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 Dodd-Frank repealed certain exemptions for private fund advisers and enhanced regulatory oversight of the private fund industry.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 possible future developments.