S&K briefing: recent SEC proposals to impact private equity funds

On 9 March 2022, Seward & Kissel, our alliance firm for hedge fund and asset management work, published an article on the Securities and Exchange Commission’s (the SEC) proposed new rules.

Seward & Kissel consider that these would dramatically and fundamentally alter the regulation of private fund advisers.

The article summarises each of the material rule proposals that are of particular relevance to private equity funds (given their typical structures and methods of operation):

• form PF reporting frequency for certain events;

• large private equity adviser reporting threshold;

• large private equity adviser information to be reported;

• private fund adviser prohibited activities;

• preferential treatment;

• adviser-led secondaries; and

• quarterly statement from registered investment advisers;

  1) The fund table.
  2) The portfolio investment table.
  3) Performance Reporting.

For more information, please contact Devarshi Saksena, Sarah Crabb or Lucian Firth or speak to an attorney at Seward & Kissel.