News & Analysis as of

Hedge Funds

Husch Blackwell LLP

California Enhances Regulation of Private Equity Investments in Healthcare

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California Governor Gavin Newsom has signed a pair of highly anticipated bills that will affect healthcare transactions involving private equity groups and hedge funds, effective January 1, 2026. The new legislation will...more

Arnall Golden Gregory LLP

Governor Newsom Signs Into Law Two Healthcare Bills Aimed at Private Equity, Hedge Funds, And MSOs

Earlier this month, California Governor Gavin Newsom signed into law Assembly Bill 1415 (“AB 1415”) and Senate Bill 351 (“SB 351”) — which seek to strengthen the state’s oversight and control over private equity groups, hedge...more

Morgan Lewis - Health Law Scan

Double Dose of Regulation: The Impact of SB 351 and AB 1415 on California Healthcare Transactions

California Governor Gavin Newsom recently signed two new bills into law that formalize restrictions on medical and dental practice management platforms operated by private equity groups and hedge funds and increase the...more

Conyers

BVI Incubator and Approved Funds

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British Virgin Islands (“BVI”) Incubator Funds and Approved Funds provide innovative and low-cost vehicles for emerging managers and start-up funds to build a track record and launch funds under less stringent regulatory...more

Davis Wright Tremaine LLP

California Enacts New Laws to Strengthen Oversight of Private Equity and Hedge Fund Involvement in Healthcare

California lawmakers recently enacted two significant pieces of legislation, Assembly Bill 1415 (AB 1415) and Senate Bill 351 (SB 351), that will enhance the state's oversight of private equity and hedge fund participation in...more

King & Spalding

California Codifies Prohibitions Against Corporate Practice of Medicine by Hedge Funds and Private Equity

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On October 6, 2025, California Governor Gavin Newsom signed into law SB 351, which codified California’s existing prohibitions on corporate practice of medicine (CPOM) and dentistry. The new law also prohibits certain...more

Epstein Becker & Green

California Governor Signs AB 1415 Compromise Legislation Regulating Private Equity and Hedge Fund Activity

Epstein Becker & Green on

On October 11, California Governor Gavin Newsom signed AB 1415, which regulates private equity and hedge fund activity by expanding the Office of Health Care Affordability’s (OHCA) jurisdiction and notice requirements....more

Polsinelli

Governor Newsom Embraces Tighter Requirements on Private Equity and Hedge Fund Investments in California Health Care By Signing AB...

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This month, Governor Newsom signed AB 1415 and SB 351 into law, two bills that will enhance the requirements on investments by private equity groups and hedge funds in California health care. As detailed below, AB 1415 will...more

McDermott Will & Schulte

AB 1415 expands OHCA’s authority over PE, hedge fund investments

McDermott Will & Schulte on

Days after signing Senate Bill (SB) 351, California Governor Gavin Newsom signed Assembly Bill (AB) 1415 into law on October 12, 2025, amending the California Office of Health Care Affordability (OHCA) implementing statute to...more

Alston & Bird

Expanded California Law Targets Private Equity Deals in Health Care Sector

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Beginning January 1, 2026, an amendment to California’s material change transaction law expands the authority of the Office of Health Care Affordability (OHCA) to review and approve health care transactions involving certain...more

Benesch

California Enacts SB 351: New Restrictions on Private Equity and Hedge Fund Involvement in Physician and Dental Practices

Benesch on

On October 6, 2025, after multiple rounds of amendments, California Governor Gavin Newsom signed into law Senate Bill 351 (SB 351), a significant measure that strengthens restrictions on the corporate practice of medicine...more

Foley & Lardner LLP

California SB 351 Signed: Limits on Private Equity Management of Medical Practices

Foley & Lardner LLP on

On Monday, October 6, 2025, California Governor Gavin Newsom signed SB 351, which serves to codify and reinforce California’s already strict rules for health care investment, specifically related to the corporate practice of...more

Goodwin

California Governor Signs Bill Codifying Existing Corporate Practice Restrictions and Imposing Certain New Limitations on...

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California Governor Gavin Newsom signed Senate Bill (SB) 351 into law on October 6, 2025, codifying certain elements of the state’s restrictions on the corporate practice of medicine (CPOM) and corporate practice of dentistry...more

McDermott Will & Schulte

Newsom signs SB 351, codifying existing California CPOM guidance

McDermott Will & Schulte on

On October 6, 2025, California Governor Gavin Newsom signed Senate Bill (SB) 351 into law, codifying California’s existing prohibitions on the corporate practice of medicine (CPOM) and dentistry. SB 351’s prohibitions apply...more

Weintraub Tobin

California’s SB 351 Becomes Law: Corporate Practice of Medicine Rules Codified with Swipe at Private Equity in Healthcare

Weintraub Tobin on

On October 6, 2025 California Governor Gavin Newsom signed into law Senate Bill 351, which prohibits private equity groups and hedge funds from interfering with the professional judgement of physicians or dentists in making...more

BCLP

Preferential Treatment of Private Fund Investors: Common SEC Enforcement Patterns

BCLP on

Following the Fifth Circuit's 2024 vacatur of the SEC’s Private Fund Rules, registered investment advisers must again rely on enforcement precedent to understand prohibited preferential treatment practices. ...more

Arnall Golden Gregory LLP

California Legislature Passes Two Healthcare Bills Aimed at Private Equity, Hedge Funds, and MSOs

Earlier this month, the California Legislature passed two bills — Assembly Bill 1415 (“AB 1415”) and Senate Bill 351 (“SB 351”) — which seek to strengthen the state’s oversight and control over private equity groups, hedge...more

A&O Shearman

Second Circuit Affirms Dismissal of Putative Class Actions Premised on Alleged Insider Trading Activity Surrounding Hedge Fund’s...

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On September 16, 2025, the United States Court of Appeals for the Second Circuit affirmed the dismissal of seven coordinated putative class actions asserting insider trading claims under the Securities Exchange Act of 1934...more

Hughes Hubbard & Reed LLP

Private Credit and Secured Hedges — Drafting Issues to Avoid

This article addresses numerous drafting issues identified in New York-law governed direct lending transactions that have either caused borrowers to seek amendments or the presence of which have caused secured hedge providers...more

McDermott Will & Schulte

California State Legislature further amends AB 1415 and SB 351

Assembly Bill (AB) 1415 and Senate Bill (SB) 351 continue to evolve as they progress through the California State Legislature. On August 21, 2025, the California State Senate amended AB 1415 by revising the definition of...more

Polsinelli

California Legislature Advances Bills Impacting Private Equity and Management Services Organizations

Polsinelli on

Key Takeaways - The California legislature is advancing two bills that focus on the role of private equity groups, hedge funds and management services organizations in the state’s health care industry....more

WilmerHale

The Rise and Fall and Rise Again of VC “Mega-Rounds”

WilmerHale on

Over time, there have been huge shifts in the amount of financing required to start and scale businesses. Advances such as cloud computing and open-source software have enabled technology startups to commence and grow their...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Intel Wins: Ninth Circuit Puts the Brakes on Anti-Private Equity Lawsuit

After six long years of litigation, Intel’s 401(k) plan design just got a big legal endorsement. A three-judge panel from the Ninth Circuit dismissed a lawsuit filed by plan participants who claimed that including hedge funds...more

White & Case LLP

Convertible bond boom opens window of opportunity for issuers

White & Case LLP on

Convertible bond issuance surged through the first half of 2025, presenting issuers with a golden opportunity to raise capital on highly attractive terms - There has rarely been a better time for companies to raise capital...more

ASKramer Law

Tax-Loss Harvesting Part III: Investment Strategies

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Taxpayers invest to make money and hope to earn a decent return on their investments. Tax-loss harvesting can be used as part of a taxpayer’s overall investment strategy without affecting investment  returns, while offsetting...more

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