Private Funds

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"I worry that leaving the Accredited Investor definition in its outdated form provides a de facto – and significant – expansion in access to private ...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

New rules and form changes apply to initial public offerings by SPACS. Beginning in June 2025, registrants must tag disclosure required under the final rules ...

It can pay to have checks and balances in place, but only if the check does the job thoroughly—especially if the monitor holds the title ...

Industry hopes two new guiidance documents will soothe 'pain points'