• Regulation and Registration of Private Equity/Venture Capital Fund Advisers
  • August 31, 2009
  • Law Firm: Winston & Strawn LLP - Chicago Office
  • On June 17, 2009, the Department of Treasury released a White Paper on Financial Regulatory Reform (the "White Paper"), which proposed that advisers to private pools of capital register with the Securities and Exchange Commission (the "SEC") under the Investment Advisers Act of 1940, as amended (the "Advisers Act"). The Advisers Act was enacted to regulate the actions of investment advisers by requiring registration with the SEC. However, many Private Equity/ Venture Capital ("PE/VC") fund sponsors currently avoid registration by relying on exemptions in the Advisers Act.