Recognized as one of the most active and highly regarded investment management practices in the United States, our group represents all types of asset managers across the liquidity spectrum, including private equity funds, credit funds, hedge funds, venture capital funds, real estate funds, hybrid funds and family offices. We have successfully raised hundreds of billions of dollars for our clients, who benefit from our extensive market knowledge, industry-leading networking events and strong relationships with all major market participants.
Marco Masotti to Participate in IBA’s Annual Conference on Globalization of Investment Funds
Corporate partner Marco Masotti will moderate a panel at the International Bar Association’s 30th Annual Conference on the Globalization of Investment Funds. Marco’s panel is titled “Hot Topics and Innovations in Private Funds.” The panelists consist of the heads of leading private funds practices at Cleary Gottlieb, Debevoise & Plimpton and Simpson Thacher. The event will take place from May 19-21 in New York City.
Events & Publications
PE Fundraising at a Glance (Q4 2020)
- Jan 12, 2021
- Publications
PE Fundraising at a Glance (Q4 2020)
PE Fundraising at a Glance looks at the latest quarterly trends on global and U.S.-based private equity fundraising. Private equity fundraising rebounded in Q4, up approximately 37% from the amount of capital raised globally in Q3.…
SEC Modernizes and Combines Investment Adviser Advertising and Cash Solicitation Rules
- Dec 28, 2020
- Publications
SEC Modernizes and Combines Investment Adviser Advertising and Cash Solicitation Rules
The SEC recently adopted amendments to the advertising and cash solicitation rules under the Investment Advisers Act, creating a merged rule intended to modernize the regulatory regime to reflect changes in the investment advisory…
China’s New Measures on Security Review of Foreign Investments
- Dec 28, 2020
- Publications
China’s New Measures on Security Review of Foreign Investments
The National Development and Reform Commission and the Ministry of Commerce of the People’s Republic of China recently issued the Measures on Security Review of Foreign Investments. The Measures expand the list of industries in which…
Private Funds Regulatory Compliance Calendar 2021
- Dec 17, 2020
- Publications
Private Funds Regulatory Compliance Calendar 2021
Attached is a link to the Paul, Weiss Private Funds Regulatory Compliance Calendar for 2021. The calendar covers certain (but not all) regulatory obligations of a typical U.S.-based private fund adviser. Please note that any words…
Paul, Weiss Announces Election of Seven New Partners
- Dec 14, 2020
- Firm News
Paul, Weiss Announces Election of Seven New Partners
Brian Bolin, Victoria Forrester, Jarrett Hoffman, Danielle Penhall, Cullen Sinclair, John Weber and Adam Wollstein have been elected to the partnership, effective Jan. 1, 2021.
Matthew Goldstein Quoted in Private Equity International on Competitive Fee Structures in the Private Equity Fund Marketplace
- Nov 25, 2020
- Publications
Matthew Goldstein Quoted in Private Equity International on Competitive Fee Structures in the Private Equity Fund Marketplace
Corporate partner Matthew Goldstein was quoted in a recent article in Private Equity International, “Flexible fee structures: Should you consider one?” The article discusses how some private equity firms are responding to changing…
Paul, Weiss Hosts Private Equity Fundraising Webinar
- Oct 27, 2020
- Events
Paul, Weiss Hosts Private Equity Fundraising Webinar
Paul, Weiss hosted a webinar, “Deep Dive: Private Equity Fundraising in 2020,” to an audience of more than 150 existing and prospective clients and industry participants.
PE Fundraising at a Glance (3Q 2020)
- Oct 12, 2020
- Publications
PE Fundraising at a Glance (3Q 2020)
PE Fundraising at a Glance looks at the latest quarterly trends on global and U.S.-based private equity fundraising. In the third quarter, private equity fundraising began to stabilize, although the outlook remains uncertain given the …
SEC Proposes Conditional “Finder” Exemptions to Broker-Dealer Registration Requirements
- Oct 09, 2020
- Publications
SEC Proposes Conditional “Finder” Exemptions to Broker-Dealer Registration Requirements
In an effort to assist small businesses with their capital raising needs, the SEC recently proposed an exemptive order which, if issued, would offer limited conditional exemptions from broker-dealer registration for individuals who…
Supreme Court Update: High Court Ends Attempt to Impose Company Pension Liabilities on Private Equity Funds
- Oct 09, 2020
- Publications
Supreme Court Update: High Court Ends Attempt to Impose Company Pension Liabilities on Private Equity Funds
The Supreme Court recently declined to hear New England Teamsters & Trucking v. Sun Capital Partners, et al., putting an end to years of litigation that have plagued the private equity industry.
Private Investment Funds and ESG: EU Regulatory Changes on the Horizon
- Oct 05, 2020
- Publications
Private Investment Funds and ESG: EU Regulatory Changes on the Horizon
As part of the European Union’s Action Plan for Financing Sustainable Growth, two regulations will require financial market participants, financial advisers and other regulated firms to make new sustainability-related disclosures.…
SEC Adopts Final Rules on Proxy Voting Advice and Related Guidance on Investment Adviser Voting Responsibilities
- Sep 22, 2020
- Publications
SEC Adopts Final Rules on Proxy Voting Advice and Related Guidance on Investment Adviser Voting Responsibilities
The SEC recently adopted amendments to its proxy solicitation rules that codify its view that proxy voting advice constitutes a solicitation under the proxy rules; clarify that a failure by proxy advisory firms to provide material…
IRS Issues Proposed Regulations Providing Guidance on Taxation of Carried Interest from Investment Partnerships under Section 1061
- Aug 04, 2020
- Publications
IRS Issues Proposed Regulations Providing Guidance on Taxation of Carried Interest from Investment Partnerships under Section 1061
The IRS and the Treasury Department recently released proposed regulations on the scope and applicability of Section 1061 of the Internal Revenue Code.
SEC Adopts Final Rules on Proxy Voting Advice and Related Guidance on Investment Adviser Voting Responsibilities
- Jul 22, 2020
- Publications
SEC Adopts Final Rules on Proxy Voting Advice and Related Guidance on Investment Adviser Voting Responsibilities
Among others, the SEC now requires that proxy advisory firms wishing to rely on certain proxy solicitation rule exemptions must establish reasonable policies and procedures to give all companies access to their voting advice before or …
PE Fundraising at a Glance (2Q 2020)
- Jul 14, 2020
- Publications
PE Fundraising at a Glance (2Q 2020)
In our inaugural PE Fundraising at a Glance, we look at the latest quarterly trends on global and U.S.-based private equity fundraising. During the second quarter of 2020, the fundraising market was markedly impacted by the COVID-19…
Kentucky Supreme Court Dismisses $50 Billion Derivative Action Against Hedge Fund Managers for Lack of Standing
- Jul 14, 2020
- Publications
Kentucky Supreme Court Dismisses $50 Billion Derivative Action Against Hedge Fund Managers for Lack of Standing
Paul, Weiss obtains dismissal of $50 billion derivative action brought by beneficiaries of the Kentucky Retirement System against hedge fund managers and others. In a unanimous ruling, the Kentucky Supreme Court held that plaintiffs…
Corporate Partner Udi Grofman Speaks at Maples Investment Funds Forum
- Feb 13, 2020
- Events
Corporate Partner Udi Grofman Speaks at Maples Investment Funds Forum
Corporate partner Udi Grofman was featured on a panel, “A Maturing Market: A View from Industry Leaders,” as part of the annual Maples Investment Funds Forum conference
Udi Grofman Chairs New PLI Program for Private Fund Attorneys
- May 27, 2020
- Events
Udi Grofman Chairs New PLI Program for Private Fund Attorneys
Corporate partner Udi Grofman will chair a new Practising Law Institute (PLI) program, “Advanced Issues in Private Funds,” which will be broadcast as a live webcast on June 9.
Court Holds that Syndicated Bank Loan Is Not a “Security”
- May 26, 2020
- Publications
Court Holds that Syndicated Bank Loan Is Not a “Security”
Federal and state securities laws generally apply only to instruments that qualify as “securities.” The question of whether a particular instrument is a security, therefore, can have significant and far-reaching consequences. Nearly…
Paul, Weiss Partners Lead COVID-19 Presentation to NYCBA’s Private Investment Funds Committee
- May 06, 2020
- Events
Paul, Weiss Partners Lead COVID-19 Presentation to NYCBA’s Private Investment Funds Committee
On May 6, several Paul, Weiss partners led a CLE webinar for the New York City Bar Association’s Private Investment Funds Committee. The presentation, “COVID-19 Considerations for Private Funds,” covered the fundraising environment,…
CARES Act UPDATE: SBA Issues Additional Paycheck Protection Program Guidance, Including for Private Equity Firms and Hedge Funds
- Apr 25, 2020
- Publications
CARES Act UPDATE: SBA Issues Additional Paycheck Protection Program Guidance, Including for Private Equity Firms and Hedge Funds
The SBA has issued a new interim final rule on the PPP program, which clarifies that private equity firms and hedge funds are ineligible for PPP loans.
Funds Group COVID-19 Alert and Survey of Private Equity Fund Terms Published in PEI
- Apr 01, 2020
- Publications
Funds Group COVID-19 Alert and Survey of Private Equity Fund Terms Published in PEI
An article by the Private Funds group was published in a special issue of Private Equity International focused on COVID-19 impacts. The article, first issued as a Paul, Weiss memo, discusses proactive steps and protective measures…
COVID-19 UPDATE: SEC Extends Relief to Form ADV and Form PF Filing and Delivery Obligations Due On or Before June 30th
- Mar 26, 2020
- Publications
COVID-19 UPDATE: SEC Extends Relief to Form ADV and Form PF Filing and Delivery Obligations Due On or Before June 30th
The SEC has issued a Superseding Order extending relief to Form ADV and Form PF filing and delivery obligations for which the original due date is between March 13, 2020 and June 30, 2020.
COVID-19: Certain Consideration for Open-Ended Fund Managers; Looking at 3/31, and Beyond
- Mar 22, 2020
- Publications
COVID-19: Certain Consideration for Open-Ended Fund Managers; Looking at 3/31, and Beyond
As financial markets continue to exhibit extreme volatility as a result of COVID-19, related macro factors and oil price movements, managers of hedge funds, as well as other open-ended and evergreen funds, should assess challenges and …
Udi Grofman Quoted in Article on the Coronavirus and Hedge Fund Diligence
- Mar 20, 2020
- Publications
Udi Grofman Quoted in Article on the Coronavirus and Hedge Fund Diligence
Corporate partner Udi Grofman was extensively quoted in a recent article on FundFire, “Hedge Fund Diligence Questions Skyrocket During Coronavirus.”
SEC Provides Investment Advisers Whose Operations Are Disrupted by Coronavirus with Extensions for Form ADV and Form PF
- Mar 14, 2020
- Publications
SEC Provides Investment Advisers Whose Operations Are Disrupted by Coronavirus with Extensions for Form ADV and Form PF
The SEC has issued an Order providing investment advisers who are unable to meet a filing deadline or delivery requirement due to circumstances related to current or potential effects of coronavirus (COVID-19) with a 45-day extension…
Private Equity International publishes Funds Group Alert on COVID-19
- Mar 11, 2020
- Publications
Private Equity International publishes Funds Group Alert on COVID-19
An article by the members of the Private Funds group, “COVID-19: Certain Fund-Related Considerations for Private Equity Managers,” appeared in the March 11 issue of Private Equity International and Private Funds CFO.
Paul, Weiss Article on Private Equity Fundraising Trends Featured in American Investment Council Newsletter
- Feb 28, 2020
- Publications
Paul, Weiss Article on Private Equity Fundraising Trends Featured in American Investment Council Newsletter
The February 28 newsletter by the American Investment Council, a leading private equity advocacy and resource organization, featured an article by corporate partners Marco Masotti and Conrad van Loggerenberg and associate Victoria…
COVID-19: Certain Considerations for Hedge Fund Managers
- Mar 11, 2020
- Publications
COVID-19: Certain Considerations for Hedge Fund Managers
The wide-ranging and uncertain impacts of the coronavirus outbreak (COVID-19) on markets and businesses are creating a variety of challenges, as well as opportunities, for hedge funds. Hedge fund managers may want to consider a…
COVID-19: Certain Fund-Related Considerations for Private Equity Managers
- Mar 10, 2020
- Publications
COVID-19: Certain Fund-Related Considerations for Private Equity Managers
The cascading impacts of the coronavirus on markets and businesses are creating a variety of challenges and opportunities for private equity funds. General partners may want to consider a variety of proactive steps, including…
Private Equity International Highlights Paul, Weiss Survey of Private Equity Fund Terms
- Feb 25, 2020
- Publications
Private Equity International Highlights Paul, Weiss Survey of Private Equity Fund Terms
An article published on February 25 in Private Equity International, a leading industry news source, highlights recent research findings by the Paul, Weiss private funds group.
Anti-Spoofing Enforcement: 2019 Year in Review
- Jan 28, 2020
- Publications
Anti-Spoofing Enforcement: 2019 Year in Review
2019 marked another unprecedented year in civil and criminal anti-spoofing enforcement.
Global Regulators Press Market Participants to Prepare Now for LIBOR Transition
- Jan 22, 2020
- Publications
Global Regulators Press Market Participants to Prepare Now for LIBOR Transition
It is widely expected that within two years, by the end of 2021, the London Interbank Offered Rate (“LIBOR”) will no longer be published by LIBOR panel banks. Recognizing the potential impact LIBOR’s cessation could have on lenders,…
SEC Announces 2020 Examination Priorities
- Jan 10, 2020
- Publications
SEC Announces 2020 Examination Priorities
On January 7, 2020, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (“OCIE”) announced its examination priorities for 2020.
Private Funds Regulatory Compliance Calendar 2020
- Dec 17, 2019
- Publications
Private Funds Regulatory Compliance Calendar 2020
The 2020 Private Funds Regulatory Compliance Calendar covers certain (but not all) regulatory obligations of a typical U.S.-based private fund adviser.
New Sun Capital Ruling: Private Equity Funds Avoid Portfolio Company Pension Liabilities But Caution Still Advised
- Dec 02, 2019
- Publications
New Sun Capital Ruling: Private Equity Funds Avoid Portfolio Company Pension Liabilities But Caution Still Advised
In the latest turn in the Sun Capital litigation, the First Circuit Court of Appeals reversed the 2016 decision of the District Court for Massachusetts, and held that three private equity funds managed by Sun Capital were not liable…
Recent Cyber Attacks Target Asset Management Firms
- Oct 28, 2019
- Publications
Recent Cyber Attacks Target Asset Management Firms
A recent flurry of cyber attacks on asset managers should remind asset management firms and other financial institutions that they are attractive targets for cyber-exploitation and need to remain vigilant and institute appropriate…
Amran Hussein Featured in Private Equity Law Report on the Evolution of LPACs
- Oct 15, 2019
- Publications
Amran Hussein Featured in Private Equity Law Report on the Evolution of LPACs
Corporate partner Amran Hussein was featured in a two-part Q&A in Private Equity Law Report.
CFTC Fines Phillip Capital for Failure to Prevent a Cyber Attack That Resulted in the Theft of Customer Funds
- Sep 23, 2019
- Publications
CFTC Fines Phillip Capital for Failure to Prevent a Cyber Attack That Resulted in the Theft of Customer Funds
On September 12, 2019, the Commodity Futures Trading Commission (“CFTC”) issued a consent order against Phillip Capital, Inc. (“Phillip”), a Chicago-based Futures Commission Merchant, requiring payment of a $500,000 penalty and $1…
SEC Outlines Principal Trading Compliance Issues
- Sep 11, 2019
- Publications
SEC Outlines Principal Trading Compliance Issues
On September 4th, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) published a Risk Alert highlighting the most frequent compliance issues identified by its staff during examinations of investment advisers…
Paul, Weiss Partners to Lead PLI Briefing on Real Asset Funds
- Sep 12, 2019
- Events
Paul, Weiss Partners to Lead PLI Briefing on Real Asset Funds
Corporate partner Udi Grofman, real estate partner Harris Freidus and tax partner David Mayo will lead a one-hour Practising Law Institute briefing, “Real / Hard Asset Funds: Real Estate and Infrastructure.”
Final and Proposed Regulations on Certain Income Inclusions Under the CFC Rules Related to Domestic Partnerships
- Jun 20, 2019
- Publications
Final and Proposed Regulations on Certain Income Inclusions Under the CFC Rules Related to Domestic Partnerships
The IRS and Treasury recently released proposed and final regulations that, among other things, change the way income inclusions work under the Subpart F and GILRI rules with respect to foreign corporations that are CFCs owned by…
SEC Releases Interpretation of Advisers Act Fiduciary Duties
- Jun 10, 2019
- Publications
SEC Releases Interpretation of Advisers Act Fiduciary Duties
The SEC recently issued a final interpretation (the “Interpretation”) of the federal fiduciary duty that an investment adviser owes to its clients under the Advisers Act.
Paul, Weiss Hosts Annual Private Equity General Counsel CLE
- May 15, 2019
- Events
Paul, Weiss Hosts Annual Private Equity General Counsel CLE
Paul, Weiss hosted its Annual Private Equity General Counsel CLE Program.
Marco Masotti to Participate in Conference on Globalization of Investment Funds
- May 19, 2019
- Events
Marco Masotti to Participate in Conference on Globalization of Investment Funds
Funds partner Marco Masotti will moderate a panel at the International Bar Association Investment Funds Committee’s 30th Annual Conference on the Globalization of Investment Funds.
Funds Partners Quoted in Part 2 of Private Equity Law Report on Paul, Weiss Private Equity Funds Survey
- Apr 23, 2019
- Publications
Funds Partners Quoted in Part 2 of Private Equity Law Report on Paul, Weiss Private Equity Funds Survey
Funds partners Marco Masotti, Matthew Goldstein, Conrad van Loggerenberg and Lindsey Wiersma are extensively quoted in part 2 of a Private Equity Law Report article discussing various issues arising in the private equity landscape,…
Paul, Weiss Hosts Annual Hedge Fund General Counsel Forum
- Apr 17, 2019
- Events
Paul, Weiss Hosts Annual Hedge Fund General Counsel Forum
Paul, Weiss hosted its Annual Hedge Fund GC Forum. The event brings together clients and friends from the industry’s most prominent hedge funds to discuss significant issues confronting the industry.
Funds Partners Quoted in Private Equity Law Report on Paul, Weiss Private Equity Funds Survey
- Apr 16, 2019
- Publications
Funds Partners Quoted in Private Equity Law Report on Paul, Weiss Private Equity Funds Survey
Funds partners Marco Masotti, Matthew Goldstein, Conrad van Loggerenberg and Lindsey Wiersma are extensively quoted in a Private Equity Law Report article discussing the concerns of sponsors and the evolution of the relationship with…
Amran Hussein to Participate in PLI’s Annual Private Equity Forum
- Jul 15, 2019
- Events
Amran Hussein to Participate in PLI’s Annual Private Equity Forum
Corporate partner Amran Hussein will speak at the Practising Law Institute’s 20th Annual Private Equity Forum.
Marco Masotti to Participate in IBA’s Annual Conference on Globalization of Investment Funds
- May 19, 2019
- Events
Marco Masotti to Participate in IBA’s Annual Conference on Globalization of Investment Funds
Corporate partner Marco Masotti will moderate a panel at the International Bar Association’s 30th Annual Conference on the Globalization of Investment Funds.
Marco Masotti and Udi Grofman to Participate in IBA’s International Conference on Private Investment Funds
- Mar 10, 2019
- Events
Marco Masotti and Udi Grofman to Participate in IBA’s International Conference on Private Investment Funds
Corporate partners Marco Masotti and Udi Grofman will participate in panel discussions at the International Bar Association’s 20th Annual International Conference on Private Investment Funds.
Private Funds Regulatory Compliance Calendar 2019
- Jan 03, 2019
- Publications
Private Funds Regulatory Compliance Calendar 2019
Attached is a link to the Paul, Weiss Private Funds Regulatory Compliance Calendar for 2019.
SEC Announces 2019 Examination Priorities
- Jan 02, 2019
- Publications
SEC Announces 2019 Examination Priorities
On December 20, 2018, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (“OCIE”) announced its examination priorities for 2019. Below are certain highlights of the examination priorities…
Jeff Marell Quoted in Reuters Article on Potential Drop in M&A in 2019
- Dec 20, 2018
- Publications
Jeff Marell Quoted in Reuters Article on Potential Drop in M&A in 2019
Corporate partner Jeffrey Marell is quoted in a Reuters article discussing a potential drop in mergers and acquisitions worldwide in 2019.
Initial Thoughts for Fund Managers for 2019: Addressing Liquidity Issues
- Dec 26, 2018
- Publications
Initial Thoughts for Fund Managers for 2019: Addressing Liquidity Issues
As financial markets continue to exhibit extreme volatility, it may be time for managers of hedge funds (and other open-ended and evergreen funds) to assess the challenges (and potential opportunities) that may arise in the near…
Amran Hussein and Bob Hirsh to Speak at StreetWise Partners New York Graduation
- Dec 19, 2018
- Events
Amran Hussein and Bob Hirsh to Speak at StreetWise Partners New York Graduation
Corporate partner Amran Hussein and of counsel Bob Hirsh will deliver the keynote address at the 2018 StreetWise Partners New York Graduation.
Paul, Weiss Announces Election of New Partners
- Dec 07, 2018
- Firm News
Paul, Weiss Announces Election of New Partners
Paul, Weiss is pleased to announce that the following attorneys have been elected to the partnership, effective January 1, 2019: Justin Anderson, Robert Britton, David Carmona, Harris Fischman, Christopher D. Frey, Matthew B.…
Preparing for an Uptick in Congressional Investigations of Corporations
- Dec 03, 2018
- Publications
Preparing for an Uptick in Congressional Investigations of Corporations
Beginning next month, Democrats will control the House of Representatives for the first time since 2010. Given the pent-up demand for House Democrats to make robust use of their oversight and investigative authorities, the current…
U.S. Stay Regulations and the ISDA 2018 U.S. Resolution Stay Protocol
- Nov 27, 2018
- Publications
U.S. Stay Regulations and the ISDA 2018 U.S. Resolution Stay Protocol
U.S. regulations imposing stay requirements on the terms of swaps, repurchase agreements and other qualified financial contracts of globally systemically important banks (GSIBs) take effect on January 1, 2019 in support of a policy…
Marco Masotti, Matthew Goldstein and Robert Tananbaum Publish Article in AIC’s Newsletter
- Oct 31, 2018
- Publications
Marco Masotti, Matthew Goldstein and Robert Tananbaum Publish Article in AIC’s Newsletter
Corporate partner Marco Masotti, counsel Matthew Goldstein and associate Robert Tananbaum co-wrote a guest article that was featured in the American Investment Council’s (AIC) October newsletter.
Five Paul, Weiss Partners to Participate in Annual IBA Conference
- Oct 07, 2018
- Events
Five Paul, Weiss Partners to Participate in Annual IBA Conference
Corporate partners Mark Bergman, Ariel Deckelbaum, Marco Masotti, Alvaro Membrillera and Tarun Stewart will participate in the International Bar Association’s annual conference.
Udi Grofman to Participate at ALM’s Annual Hedge Fund General Counsel & Compliance Officer Summit
- Sep 27, 2018
- Events
Udi Grofman to Participate at ALM’s Annual Hedge Fund General Counsel & Compliance Officer Summit
Corporate partner Udi Grofman will speak on a panel at ALM’s 12th Annual Hedge Fund General Counsel & Compliance and Officer Summit.
Marco Masotti, Lindsey Wiersma and Conrad van Loggerenberg Co-Author Chapter in ICLG’s Alternative Investment Funds Guide
- Jul 13, 2018
- Publications
Marco Masotti, Lindsey Wiersma and Conrad van Loggerenberg Co-Author Chapter in ICLG’s Alternative Investment Funds Guide
Corporate partner Marco Masotti, counsel Lindsey Wiersma and associate Conrad van Loggerenberg co-authored a chapter of The International Comparative Legal Guide (ICLG) to Alternative Investment Funds 2018.
Marco Masotti to Participate in PLI’s Annual Private Equity Forum
- Jul 16, 2018
- Events
Marco Masotti to Participate in PLI’s Annual Private Equity Forum
Corporate partner Marco Masotti will speak at the Practising Law Institute’s 19th Annual Private Equity Forum.
Lindsey Wiersma to Participate in AIC’s Chief Compliance Officers Meeting
- Jun 19, 2018
- Events
Lindsey Wiersma to Participate in AIC’s Chief Compliance Officers Meeting
Corporate counsel Lindsey Wiersma will speak on a panel at the American Investment Council’s (AIC) Chief Compliance Officers Working Group Meeting.
SEC Publishes the Most Frequent Advisory Fee and Expense Compliance Issues Identified in Examinations of Investment Advisers
- Apr 17, 2018
- Publications
SEC Publishes the Most Frequent Advisory Fee and Expense Compliance Issues Identified in Examinations of Investment Advisers
The SEC recently published an alert listing the most frequent advisory fee and expense compliance issues identified in deficiency letters sent to SEC-registered investment advisers.
Fifth Circuit Vacates DOL’s ERISA Fiduciary Rule; DOL Announces Non-Enforcement Policy, Pending Further Review
- Mar 20, 2018
- Publications
Fifth Circuit Vacates DOL’s ERISA Fiduciary Rule; DOL Announces Non-Enforcement Policy, Pending Further Review
The U.S. Court of Appeals for the Fifth Circuit recently set aside the Department of Labor’s (DOL) so-called “fiduciary rule,” holding that it exceeded the regulatory authority granted to DOL by the Employee Retirement Income Security …
Corporate Partners to Participate in ABA/IBA International Conference on Private Investment Funds
- Mar 11, 2018
- Events
Corporate Partners to Participate in ABA/IBA International Conference on Private Investment Funds
Corporate partners Marco Masotti (who co-chairs the conference), Ariel Deckelbaum, Amran Hussein, Udi Grofman and Ramy Wahbeh are taking part in the American Bar Association and the International Bar Association’s 19th Annual…
Udi Grofman to Speak at Maples Investment Funds Forum
- Feb 08, 2018
- Events
Udi Grofman to Speak at Maples Investment Funds Forum
Corporate partner Udi Grofman will speak at the upcoming Maples Investment Funds Forum conference.
Marco Masotti to Participate on Panel on Development Finance at Oxford University
- Apr 13, 2018
- Events
Marco Masotti to Participate on Panel on Development Finance at Oxford University
Corporate partner Marco Masotti will speak on a panel on development finance in emerging markets at an event sponsored by the Queen Mary-UNIDROIT Institute of Transnational Commercial Law.
Private Funds Regulatory Compliance Calendar 2018
- Dec 06, 2017
- Publications
Private Funds Regulatory Compliance Calendar 2018
Attached is a link to the Paul, Weiss Private Funds Regulatory Compliance Calendar for 2018. The calendar covers certain (but not all) regulatory obligations of a typical U.S.-based private fund adviser. Please note that any words…
Marco Masotti Featured in UVA Lawyer Magazine
- Nov 14, 2017
- Publications
Marco Masotti Featured in UVA Lawyer Magazine
Corporate partner Marco Masotti was featured in a Q&A in this month’s UVA Lawyer, the alumni magazine of the University of Virginia School of Law.
Ariel Deckelbaum Moderates Panel at Financial Times Conference
- Nov 01, 2017
- Events
Ariel Deckelbaum Moderates Panel at Financial Times Conference
Corporate partner Ariel Deckelbaum moderated a panel at the Financial Times – Outstanding Directors Exchange conference.
Private Funds Spotlight: GP-Led Secondary Transactions
- Oct 02, 2017
- Publications
Private Funds Spotlight: GP-Led Secondary Transactions
With several headline-grabbing GP-led secondary transactions, 2017 has witnessed the maturation of a relatively new feature in the private equity industry’s liquidity tool kit. In this issue of Private Funds Spotlight, corporate…
New SEC Disclosure Requirements on Form ADV Become Effective October 1
- Sep 26, 2017
- Publications
New SEC Disclosure Requirements on Form ADV Become Effective October 1
In this alert, we describe the new SEC disclosure requirements applicable to investment advisers under amendments to Part 1A of Form ADV that will go into effect on October 1, 2017. The amendments require additional information…
Udi Grofman to Participate at PLI’s Hedge Fund Management Program
- Sep 13, 2017
- Events
Udi Grofman to Participate at PLI’s Hedge Fund Management Program
Corporate partner Udi Grofman will speak at the Practising Law Institute’s 2017 Hedge Fund Management program.
Marco Masotti to Deliver Keynote Address at AIC’s Chief Financial Officers Day
- Sep 14, 2017
- Events
Marco Masotti to Deliver Keynote Address at AIC’s Chief Financial Officers Day
Corporate partner Marco Masotti will deliver the keynote address at the American Investment Council’s (AIC) Chief Financial Officers Day.
Divided Second Circuit Panel Overrules Prior Newman Insider Trading Decision
- Aug 25, 2017
- Publications
Divided Second Circuit Panel Overrules Prior Newman Insider Trading Decision
On Wednesday, in United States v. Martoma, the United States Court of Appeals for the Second Circuit overruled its own 2014 decision in United States v. Newman and altered the standard for determining whether the personal benefit…
Marco Masotti to Participate in PLI’s Annual Private Equity Forum
- Jul 10, 2017
- Events
Marco Masotti to Participate in PLI’s Annual Private Equity Forum
Corporate partner Marco Masotti will speak at the Practising Law Institute’s 18th Annual Private Equity Forum.
Udi Grofman to Speak at Maples Investment Funds Forum
- Feb 23, 2017
- Events
Udi Grofman to Speak at Maples Investment Funds Forum
Corporate partner Udi Grofman will speak at the upcoming Maples Investment Funds Forum conference.
President Signs Executive Order on Core Principles for Regulating the U.S. Financial System
- Feb 09, 2017
- Publications
President Signs Executive Order on Core Principles for Regulating the U.S. Financial System
On February 3, President Donald Trump signed an executive order setting forth "Core Principles" intended to guide the regulation of the U.S. financial system. Although not specifically mentioned, revisions to the Dodd-Frank Act are…
Client Alert: SEC Lists the Five Most Frequent Compliance Topics Identified in Examinations of Investment Advisers
- Feb 08, 2017
- Publications
Client Alert: SEC Lists the Five Most Frequent Compliance Topics Identified in Examinations of Investment Advisers
On February 7, the SEC's Office of Compliance Inspections and Examinations identified five areas of compliance deficiencies or weaknesses frequently found during the staff's examinations of registered investment advisers. In the…
Client Alert: Supreme Court Reaffirms Dirks, Confirms that a Gift of Information to a Trading Relative or Friend Satisfies Personal Benefit Requirement for Insider Trading
- Dec 07, 2016
- Publications
Client Alert: Supreme Court Reaffirms Dirks, Confirms that a Gift of Information to a Trading Relative or Friend Satisfies Personal Benefit Requirement for Insider Trading
In its first opinion on the scope of insider trading liability in nearly twenty years, the Supreme Court in Salman v. United States addressed whether insider trading liability can arise where a tipper makes a "gift" of…
Private Funds Regulatory Compliance Calendar 2017
- Nov 22, 2016
- Publications
Private Funds Regulatory Compliance Calendar 2017
Below is a link to the Paul, Weiss Private Funds Regulatory Compliance Calendar for 2017. The calendar covers certain (but not all) regulatory obligations of a typical U.S.-based private fund adviser. Please note that any…
Client Alert: Second Circuit Holds That Parties to Standard Lock-Up Agreements in IPOs Do Not Form a “Group” for Section 13(d) and Section 16(b) Purposes
- Nov 08, 2016
- Publications
Client Alert: Second Circuit Holds That Parties to Standard Lock-Up Agreements in IPOs Do Not Form a “Group” for Section 13(d) and Section 16(b) Purposes
A Second Circuit decision on November 3 in Lowinger v. Morgan Stanley rejected a theory that would have impeded the normal process by which trading of newly issued IPO shares is stabilized. In its November 3 ruling, the court…
Client Alert: Proposed Treasury Regulations Would Alter Valuation of Closely-Held Interests and Affect Estate Planning
- Nov 08, 2016
- Publications
Client Alert: Proposed Treasury Regulations Would Alter Valuation of Closely-Held Interests and Affect Estate Planning
The IRS issued proposed regulations in August taking aim at valuation discounts with respect to closely-held interests for gift, estate and generation-skipping transfer tax purposes. If adopted, the proposed regulations…
Client Alert: High Court Rules U.K. Government Cannot Trigger Brexit Without Parliamentary Authorization
- Nov 03, 2016
- Publications
Client Alert: High Court Rules U.K. Government Cannot Trigger Brexit Without Parliamentary Authorization
The U.K. High Court today held that the U.K. Secretary of State does not have the power to give notice pursuant to Article 50 of the Treaty on the European Union for the nation to withdraw from the European Union. According …
October 2016: Private Equity Digest
- Oct 21, 2016
- Publications
October 2016: Private Equity Digest
In this edition of the Paul, Weiss Private Equity Digest, we discuss China-U.S. crossborder deal risks for U.S. sellers and possible ways to address those risks.
Client Alert: SEC Adopts Amendments to Form ADV Regarding Separately Managed Accounts and Umbrella Registration
- Sep 15, 2016
- Publications
Client Alert: SEC Adopts Amendments to Form ADV Regarding Separately Managed Accounts and Umbrella Registration
On August 25, 2016, the SEC adopted amendments to Form ADV, and amendments to Rule 204-2 (the "Recordkeeping Rule") and certain other rules under the Investment Advisers Act of 1940, as amended (the "Advisers Act") which…
Udi Grofman to Speak at PLI’s Hedge Fund Management Program
- Sep 15, 2016
- Events
Udi Grofman to Speak at PLI’s Hedge Fund Management Program
Corporate partner Udi Grofman will participate in a panel discussion at the Practising Law Institute's Hedge Fund Management seminar.
Mark Bergman and David Lakhdhir Co-Author Article on Effects of Brexit on Public Disclosure Obligations
- Jul 12, 2016
- Publications
Mark Bergman and David Lakhdhir Co-Author Article on Effects of Brexit on Public Disclosure Obligations
London-based corporate partners Mark Bergman and David Lakhdhir co-authored a client memorandum, titled "Brexit: Disclosure Implications for SEC Reporting Companies," that was featured in the July issues of Insights: The…
SEC Proposes Rules on Business Continuity and Transition Plans for Investment Advisers
- Jul 13, 2016
- Publications
SEC Proposes Rules on Business Continuity and Transition Plans for Investment Advisers
On June 28, 2016, the Securities and Exchange Commission (the "SEC") proposed a new rule [1] requiring SEC registered investment advisers ("advisers") to adopt and implement a business continuity and transition plan (a "BCTP") to …
Brexit: Disclosure Implications for SEC Reporting Companies
- Jul 12, 2016
- Publications
Brexit: Disclosure Implications for SEC Reporting Companies
In the short period since the June 23 UK referendum on whether to remain in, or leave, the European Union, the United Kingdom has faced a remarkable range of political, monetary, economic and even constitutional…
Client Alert: SEC Adopts Disclosure Rules for Resource Extraction Issuers
- Jul 08, 2016
- Publications
Client Alert: SEC Adopts Disclosure Rules for Resource Extraction Issuers
On June 27, 2016, the Securities and Exchange Commission (the "SEC") adopted final rules requiring resource extraction issuers to disclose payments made to the U.S. federal government or foreign governments for the commercial…
Brexit: What Comes Next? What Are the Potential Consequences?
- Jul 06, 2016
- Publications
Brexit: What Comes Next? What Are the Potential Consequences?
On June 23, 2016 voters in the United Kingdom were asked in a referendum whether the UK should remain a member of the European Union or leave the EU. By a vote of 51.9% to 48.1%, the voters opted to leave.
Litigation Partners Author Article on Dell Appraisal Decision
- Jun 21, 2016
- Publications
Litigation Partners Author Article on Dell Appraisal Decision
Litigation partners Lewis Clayton and Stephen Lamb co-authored a client memorandum that was featured on the Harvard Law School Forum on Corporate Governance and Financial Regulation website.
Marco Masotti to Participate in PLI’s Private Equity Forum
- Jun 29, 2016
- Events
Marco Masotti to Participate in PLI’s Private Equity Forum
Corporate partner Marco Masotti will participate in a panel discussion at the Practising Law Institute's Private Equity Forum.
SEC Increases “Qualified Client” Net Worth Threshold
- Jun 17, 2016
- Publications
SEC Increases “Qualified Client” Net Worth Threshold
On June 14, 2016, the U.S. Securities and Exchange Commission increased the net worth test threshold for "qualified clients" under Rule 205-3 of the Investment Advisers Act of 1940, as amended, from $2 million to $2.1 million.
Client Alert: Implications of the Recent Dell Appraisal Decision
- Jun 13, 2016
- Publications
Client Alert: Implications of the Recent Dell Appraisal Decision
On May 31, Vice Chancellor Laster of the Delaware Court of Chancery held that, for purposes of Delaware's appraisal statute, the fair value of the common stock of Dell Inc. at the time of its sale to a group including the…
Client Alert: SEC Increases Thresholds for Exchange Act Registration
- May 09, 2016
- Publications
Client Alert: SEC Increases Thresholds for Exchange Act Registration
On May 3, 2016, the SEC adopted final rules, substantially as proposed in December 2014, under the Jumpstart Our Business Startups Act (the "JOBS Act") and the Fixing America's Surface Transportation Act (the "FAST Act") that…
Client Alert: SEC Publishes Concept Release on Revisions to Regulations S-K
- May 04, 2016
- Publications
Client Alert: SEC Publishes Concept Release on Revisions to Regulations S-K
In April 2016, the U.S. Securities and Exchange Commission (the "SEC") published a concept release (the "Release") seeking comment on modernizing certain disclosure requirements of Regulation S-K.
Client Alert: Financial Regulators Propose Incentive Compensation Rules under Dodd-Frank
- Apr 27, 2016
- Publications
Client Alert: Financial Regulators Propose Incentive Compensation Rules under Dodd-Frank
On April 21, 2016, the Securities and Exchange Commission, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Housing…
April 2016: Private Equity Digest
- Apr 19, 2016
- Publications
April 2016: Private Equity Digest
In this edition of the Paul, Weiss Private Equity Digest, we take a look at the possibly revived PIPEs market and discuss key considerations for private equity investors looking to put capital to work in this space.
Client Alert: Resistance Is Not Always Futile: The D.C. District Court Deals FSOC a Significant Blow by Rescinding MetLife’s Designation
- Apr 11, 2016
- Publications
Client Alert: Resistance Is Not Always Futile: The D.C. District Court Deals FSOC a Significant Blow by Rescinding MetLife’s Designation
On March 30, the D.C. District Court issued an order rescinding the Financial Stability Oversight Council's (FSOC's) designation of MetLife, Inc., as a systemically important nonbank financial company. The Court's opinion was…
Client Memo: New Sun Capital Ruling Considers ERISA Obligations of Private
- Apr 05, 2016
- Publications
Client Memo: New Sun Capital Ruling Considers ERISA Obligations of Private
Private equity funds should consider the impact of a March 28 lower court decision in the Sun Capital case, which may increase the risk that funds will be held responsible for ERISA obligations of portfolio companies.
Marco Masotti, Udi Grofman and Amran Hussein to Participate in ABA/IBA International Conference on Private Investment Funds
- Mar 06, 2016
- Events
Marco Masotti, Udi Grofman and Amran Hussein to Participate in ABA/IBA International Conference on Private Investment Funds
Corporate partners Marco Masotti, Udi Grofman, Michael Hong and Amran Hussein will take part in the American Bar Association and the International Bar Association's 17th Annual International Conference on Private Investment Funds.
Marco Masotti to Speak at Global Fund Finance Symposium
- Mar 02, 2016
- Events
Marco Masotti to Speak at Global Fund Finance Symposium
Corporate partner Marco Masotti will speak at the sixth annual Global Fund Finance Symposium, which will address key developments and trends in the subscription credit facility and fund finance markets.
Udi Grofman to Speak on U.S. Regulatory Trends at Maples Investment Funds Forum
- Feb 25, 2016
- Events
Udi Grofman to Speak on U.S. Regulatory Trends at Maples Investment Funds Forum
Corporate partner Udi Grofman will speak about U.S. regulatory trends at the upcoming Maples Investment Funds Forum conference.
February 2016: Private Equity Digest
- Feb 18, 2016
- Publications
February 2016: Private Equity Digest
In this edition of the Paul, Weiss Private Equity Digest, we review acquisition financing trends from 2015.
Client Alert: Fiscal Year 2017 Budget Update
- Feb 10, 2016
- Publications
Client Alert: Fiscal Year 2017 Budget Update
On Tuesday, February 9, 2016, the White House released President Obama's Budget for Fiscal Year 2017.
Marco Masotti to Moderate Panel at IBA Conference on Globalization of Investment Funds
- May 08, 2016
- Events
Marco Masotti to Moderate Panel at IBA Conference on Globalization of Investment Funds
Corporate partner Marco Masotti will moderate a panel at the International Bar Association's 27th Annual Conference on the Globalisation of Investment Funds.
FinCEN Imposes Anti-Money Laundering Reporting Requirements
- Feb 02, 2016
- Publications
FinCEN Imposes Anti-Money Laundering Reporting Requirements
The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) issued Geographic Targeting Orders ("GTO") imposing temporary reporting requirements on title insurers with respect to "all-cash" purchases of high-end…
Marco Masotti Serves as Chair of ABA and IBA’s Annual Conference on Private Investment Funds
- Mar 06, 2016
- Events
Marco Masotti Serves as Chair of ABA and IBA’s Annual Conference on Private Investment Funds
Corporate partner Marco Masotti will serve as Chair of the American Bar Association and International Bar Association's Annual Conference on Private Investment Funds for a two year term effective January 1.
Awards & Recognition
Paul, Weiss Private Funds Group Shortlisted for 2020 “Law Firm of the Year” by PEI and PDI
- Dec 14, 2020
- Awards
Paul, Weiss Private Funds Group Shortlisted for 2020 “Law Firm of the Year” by PEI and PDI
The Paul, Weiss Private Funds group has been shortlisted for 2020’s “Law Firm of the Year” awards by both Private Equity International (PEI) and Private Debt Investor (PDI).
Paul, Weiss Recognized Among the Nation’s Most Resilient Law Firms and Shortlisted in Finance, Inclusion Categories in FT Innovative Lawyers Report
- Dec 11, 2020
- Awards
Paul, Weiss Recognized Among the Nation’s Most Resilient Law Firms and Shortlisted in Finance, Inclusion Categories in FT Innovative Lawyers Report
Paul, Weiss was recognized as among the most innovative law firms in North America by the Financial Times’ 2020 North America Innovative Lawyers Report.
Paul, Weiss Private Funds Group Recognized by FT for Innovation
- Dec 11, 2020
- Awards
Paul, Weiss Private Funds Group Recognized by FT for Innovation
The Paul, Weiss Private Funds Group was recognized as among the most innovative in North America in the Financial Times’ 2020 North America Innovative Lawyers Report.
Law360 Recognizes Four Paul, Weiss Practice Groups Among the Year’s Best
- Nov 29, 2020
- Awards
Law360 Recognizes Four Paul, Weiss Practice Groups Among the Year’s Best
Paul, Weiss won four Law360 “Practice Group of the Year” recognitions for the firm’s achievements in 2020 in the Capital Markets, Fund Formation, Private Equity and Securities categories.
Seven Paul, Weiss Partners Named Law360 MVPs
- Oct 04, 2020
- Awards
Seven Paul, Weiss Partners Named Law360 MVPs
Partners Matthew Abbott, Scott Barshay, Susanna Buergel, Karen Dunn, Harris Freidus, Marco Masotti and Jordan Yarett have been honored with Law360 2020 MVP Awards, which recognize an elite slate of attorneys who have distinguished…
Conrad van Loggerenberg Named a Private Debt Investor “Rising Star”
- Oct 02, 2020
- Awards
Conrad van Loggerenberg Named a Private Debt Investor “Rising Star”
Funds partner Conrad van Loggerenberg was recognized as a “Rising Star” by Private Debt Investor in the publication’s annual list highlighting the 40 individuals under age 40.
Claudia Hammerman, Amran Hussein and Loretta Lynch Named Notable Women in Law by Crain’s New York Business
- Dec 18, 2019
- Awards
Claudia Hammerman, Amran Hussein and Loretta Lynch Named Notable Women in Law by Crain’s New York Business
Litigation partners Claudia Hammerman and Loretta Lynch and corporate partner Amran Hussein have been named to Crain’s New York Business’s 2020 “Notable Women in Law” list.
Amran Hussein Named “Best in Investment Funds” at Euromoney Americas Women in Business Law Awards
- Jun 06, 2019
- Awards
Amran Hussein Named “Best in Investment Funds” at Euromoney Americas Women in Business Law Awards
Corporate partner Amran Hussein was named in the “Best in Investment Funds” category at the eighth annual Euromoney Legal Media Group Americas Women in Business Law Awards.
Law360 Recognizes Three Paul, Weiss Practice Groups Among the Year’s Best
- Jan 14, 2019
- Awards
Law360 Recognizes Three Paul, Weiss Practice Groups Among the Year’s Best
Paul, Weiss won three Law360 “Practice Group of the Year” recognitions for the firm’s achievements in 2018 in the Asset Management, Life Sciences and Trials categories.
Three Paul, Weiss Partners Named Law360 MVPs
- Nov 26, 2018
- Awards
Three Paul, Weiss Partners Named Law360 MVPs
Law360 has honored firm chairman Brad Karp, litigation partner Susanna Buergel and corporate partner Marco Masotti with 2018 MVP awards.
Five Paul, Weiss Partners Named Law360 MVPs
- Nov 28, 2016
- Awards
Five Paul, Weiss Partners Named Law360 MVPs
Law360 has honored firm chair Brad Karp, corporate partners Robert Schumer and Marco Masotti, and litigation partners Ted Wells and Catherine Nyarady with 2016 MVP Awards. Brad and Ted were selected as MVPs in the sports practice…
Richard Rosen and Udi Grofman Selected for Distinguished Legal Writing Award
- Apr 05, 2016
- Awards
Richard Rosen and Udi Grofman Selected for Distinguished Legal Writing Award
Litigation partner Richard Rosen and corporate partner Udi Grofman were recognized among the finest law firm writers of 2016 with Burton Awards for their article, "Political Intelligence and U.S. Insider Trading Regulations."