Peter R. Matejcak

Jun 6, 2024 | lexology.com | Shusmita Chowdhury |Karl Paulson Egbert |David Lee |Addison Braendel |Daniel Cullen |Peter R. Matejcak | +3 more

In briefOn 5 June 2024, the United States Court of Appeals for the Fifth Circuit vacated the Private Fund Adviser rule ("Rule") in its entirety on the grounds that the SEC, in enacting the Rule, had exceeded its statutory authority. The Rule was adopted by the SEC in August 2023 and would have fundamentally changed the regulatory landscape for private equity funds and their investors.