News & Analysis as of

Fund Managers

Bryan Cave Leighton Paisner

Autumn Funds First Update

Welcome to our Funds First Update: a snapshot of some of the main developments and upcoming changes that we think will be of interest to fund managers, fund investors and to the funds sector as a whole. Despite the...more

Weil, Gotshal & Manges LLP

SEC Charges Private Fund Sponsor with Failure to Update Schedule 13D in Timely Manner

The SEC recently settled an enforcement action against a private fund manager (the Sponsor) wherein the Sponsor was charged with violations of Section 13(d)(2) of the Securities Exchange Act of 1934 (Exchange Act) and Rule...more

Dechert LLP

Updated ILPA Model LPAs Continue to Miss the Mark(et)

Dechert LLP on

The Institutional Limited Partners Association (“ILPA”) has recently released an update to its model limited partnership agreement (the “Model LPA”) for private equity funds and other closed-ended funds. One of the stated...more

Hardin Compliance Consulting LLC

The Devil is in the Details Part 8: Blue Sky Filings – Picking Your State

When making a private fund offering, many private fund managers know they have to file a Form D with the SEC to avoid registering their securities under Regulation D. However, state-specific blue-sky filing requirements also...more

Hardin Compliance Consulting LLC

Filing Deadlines and To-Do List for September 2020

HEDGE/PRIVATE FUND MANAGERS - Blue Sky Filings (Form D): Advisers to private funds should review fund blue sky filings and determine whether any amended or new filings are necessary.  Generally, most states require a...more

Dechert LLP

UK Life Sciences and Healthcare Newsletter - September 2020: Life Sciences Investing Has Had A Good Bull Run - Will Covid-19 Upset...

Dechert LLP on

Sponsors of life sciences funds have, over the past 5 years, enjoyed a steady but significant run of positive fund raising. Similarly, capital deployed into life sciences companies has increased steadily over this period,...more

Hardin Compliance Consulting LLC

Lessons Learned from SEC & FINRA Cases and Worth Reading for September 2020

Lessons Learned - Another Private Equity Firm Nailed for Overhead Expense Allocation Issues. Rialto Capital Management, a private equity firm to real estate private funds and related co-investment vehicles, employed an...more

Hogan Lovells

Funds and asset management regulatory news, September 2020 # 2

Hogan Lovells on

COVID-19: phased ending of FCA temporary relief extending deadlines for publishing fund reports and accounts - On 9 September 2020, the UK Financial Conduct Authority (FCA) updated its COVID-19-related webpage on...more

Skadden, Arps, Slate, Meagher & Flom LLP

Private Fund Managers Should Prepare for New ESG-Related Regulatory Obligations

The list of events for which 2020 will be remembered continues to grow and we are only two thirds of the way through the year. Environmental, social and governance (ESG) issues have come into focus in the financial community,...more

Shearman & Sterling LLP

Confirmation Announced of Revisions to EU Guidelines on Stress Testing of Money Market Funds

The European Securities and Markets Authority has published a statement confirming that the 2019 Guidelines on stress test scenarios under the Money Market Funds Regulation will be updated by the end of 2020 to reflect...more

Cooley LLP

Blog: Recent Trends in Co-Investment: Presentment Obligations, SPVs and “Top Up” Funds

Cooley LLP on

The term co-investment is a pretty broad one. I consider it to include any situations in which LPs take additional stakes in portfolio companies that they are already indirectly invested in through their investments in...more

Goodwin

Luxembourg Funds – Options for Non-EU Managers

Goodwin on

Many managers identify and assess the key legal and commercial costs and benefits of AIFMD passports as well as the short- and long-term regulatory and operational implications of the management of the fund by an EU-based...more

Cooley LLP

Blog: Should I Use a Placement Agent?

Cooley LLP on

The issue of whether to use a placement agent is one that we are asked to advise on quite frequently. It’s a good question, for sure. In our experience the answer varies from situation to situation, and may not be straight...more

Cooley LLP

Blog: A Primer on “Freedom of Information Act” (FOIA) Issues for VC Fund Managers

Cooley LLP on

In the United States, at both the federal and state level, investors that are public agencies (such as state and local government employee pension funds, public university endowments, etc.) are usually subject to rights of...more

Cooley LLP

Blog: Most US and Asia Based VC Managers Are Outside the Scope of GDPR and Need Not Comply With It

Cooley LLP on

We have been getting a lot of questions lately about whether and how GDPR may apply to US and Asia based managers of venture capital funds. This is a rapidly evolving area, however, there is a sound legal view to the effect...more

Gerald Nowotny

THE WAY WE WERE

Gerald Nowotny on

Using the Loan Method of Split Dollar to recreate the benefit of tax deferral for Hedge Fund Managers in lieu of carried interest in their offshore fund.#splitdollar #ppli #estateplanning #financialadvisors #finance...more

Alston & Bird

SEC Updates the Definitions of “Accredited Investor” and “Qualified Institutional Buyer”

Alston & Bird on

Even in the financial market, words have meaning. Our Investment Management Team delves into how the Securities and Exchange Commission has expanded access to private markets – and the pool of potential investors – just by...more

Cooley LLP

Blog - CFIUS Reform: Implications of FIRRMA for Fund Managers

Cooley LLP on

After long debate concerning the need to reform the Committee on Foreign Investment in the United States (“CFIUS”) to address evolving national security threats and emerging technologies, the Foreign Investment Risk Review...more

Cooley LLP

Blog: How Do You Handle Structured Secondary Sales Run By Agents?

Cooley LLP on

Most clients we work with have gotten the letter from time to time: “Hi, our firm is acting as agent for Institution X, one of your limited partners, who are selling a portfolio of interests in venture capital funds.” The...more

Cooley LLP

Blog - Primer: LP Governance Rights in Venture Capital Funds

Cooley LLP on

Venture capital funds are closed-ended, long duration blind pools. In the many years following closing, the fund manager is permitted to operate and invest the fund in its discretion as long as it stays within some limited...more

Gerald Nowotny

THE WAY WE WERE

Gerald Nowotny on

Nowotny On Death and Taxes, episode #20, The Way We Were is about using the Loan Method of Split Dollar to recreate the benefit of tax deferral for hedge fund managers. #splitdollar #ppli #hedgefundmanagers #estateplanning...more

Cooley LLP

Blog - Primer: Carried Interest in Venture Capital Funds

Cooley LLP on

We are often asked about the prevalent market options for structuring carried interest provisions in venture capital funds. In this post, we’ll speak of mainstream venture capital funds, so to speak. Terms differ in special...more

Proskauer - The Capital Commitment

UK’s Financial Conduct Authority Warns That Fund Managers Are at Increased Risk of Cyber Attacks

With 46% of UK business reporting a cyber attack during 2019/2020 and 32% reporting at least one a week – see the UK Government’s Cyber Security Breaches Survey 2020 – the UK’s Financial Conduct Authority (“FCA”) has issued a...more

Proskauer Rose LLP

The Arrival of Hong Kong’s Limited Partnership Fund Regime

Proskauer Rose LLP on

Hong Kong’s private funds industry is on the verge of benefitting from further significant changes in local laws designed to make Hong Kong more attractive as a centre for private funds and their managers. On 31 August 2020,...more

Proskauer - The Capital Commitment

ESG-Focused Fund Strategies Face SEC Scrutiny on Disclosures and Internal Procedures

As investors drive demand for investment products focused on environmental, social and governance (ESG) factors, fund managers have increasingly offered ESG-focused or “sustainable investing” funds. However, a recent speech...more

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JD Supra Privacy Policy

Updated: May 25, 2018:

JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.

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Information for EU and Swiss Residents

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Privacy Officer
JD Supra, LLC
10 Liberty Ship Way, Suite 300
Sausalito, California 94965

You can also manage your profile and subscriptions through our Privacy Center under the "My Account" dashboard.

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California Privacy Rights

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You can make a request for this information by emailing us at privacy@jdsupra.com or by writing to us at:

Privacy Officer
JD Supra, LLC
10 Liberty Ship Way, Suite 300
Sausalito, California 94965

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Changes in Our Privacy Policy

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Contacting JD Supra

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We use cookies and other tracking technologies to:

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Updates to This Policy

We may update this cookie policy and our Privacy Policy from time-to-time, particularly as technology changes. You can always check this page for the latest version. We may also notify you of changes to our privacy policy by email.

Contacting JD Supra

If you have any questions about how we use cookies and other tracking technologies, please contact us at: privacy@jdsupra.com.

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