FUNDamentals — November 2025

Saba Ashraf, Lori Basilico, Genna Garver, Aresh Homayoun, Peter Jeydel, P. Thao Le, Thomas Phelan, Stephanie Pindyck Costantino, Heather Stone
Troutman Pepper Locke
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FUNDamentals is a periodic digest of news and information specifically for investment funds and investment advisors. In this issue, we highlight some industry trends, 401(k) access to alternative assets, fund liquidity trends (LPs acting as lenders, secondaries, and continuation funds), developments with "reverse CFIUS," crypto, digital assets and tokenization, and the delay or withdrawal of new AML and other rules affecting private funds.

Please see full publication below for more information.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

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