Private Fund Reform Knowledge Hub

Find out what you need to know about the new Private Fund Reform Rules, what it may mean for you, and how you can begin to prepare.

Enter your email address below to receive PF Reform updates and other SEC-related news directly to your inbox.

On August 23, 2023, a divided SEC voted to adopt enhanced regulations of private fund advisers and to update the Compliance Rule for all investment advisers. The new rules include several new requirements including providing quarterly statements to fund investors; completing annual audit requirements for each private fund; and a requirement for adviser-led secondary transactions to obtain a fairness opinion or valuation opinion in connection with the transaction.

The resources below include detailed information and guidance on various aspects of the new Private Fund Reform rules. Check back often; our team of regulatory experts is constantly producing new information and guidance that may be helpful as you navigate what the new reforms may mean for you and your firm.