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

Upfront Ventures

Advised Upfront Ventures on its fundraise of more than $650 million to be deployed across three unique funds focused on various stages of the startup life cycle

Redpoint Ventures

Advised Redpoint Ventures on the closing of its ninth early-stage fund – Redpoint Ventures IX – with $650 million in committed capital

Qiming Venture Partners

Advised Qiming Venture Partners on the closing of its oversubscribed Qiming Venture Partners Fund VIII with $2.5 billion in committed capital

Amplify Partners

Advised Amplify Partners on the formation of two new funds – Amplify Partners V and Amplify Select V – with a combined $700 million in capital.

Slow Ventures

Advised Slow Ventures on the launch of its fifth seed-stage fund, Slow Ventures V, and its second opportunity fund, Slow Opportunity II, which together represent $325 million in new capital commitments

Biospring Partners

Advised Biospring Partners on the closing of its debut fund with more than $245 million in capital commitments

Obvious Ventures

Advised Obvious Ventures on its raise of two new funds – Obvious Ventures IV and Obvious Prime II – representing a combined $461 million in fresh capital

HOF Capital

Advised HOF Capital on its $300 million latest early-stage fund

YL Ventures

Advised YL Ventures, on the closing of its significantly oversubscribed fifth fund, YLV Fund V, at $400 million

Dragonfly Capital

Advised Dragonfly Capital on the closing of its oversubscribed third venture fund, Dragonfly Ventures III, with $650 million in capital commitments

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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