Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
Obama Administration Proposes Registration of All Private Fund Advisers
July 22, 2009 Full PDF
On July 15, 2009, the U.S. Department of the Treasury, on behalf of President Obama's Administration, proposed the "Private Fund Investment Advisers Registration Act of 2009," which would require investment advisers to "private funds" (including hedge funds and private equity funds) with more than $30 million of assets under management to register with the U.S. Securities and Exchange Commission. Once registered, the adviser would be subject to more onerous reporting requirements than is currently the case for investment advisers registered under the U.S. Investment Advisers Act of 1940.