A legal blog on private funds, startups, and venture capital.
A legal blog on private funds, startups, and venture capital.
As most people involved in the investment management industry know, many private investment fund managers will soon be required to register as investment advisers with the SEC, unless they meet certain exemptions, such as the so-called “private fund adviser exemption,”…
One of the things that new entrepreneurs often find most shocking is the degree of restrictions that both the federal and state governments impose on their capital-raising activities. To them, it is simply unbelievable that the government would regulate who…
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…
