Popular, Investment Funds

SEC Eliminates Longstanding Limits on Registered Closed-End Funds Providing Retail Investors with Increased Access to Private...

Seward & Kissel LLP on 8/21/2025

The Securities and Exchange Commission (the “SEC”) staff recently announced that the Division of Investment Management (the “Division”) will no longer require registered closed-end funds that invest in private funds...more

Family Offices Driving Change in Private Equity: Key Trends and Investment Structures

Bennett Jones LLP on 8/20/2025

In recent years, family offices have evolved from indirect, secondary and/or background investors into highly active and influential players in the private equity space. In 2025, this shift is no longer a trend, it is a...more

Denmark's Largest Bank Maintains Climate Commitment and Divests from Over 1700 Fossil Fuel Companies

Mintz on 8/18/2025

Last week, Danske Bank--Denmark's largest bank--announced that it would no longer invest in over 1700 fossil fuel companies due to their failure to adequately prepare for climate change. Specifically, their “investment...more

The rise of private credit platforms in the Middle East: Structuring scalable lending through Cayman Island SPCs

Walkers on 8/15/2025

Private credit is no longer a niche asset class in the Middle East. Amid bank retrenchment, regulatory shifts and increasing institutional appetite for non-correlated yield, private credit has moved to the mainstream. As...more

SBIC Program updates: SBA proposes regulatory amendments related to SBIC Program

Hogan Lovells on 7/30/2025

On July 7, 2025, the U.S. Small Business Administration (SBA) issued a notice of proposed rulemaking related to SBIC Applicants and Licensees. The proposed rulemaking is open for comment until September 5, 2025. A summary of...more

Further Reform for UK Private Fund Managers: The Government’s Road Map for Growth in Financial Services

Goodwin on 7/23/2025

On 15 July 2025, Chancellor of the Exchequer Rachel Reeves delivered her Mansion House 2025 speech unveiling the Leeds Reforms, a programme for financial services reforms to drive investment and growth in the sector....more

Negotiating Economics: What are the Different Advantages of Co-Investment for GPs and LPs?

Ropes & Gray LLP on 7/16/2025

GPs are increasingly exploring formalised co-investment structures in a bid to secure management fees and carried interest. Co-investment activity has increased fivefold over the past two decades, hitting a record $33.2...more

New Option for Excess Fee Income Rebates in Private Equity Funds for Non-US and US Tax-Exempt Investors

Mintz - Tax Viewpoints on 7/14/2025

This update discusses a new and interesting development with respect to how certain non-US and US tax-exempt investors can receive a “rebate” of previously paid management fees with respect to their investments in private...more

SEC Could Broaden Path to Private Equity Fund of Funds Investment

DarrowEverett LLP on 7/14/2025

Since the enactment of the Investment Company Act 85 years ago, the asset management industry has grown from $2 billion in assets to more than $39 trillion in assets. Under existing Securities and Exchange Commission (“SEC”)...more

May – June 2025 Regulatory Round-Up

Akin Gump Strauss Hauer & Feld LLP on 7/11/2025

HM Treasury (HMT) and the Financial Conduct Authority (FCA) have launched consultations proposing a streamlined regulatory framework for UK AIFMs. The key proposals include: These reforms aim to introduce a more proportional...more

Modernization of DC Plan Investments

Groom Law Group, Chartered on 6/10/2025

There is a growing interest from the retirement industry and policymakers to modernize 401(k) and other defined contribution (“DC”) plan investments by incorporating alternative asset classes and lifetime income features. ...more

Conyers Investment Funds Report | Q1 2025

Conyers on 6/3/2025

This inaugural edition of the Conyers Investment Funds Report presents a variety of updates and insights relevant to the investment funds space in the Cayman Islands, British Virgin Islands, and Bermuda. The report provides...more

Private Equity Meets the EU Foreign Subsidies Regulation: Five Key Takeaways at the Two-Year Mark

White & Case LLP on 5/29/2025

As we approach the second anniversary of the EU Foreign Subsidies Regulation (FSR), we take stock of the latest statistics and offer practical insights for private equity (PE) sponsors. Drawing on our extensive experience...more

Recent SEC AML Enforcement Against Securities Firms Engaged in Cannabis Sector

Gordon Rees Scully Mansukhani on 5/22/2025

The evolving regulatory landscape for marijuana-related businesses poses unique compliance challenges for firms in the securities industry. The Financial Crimes Enforcement Network (“FinCEN”) continues to enforce its 2014...more

Tackling Greenwashing: Singapore's Approach and APAC's Evolving Regulatory Landscape

Latham & Watkins LLP on 5/16/2025

Singapore shows leadership in a diverse APAC market where the race is on to strengthen transparency in environmental claims and combat greenwashing....more

Texas Federal Court Allows an ERISA Fiduciary Challenge Against Alleged "ESG Investing" Without Any ESG Funds

Troutman Pepper Locke on 5/16/2025

On January 10, 2025, in Spence v. American Airlines, a federal district court in Texas ruled that American Airlines (the company) and the committee overseeing its 401(k) plans (the committee) breached their duty of loyalty...more

Why the Cayman Islands continues to be a popular jurisdiction for offshore funds

Carey Olsen on 5/14/2025

Over the past 25 years, the Cayman Islands have established themselves as a leading jurisdiction for alternative investment funds, with nearly 13,000 regulated open-ended funds and over 17,000 regulated closed-ended funds. As...more

Surprise. Nasdaq 100 survey shows demand for Nasdaq 100 fund

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on 5/13/2025

Nothing surprises me much anymore, neither should the results of the survey that a Nasdaq 100 survey supports the inclusion of Nasdaq 100 index funds....more

Navigating private credit in Türkiye

A&O Shearman on 5/8/2025

Türkiye is fast emerging as an increasingly attractive destination for private credit providers looking to deploy capital and diversify their portfolios. Despite this growing interest, relative to its size as the seventh...more

ESG in 2025: Finding the Sweet Spot in a Complex World

Proskauer - The Capital Commitment on 5/7/2025

With ESG regulation now well embedded across all major jurisdictions, the trend we see for 2025 is about increasingly sophisticated triangulation by private fund managers between the regimes that apply by default (such as...more

UK Government Targets Reform of the Investment Manager Exemption

Skadden, Arps, Slate, Meagher & Flom LLP on 5/6/2025

On 28 April 2025, the UK government published draft legislative amendments to: - Align the UK’s domestic tax rules on permanent establishments (PE) with the 2017 Organisation for Economic Co-operation and Development (OECD)...more

Doing business in the Cayman Islands guide (Legal 500)

Carey Olsen on 5/1/2025

The Cayman Islands is a common law jurisdiction, which is based on the English model. It comprises statute law and binding case precedents. English and British Commonwealth case authorities are generally persuasive, but not...more

2025 Perspectives in Private Equity: Energy

Akin Gump Strauss Hauer & Feld LLP on 4/21/2025

As an industry at the frontline of navigating a shifting policy backdrop under the new Trump administration, pre-imposition of “Independence Day” Tariffs, energy was experiencing a growth in interest from private equity...more

Pillar II in Luxembourg: What Investment Funds Need to Know

Goodwin on 4/10/2025

The implementation of the Organisation for Economic Co-operation and Development’s (OECD’s) Pillar II rules in Europe, and in the Luxembourg law on 22 December 2023 (the Pillar II Law) in particular, has been a major...more

EDGAR Next: key changes and compliance requirements for filers

A&O Shearman on 3/28/2025

The EDGAR Next system has gone live, and all filers – including public companies, investment funds, insiders, and third-party filing agents – must re-enroll in the EDGAR Next system by September 15, 2025, with the legacy...more

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