On March 12, 2025, the U.S. Securities and Exchange Commission’s (SEC) Division of Corporation Finance issued a no-action letter in response to a request seeking interpretative guidance on verifying accredited investor status...more
Part of a series on structuring the team and legal infrastructure of a new private equity/VC fund (remaining issues to be released in the coming weeks): Writing the Constitution for Your New Private Equity or VC Fund:...more
The Fifth Circuit Court of Appeals has vacated a Securities and Exchange Commission rule that represented one of the most significant changes to regulating private funds and private fund advisers since 2010....more
The Securities and Exchange Commission (SEC) has adopted the most significant changes to regulating private funds and private fund advisors since 2010.
The changes expand the scope of disclosure, reporting and other...more
VC Fund has an Account with SVB See the FDIC's FAQ and Orrick's SVB Resource Center generally for issues relating to the SVB receivership and related matters. As long as a VC Fund does not have loans outstanding under a...more
In a joint statement, the Department of the Treasury, the Federal Reserve and the FDIC announced that...more
In this short piece, Todd Schneider, partner at debt arranging firm Spinta Capital, and Dolph Hellman, partner at law firm Orrick, Herrington & Sutcliffe LLP, revisit the 2008 financial crisis and discuss key points to...more