Insights from a recent LawFlash authored by partners Christine Lombardo and Joseph Zargari and of counsel Sarah Riddell were cited in a Mergers & Acquisitions article discussing the proposed Securities and Exchange Commission rule changes and the potential challenges facing the private equity industry.
“Not only would the current report obligations under the proposed amendments to form PF impose new, burdensome compliance monitoring and reporting obligations on the private fund industry, but the investor reporting proposal would cause advisers to rethink how they charge funds for certain fees and expenses and how they report to investors,” they wrote.