Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
Obama Administration Proposes Registration of All Private Fund Advisers
July 22, 2009 Full PDF
On July 15, 2009, the U.S. Department of the Treasury, on behalf of President Obama's Administration, proposed the "Private Fund Investment Advisers Registration Act of 2009," which would require investment advisers to "private funds" (including hedge funds and private equity funds) with more than $30 million of assets under management to register with the U.S. Securities and Exchange Commission. Once registered, the adviser would be subject to more onerous reporting requirements than is currently the case for investment advisers registered under the U.S. Investment Advisers Act of 1940.