Dodd-Frank and Private Equity: Then and Now

Summary

This practice note provides an overview of the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) on private equity funds and managers. Dodd-Frank significantly altered the regulatory landscape by repealing certain exemptions for private fund advisers and enhancing regulatory oversight of the private fund industry. This practice note discusses the regulatory changes that Dodd-Frank brought about in the industry, implications for private fund advisers, and recent and potential future developments.