Strictly Business
A legal blog on private funds, startups, and venture capital.
Strictly Business
A legal blog on private funds, startups, and venture capital.
Taylor Wilkins
Taylor Wilkins is in-house counsel at AllianceBernstein. Prior to that, he was a private fund attorney at Riggs Davie PLC.
What is a Private Placement Memorandum?
A Private Placement Memorandum, or "PPM," is a disclosure document often used in connection with a private offering of securities. This article explains why a PPM is commonly used and overviews what is typically included in a PPM.
SEC Updates Definition of Accredited Investor
On August 26, 2020, the Securities and Exchange Commission adopted amendments to the definition of “accredited investor.” The amendments, among other things, added to the list of individuals who qualify as accredited investors.
Verifying Accredited Investors in a Rule 506(c) Offering
Companies raising capital using Rule 506(c) have several options as to how to verify whether their investors’ are indeed “accredited investors.” This post describes some of the options companies have.