Talia S. Primor

Sep 12, 2024 | jdsupra.com | Marine Bouaziz |Daniel Dewolf |Talia S. Primor

One of the challenges facing venture capital firms is how to handle investments in portfolio companies prior to the initial close (“Initial Close”) of a new fund (“New Fund”). Typically, the investment advisor (“VC Advisor”), or a person wholly owned or controlled by the VC Advisor, will make such investment, “warehouse” it, and then transfer such investment to the New Fund promptly after the Initial Close.

Oct 6, 2023 | mondaq.com | David Adams |Kari Harris |Steve Ganis |Talia S. Primor

The US Securities and Exchange Commission ("SEC") recently finalized sweeping new rules for private fund advisers (the "PFA Rules") under the Investment Advisers Act of 1940, as amended (the "Advisers Act"). The PFA Rules reflect the SEC's stated goal of bringing more transparency to private funds by mandating additional and more granular disclosures. However, they also restrict or impose substantial limitations on certain contractual provisions and industry practices.

Oct 4, 2023 | lexology.com | David Adams |Kari Harris |Steve Ganis |Talia S. Primor

The US Securities and Exchange Commission (“SEC”) recently finalized sweeping new rules for private fund advisers (the “PFA Rules”) under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). The PFA Rules reflect the SEC’s stated goal of bringing more transparency to private funds by mandating additional and more granular disclosures. However, they also restrict or impose substantial limitations on certain contractual provisions and industry practices.

Aug 10, 2023 | lexology.com | David Adams |Steve Ganis |Kari Harris |Pete Michaels |Talia S. Primor

The US Securities and Exchange Commission (“SEC”) recently proposed rules for conflicts of interest in the use of predictive data analytics or similar technologies (“PDA-like technologies”) by broker-dealers and investment advisers (the “PDA Conflicts Rules” or “proposed rules”). The proposed rules would generally require broker-dealers and investment advisers to “eliminate or neutralize the effects” of conflicts associated with the use of covered technologies in investor interactions.

Jul 31, 2023 | mondaq.com | Steve Ganis |Kari Harris |Pete Michaels |Talia S. Primor

The US Securities and Exchange Commission ("SEC") published two new rule proposals this week and has finalized two rulemakings this month, indicating that its aggressive rulemaking agenda is on track, if not ahead of schedule. Last month, the SEC set timelines for proposing 18 new rulemakings in the planning stage and finalizing 37 existing rulemaking proposals. Many rulemakings targeted a fall 2023 release date.