Private Funds

From at least 2019, ClearPath used improper hedge clauses in advisory agreements. These agreements were still active as of mid-2024 and controlled ClearPath’s relationships with ...

Galois allowed certain fund investors to redeem with less than five business days’ notice. The practice of permitting certain investors, including affiliated investors, to redeem ...

DeCaprio misrepresented to investors that the Funds were audited annually by an independent auditor

The SEC finalizes this rule that adjusts for inflation the dollar threshold used in defining a “qualifying venture capital fund”

'The time is now to start getting ready,' MorganFranklin's Howard Gutman says

Republican Commissioner sees 'tension' in rule's 'dubious assertion'

Although the firm’s compliance manual contained generic language regarding the need to promptly update its Form ADV if there is additional information required for the ...

The adviser failed to have the funds and securities of seven of those pooled investment vehicles verified by actual examination or have audits performed of ...

'Ultimately, we’re entering another 18 months where we find the devils in the details,' Dechert partner Lindsay Trapp says

Chief compliance officer pay at private companies slumped slightly last year, and a gender gap persists, a new study by an executive search firm finds. ...