Category: Funds

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

Update: On July 7, 2020, the Cayman Islands Government amended the Private Funds Law 2020 and expanded the definition of a “private fund”.  As a consequence, a few types of entities (such as “single investment funds” and “no fee no carry funds”) that were expected to be excluded from the […]

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 […]

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 […]