Private Funds, Recordkeeping Requirements, Quarterly Report

Fifth Circuit Vacates SEC Private Fund Adviser Rules

Morrison & Foerster LLP on 6/13/2024

On June 5, 2024, a three-judge panel of the U.S. Court of Appeals for the Fifth Circuit (the “Fifth Circuit”) unanimously vacated the “Private Fund Adviser Rules,” which the U.S. Securities and Exchange Commission (the SEC)...more

The SEC’s Private Fund Adviser Rules Explained — Part 4: The Quarterly Statement Rule

Lowenstein Sandler LLP on 12/7/2023

As we have discussed in earlier Client Alerts, on August 23, 2023, the U.S. Securities and Exchange Commission (SEC) adopted new and amended rules under the Investment Advisers Act of 1940, as amended (the Advisers Act), to...more

The SEC’s Private Fund Adviser Rules: Exploring The Critical Questions

Dechert LLP on 10/13/2023

The Securities and Exchange Commission adopted new and amended rules under the Investment Advisers Act of 1940 (“Final Rules”) in August 2023 that will impose a broad set of new reporting, disclosure and other obligations on...more

SEC Adopts Final Private Fund Adviser Rules

Cozen O'Connor on 8/30/2023

On August 23, 2023, the Securities and Exchange Commission (SEC) voted three to two (Commissioners Peirce and Uyeda dissenting) to adopt new and amended rules (Final Rules) under the Investment Advisers Act of 1940 (Advisers...more

SEC Enacts Wide-Sweeping Private Funds Rules

Lowenstein Sandler LLP on 8/30/2023

On August 23, 2023, the U.S. Securities and Exchange Commission (SEC) announced the enactment of a series of new and amended rules under the Investment Advisers Act of 1940, as amended (the Advisers Act). We refer to these...more

SEC Proposes New Rules and Amendments Applicable to Private Fund Advisers

Morrison & Foerster LLP on 2/15/2022

On February 9, 2022, the U.S. Securities and Exchange Commission (the “SEC”) proposed new rules and amendments under the Investment Advisers Act of 1940 (the “Advisers Act”) to augment the regulation of private fund advisers....more