Annual SEC Section 13 Filing Requirements for Venture, Private Equity Funds
Venture and private equity funds and other investors that own equity securities of public companies may have numerous Securities and Exchange Commission (SEC) filing requirements – including filings based on the size of the holdings of a particular portfolio company, aggregate holdings of securities across all public portfolio companies, and […]
Q3 2024 Venture Financing Report – Interview With Asad Khaliq
In conjunction with our Q3 2024 Venture Financing Report, we sat down with Asad Khaliq of Acrew Capital to get his take on the state of venture capital investing. Key insights from Asad Khaliq On the most exciting advancements in technology right now: “Cybersecurity is unique in that progress is […]
Navigating the SEC’s New XML Filing Requirements for Schedules 13D and 13G: What Funds Need to Know
On December 18, 2024, new requirements go into effect that mandate the use of the XML format for Schedules 13D and 13G filings with the US Securities and Exchange Commission (SEC). The XML reporting requirements represent the final change required by the SEC’s wide-ranging amendments to its beneficial ownership reporting […]
Are You a Fund Manager Looking to Set Up a Separate Entity and Avoid Registration? Recent SEC Enforcement Action Highlights Risks of Operational Integration for Firms
In a recent enforcement action announced by the Securities and Exchange Commission (SEC), the issue of how one investment adviser can affect the exemption status of related advisers under the Investment Advisers Act of 1940 (Advisers Act) has come into focus. The action serves as a timely reminder for fund […]
Amended Filing Deadlines for Schedule 13G Filers Go Into Effect September 30, 2024
In 2023, the Securities and Exchange Commission (SEC) adopted wide-ranging rule changes applicable to beneficial ownership reporting under Sections 13(d) and 13(g) of the Securities Exchange Act. These rule changes are described in this October 30, 2023 Cooley alert. While certain of the rule changes became effective in February 2024, […]
Q2 2024 Venture Financing Report – Interview With Laura Tadvalkar
In conjunction with our Q2 2024 Venture Financing Report, we sat down with Laura Tadvalkar of RA Capital to get her take on the state of venture capital investing. Key insights from Laura Tadvalkar On recent advancements toward human health: “We’re seeing the incredible impact of GLP-1 drugs not only for […]
Remember Pay-to-Play Rule Before Making US Election Campaign Contributions
On August 6, 2024, US Vice President Kamala Harris announced Minnesota Gov. Tim Walz as her running mate for the 2024 presidential election. This selection triggers the political contributions rule under the Investment Advisers Act of 1940, Rule 206(4)-5, also known as the Pay-to-Play Rule. Under that rule, contributions to […]
FAQs on SEC’s Private Fund Adviser Rules After Fifth Circuit Decision
As most fund managers have likely heard by now, on June 5, 2024, the US Court of Appeals for the Fifth Circuit vacated the private fund adviser rules that the Securities and Exchange Commission (SEC) adopted in summer 2023, which would have required compliance by fund managers as early as […]