'If the rule gets vacated, we are still going to push this project forward,' says ILPA’s Neal Prunier.
Court hands big victory to private funds. Rifts in LP community may have aided the downfall of the regulatory package.
More than half of private equity and credit advisers struggle with extracted performance, Seward & Kissel survey finds.
‘Because it’s private, there’s a false assumption that the opacity of the market indicates risk,’ AIC’s Goshorn Jurata says at Private Funds CFO’s compliance forum.
‘It’s making sure that private fund advisers are following their agreements and doing the things they’re supposed to do,’ Andrew Dean tells Private Funds CFO’s compliance forum
‘It can be a driver of potential fees,’ Dan Faigus tells packed room at Private Funds CFO event.
The SEC’s 'whole rulebook' is at stake with upcoming judgement.
Iron Road Partners’ Igor Rozenblit – former co-head of the SEC's private funds unit – details concerns and red flags the regulator will be looking for following the passing of its private market rules last year.
Among other things, this proposal would mandate that advisers must verify a customer’s or an entity’s identity 'within a reasonable time before or after the customer’s account is opened.'
Washington takes it seriously, and fund managers must take it seriously, too, experts say.