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The Importance of Complying with Private Fund Documents for Affiliate Transactions

Private fund advisers continually balance their ongoing responsibility to ensure that the funds they advise comply with such funds’ governing documents and their responsibility to ensure their own compliance with applicable...more

The SEC and Management Fee Offset and Step-down Enforcement Actions–Not Without Warning

As we previously wrote, the Securities and Exchange Commission (the “SEC”) proposed several rules that would impose additional requirements on private fund managers (“Managers”), many of which relate to various types of...more

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