Month: September 2020

Investment Funds Beware: Proposed HSR Amendments Would Increase Reporting Obligations

The US Federal Trade Commission and Department of Justice announced proposed changes to the rules governing Hart-Scott-Rodino (HSR) filings that, if implemented, would significantly increase the number of transactions that must be reported to the antitrust agencies – primarily by private equity, venture capital and other investment funds – as […]

Cooley / September 30, 2020

Funds

SEC Broadens the Definition of Accredited Investor to Permit Greater Access to Fund and Other Private Offerings

On August 26, 2020, after over a year’s worth of work examining how it may better simplify, harmonize and improve the framework and rules around exempt offerings under the Securities Act of 1933, as amended (the “Securities Act”) and heighten protections for investors participating in such offerings, the Securities and […]

Shane Goudey / September 9, 2020

Legacy Venture

Advised Legacy Venture X on its $350 million closing.

Menlo Ventures

Advised Menlo Ventures on the closing of Menlo Ventures XV, a $500 million venture capital fund.

Owl ventures

Advised Owl Ventures on the closing of two funds totaling $585 million to support Edtech

M13 Ventures

Advised M13 on the closing of its second $175 million fund focusing on early stage retail, healthcare, personal finance, and food companies.

Redpoint Ventures

Advised Redpoint Ventures on the closing of its eighth early stage fund at $500 million.

Qiming Venture Partners

Advised Qiming Venture Partners on the closing of its seventh fund at the target amount of $1.1 billion.

Lux

Advised Lux Capital on raising more than $1 billion across two funds, with $500 million raised for its sixth early-stage fund and $550 million raised for its second opportunity fund focused on growth-stage investments primarily in existing Lux portfolio companies.

Box Group

Advised BoxGroup on the closing of two funds, an early stage fund and an opportunity fund, at $82.5 million each.

Norwest Venture Partners

Advised Norwest Venture Partners on the closing of its largest fund to date at $2 billion, bringing its total capital commitments to more than $9.5 billion.

GGV Capital

Advised GGV Capital on the closing of its new funds totaling $1.88 billion. The new funds include GGV Capital VII and VII Plus, GGV Discovery II and GGV Capital VII Entrepreneurs Fund

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Month: September 2020

Investment Funds Beware: Proposed HSR Amendments Would Increase Reporting Obligations

SEC Broadens the Definition of Accredited Investor to Permit Greater Access to Fund and Other Private Offerings