Strictly Business
A legal blog on private funds, startups, and venture capital.
Strictly Business
A legal blog on private funds, startups, and venture capital.
Category Private Equity and Hedge Funds
Indiana Updates Its Policy on Investment Adviser Registration for Private Fund Managers
Recently, I posted a summary of the status of state investment advisor registration requirements for private fund managers in the Midwest in wake of adoption of the Dodd-Frank Act. Indiana, in particular had a rather confusing situation. Indiana’s Securities Division…
Bill Introduced in Congress to Permit Private Companies to Stay Private for Longer
Representative David Schweikert (R-AZ) recently introduced a bill called the “Private Company Flexibility and Growth Act,” which promises to allow private companies to remain private for a longer period of time. Currently, if on the last day of a company’s fiscal…
North American Securities Administrators Association revises proposed model rule addressing state registration of exempt private fund managers.
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,”…
Legislation Giving Private Equity Fund Managers Exemption from Registration Clears Key Committee
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.
Angel Capital Association Weighs in on Proposed “Bad Actor” Rule
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 which…