A legal blog on private funds, startups, and venture capital.
A legal blog on private funds, startups, and venture capital.
A bill called the Small Business Capital Access and Job Preservation Act recently cleared the Committee on Financial Services of the U.S. House of Representatives. The bill’s intent is to exempt certain private equity funds from Investment Adviser registration.
Previously, I discussed the impact that the proposed “bad actor” rule will have on angel financings and offerings of interests in private investment funds. By prohibiting the use of Rule 506 of Regulation D in connection with any offering that…
By now, most managers of hedge funds, private equity funds, and venture capital funds know that they will be required to either register with the SEC or file Form ADV as a notice filing. But there is an additional…
In recent rule-making, the SEC, at Congress’s behest, has proposed a rule that will increase due diligence requirements for Rule 506 offerings, which are the type of securities offering most frequently used by startups for their seed and angel rounds…
It is widely known that under the Dodd-Frank Act passed last year, private fund managers with assets under management of $150 million or more will be required to register as investment advisers with the SEC. It’s also widely known that…
