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.
Department of Treasury Proposes New Reporting Requirements Applicable to Private Funds
April 8, 2011
The Department of the Treasury recently released its final draft of a proposed new reporting form, Form SLT, in connection with the Treasury International Capital reporting system, which is designed to provide timely information on international capital movements. An investment advisor will be required to submit a Form SLT, as a representative of the funds it manages, if the total market value of all (i) securities issued by U.S. resident funds managed by the investment advisor to foreign residents and (ii) securities of foreign resident issuers owned by U.S. resident funds managed by the investment manager (and not held by U.S.-resident custodians, who are separately subject to Form SLT reporting requirements) equals or exceeds $1 billion. If approved, the new reporting requirements will become effective as of June 30, 2011.