Category: Funds

Litigation Liability Issues in the Venture Space

For good reason, the business of venture capital firms is focused largely on core business issues such as raising capital, product/market fit, and deal flow.  However, as such firms guide and interact with their portfolio companies, litigation issues can result and become a pressing concern for such firms, especially with […]

SEC Relaxes Conditions of Form ADV Filing Extension

In response to the developing COVID-19 situation, on March 25, 2020 the SEC issued a new order to relax certain conditions contained in a previous order issued March 13, 2020 applicable to Exempt Reporting Advisers (“ERAs”) and Registered Investment Advisers (“RIAs”) who need more time to file annual amendments to […]

SEC Extension of FORM ADV Amendment Deadline

In response to the coronavirus disease COVID 19, the SEC has provided a conditional extension of the March 30, 2020 deadline for annual amendments to Form ADV. The extension applies to both Exempt Reporting Advisers (“ERAs”) and Registered Investment Advisers (“RIAs”).  RIAs’ brochure delivery and updating deadlines have also been […]

Cayman Update: Private Funds Law 2020 Requires VCs to Register

On February 7, 2020, the Cayman Islands published the Private Funds Law 2020.  Most importantly, the Law requires certain Cayman Islands private funds to register with the Cayman Islands Monetary Authority (“CIMA”).  This requirement covers most closed-ended funds formed in Cayman Islands, including typical venture capital and private equity funds […]

CFIUS Reform: Implications of FIRRMA for Fund Managers

After long debate concerning the need to reform the Committee on Foreign Investment in the United States (“CFIUS”) to address evolving national security threats and emerging technologies, the Foreign Investment Risk Review Modernization Act (“FIRRMA”) became law on August 13, 2018. FIRRMA expands CFIUS’s powers to review investments by “foreign […]