Private Funds

The lesson arising from a new SEC enforcement settlement against an investment adviser teaches that if money later comes to the firm via a lawsuit ...

'It’s a solid ground to stand on,' Sapling Financial's Kevin Zhao says

"Consideration should be given to whether additional ways to qualify as an accredited investor are appropriate"

"I would rather eliminate the distinction altogether, but what additional measures of sophistication would be appropriate to deem someone to be an accredited investor?"

This joint CFTC and the SEC final rule revising Form PF is effective as of April 11, 2025. It's designed to fix some errors with ...

"I worry that leaving the Accredited Investor definition in its outdated form provides a de facto – and significant – expansion in access to private ...

'On these two issues, the staff has come to save the day'

These are two new FAQs released by the SEC in 2025 dealing with extracted performance and portfolio characteristics

'It’s material, almost regardless of where you might physically sit,' ILPA's Jennifer Choi says

No-action letter a coup for Latham & Watkins, potential boon for private funds industry