Recognized as one of the premier practices in the industry, the Investment Funds Group leverages its extensive market knowledge and deep, long-term relationships to help sophisticated clients reach their most important investment goals. We have been at the forefront of some of the industry’s most creative and innovative investment product developments, helping clients set market trends instead of reacting to them.
SEC Adopts Series of Rules Affecting Private Fund Advisers
August 25, 2023 Download PDF
The SEC recently voted to adopt a series of sweeping new rules and rule amendments applicable to private fund advisers. The rules cover fee and expense allocations to private funds; general partner clawbacks; borrowing from a private fund; preferential treatment; adviser-led secondaries; annual audits; and quarterly reporting on fees, expenses and performance.