Webinar | The SEC’s Sweeping New Private Fund Rules - What Do You Need to Know? | Session 2: Considerations for U.S. Hedge Fund Managers

Last month, the SEC adopted rules that will significantly impact investment advisers to private funds. Among other things, the new rules restrict certain activities, impose new detailed quarterly reporting and add several prohibitions and disclosure requirements for side letters and expense allocations. Although some of the provisions in the February 2022 rule proposal were not adopted (e.g., the final rules do not prohibit indemnification for negligence), the new rules still present significant and onerous changes for the industry.

Please join Dechert for discussions on the key impacts of these changes and their relevance for U.S. closed-end fund managers, U.S. hedge fund managers, and non-U.S. fund managers with U.S. investors. 

Topics will include:

• Preferential treatment and the impact on side letters
• The SEC’s approach to liability standards
• Restricted activities
• Fee and expense allocations
• Quarterly statement requirements
• Compliance dates and other practical timeline considerations
• Unexpected changes

These topics will be covered in each session, with the first session focusing on U.S. closed-end fund managers, the second on U.S. hedge fund managers, and the third on non-U.S. fund managers.

This event will be simulcast as a webinar.

See more on Session 1: Considerations for Closed-End Fund Managers here.

See more on Session 3: Considerations for Non-U.S. Fund Managers here.

If you are a reporter and would like to attend this event, please contact pressteam@dechert.com.

Timing:
2:00 p.m. – 3:00 p.m. ET
11:00 a.m. – 12:00 p.m. PT

Continuing Legal Education (CLE):
Applications for accreditation of these programs for Continuing Legal Education (CLE) in California, Connecticut, Illinois and New York are currently pending.

For questions, please contact nikki.bazemore@dechert.com.