Fund Adviser Rules - Travers Smith

Under the New Rules, the SEC has omitted some of its Original Proposals and softened certain others from straightforward prohibitions to ...

Facing the SEC's New Rules for Venture Capital and Other Private ...

Preferential treatment granted to select investors · Restricted activities of private fund advisers · Quarterly reporting of fees and expenses, ...

SEC Enhances Regulation of Private Fund Advisers - Deloitte

Overview. On August 23, 2023, the Securities and Exchange. Commission (SEC) adopted significant new rules for private fund advisers.1 The SEC finalized the ...

Fund Rules Dampened, Not Defanged: SEC's final private fund rules ...

On August 23, 2023, the U.S. Securities and Exchange Commission (“SEC”) adopted new rules under the Investment Advisers Act of 1940 (the ...

SEC Adopts Significant Rule Changes for Private Fund Advisers

The new annual audit rule requires registered investment advisers to provide annual audited financial statements to fund investors within 120 ...

SEC Adopts Rules to Enhance Private Fund Disclosures and Limit ...

For an illiquid fund (e.g., a closed-end fund), as soon as reasonably practicable following the end of the private fund's fundraising period, ...

SEC Proposes New Rules for Private Fund Managers

Preferential Treatment Rule. The Proposed Rules would prohibit all Private Fund Advisers (including advisers not registered with the SEC) from ...

SEC Adopts Significant New Rules for Private Fund Advisers

Illiquid Fund. For illiquid funds, investment advisers must provide, as soon as reasonably practicable following the end of the private fund's ...

Private Funds Industry Sues SEC over New Private Fund Adviser Rule

Investors have worked with the private fund advisers to develop mutually beneficial contractual terms for many years. The new rules will harm ...

SEC Adopts New Requirements for Private Fund Advisers - Weaver

The SEC adopted a final rule under the Investment Advisers Act of 1940 that will greatly increase the accounting and audit requirements for private fund ...

SEC Proposes New Rules to Encourage Private Fund Transparency ...

Whereas all of the Proposed Rules would apply to registered investment advisers to private funds (“registered private fund advisers”), only ...

The SEC's New Rules for Private Fund Advisers - Lewis Rice

The rules will impact private fund advisers differently depending on their SEC-registration status and the type and the location of the funds they advise.