Funds
RAISE6 on Air: Market Trends and Fund Structuring Twists
On October 19, 2021, Cooley fund formation attorneys Eric Doherty and Jimmy Matteucci led a presentation on “Market Trends and Fund Structuring Twists” during the 2021 RAISE Global Summit, which bills itself as “the premier event for LPs to find the next generation of venture capital firms.” The presentation focused […]
GGV Capital Raises $2.5 Billion Across Four Funds
Cooley advised GGV Capital on raising $2.52 billion across four funds, which will focus on tech startups and growth deals in the US and China. The closing represents the largest family of funds raised by GGV since its inception. Cooley partner Jordan Silber led the team advising GGV. GGV Capital […]
Raise5 on Air – How Fund Formation is Reacting to World Turmoil
On Wednesday, September 30, 1:00 – 2:00 pm PDT Cooley fund formation attorneys John Dado, Eric Doherty and Jimmy Matteucci hosted an interactive discussion at the RAISE5 Conference that touched on a variety of current fund formation topics, including the pace and structure of fund formation activity in 2020, the […]
CFIUS Reform UPDATE: Implications of FIRRMA for Fund Managers
UPDATE (October 8, 2020) We are providing updates on our original post here to reflect the issuance of a final rule by the U.S. Treasury Department which will become effective on October 15, 2020. Between November 2018 (when the first regulations implementing FIRRMA came into effect) and October 15, 2020 […]
SEC Proposes Registration Exemption for “Finders”
The SEC has proposed new rules that would clear up the longstanding difficulty a venture capital fund manager has faced when wanting to use a “finder” for investors in the fund and such “finder” is not licensed as (or associated with a licensed) broker-dealer. This article discusses the application of […]
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 […]
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 […]
Let the Spigot Open: Volcker Rule Relaxed to Allow More Bank Investments in VC Funds
Prior to the effectiveness of the Volcker Rule in April, 2014, we more regularly saw banks participating as limited partners in venture capital funds. The rule placed significant limitations on banks’ ability to make investments in private funds, and over the last 6 years the frequency of investment and capital […]