News & Analysis as of

New Guidance Private Funds Investors

Vedder Price

SEC Staff No-Action Letter Allows Issuers to Rely on High Minimum Investment Amounts to Verify Purchasers in Rule 506(c) Offerings

Vedder Price on

On March 12, 2025, the staff of the Securities and Exchange Commission (“SEC”) issued no-action guidance providing that certain minimum investment amounts, along with certain written representations from the purchaser, could...more

Robinson Bradshaw

Takeaways from ILPA’s NAV Loan Guidance

Robinson Bradshaw on

The differing waiver rules governing the fragile attorney-client privilege and the robust work product doctrine protection predictably create stark differences when family members communicate with each other. This type of...more

White & Case LLP

ILPA Publishes NAV-Based Facilities Guidance for Limited Partners and General Partners

White & Case LLP on

The Institutional Limited Partners Association (ILPA), a trade group for institutional investors in the private equity industry, recently published guidance for LPs and GPs concerning fund-level NAV facilities. See here for...more

Goodwin

ILPA Publishes Guidance on Continuation Funds

Goodwin on

The Institutional Limited Partners Association (ILPA) has recently issued new guidance on continuation funds for the private funds industry, following its 2019 guidance on GP-led Secondary Fund Restructurings. ...more

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