Private Funds and Securities

Fundraising, SEC exam priorities, the Marketing Rule, alternative data, SPACs, and takeover defenses.

5:14

Brief

Private Equity Fundraising Mistakes

General solicitation, accredited investors, and the media missteps that can stall a private fund raise.

3:41

Brief

Legally, what makes private equity different?

The securities law exemptions that let private equity funds raise money and operate outside SEC registration.

20:15

Brief

New SEC Marketing Rule explained

What counts as an advertisement, the general prohibitions, performance rules, and paid promoters.

3:52

Brief

The 2020 SEC Examination Priorities Relevant to Private Funds

Compliance culture, MNPI, conflicts, fees, and data security: what SEC examiners targeted in 2020.

10:55

Brief

SEC 2022 Risk Alert for Private Funds

LPAC consents, fee step-downs, recycling, marketing, due diligence, and hedge clauses in SEC exams.

11:51

Brief

When is alt data illegal?

When alt data becomes MNPI, the App Annie case, web scraping, and the SEC policies rule for funds.

11:23

Brief

SPACs – Trends and Structure after Tontine

How SPACs work, why Pershing Square Tontine broke from the standard sponsor deal, and SPACs vs. IPOs.

5:26

Brief

The Poison Pill Explained

How a shareholder rights plan dilutes a hostile bidder, how fast a board can adopt one, and why pills exist.