Private Funds

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'

"We agree that a high minimum investment amount is a relevant factor in verifying accredited investor status"

'It is definitely a ‘show me, don’t tell me’ situation,' Vinson & Elkins' Hill Wellford says

"As chief compliance officer, [he] had 'overall responsibility for monitoring and testing compliance with the Firm’s policies and procedures'”

Hawkins falsely represented that tens of thousands of dollars of expenses paid for by the Portfolio Companies relating to her personal vacations were legitimate business ...

After legal whipsaw, regulators hit the 'refresh' button

"I am pleased that the Committee continues to discuss ways to support and facilitate capital formation for emerging fund managers"

"Qualifying as an accredited investor can serve as a gateway for individuals to invest in private companies"

'Don’t let the uncertainty at the agency and across the federal government take your eyes off the ball,' Patterson Belknap's Greg Baker says