SEC Adopts Significant New Rules Impacting Private Fund Advisers: Client Alert Digest

Summary

This client alert discusses a new set of rules and rule amendments applicable to investment advisers under the Investment Advisers Act of 1940 (the New Rules). These rules focus on private fund advisers and are expected to significantly impact the private fund advisory industry by increasing transparency and compliance requirements. This client alert digest includes links to the text of the New Rules on the SEC's website, law firm client alerts and memoranda discussing the New Rules and their implications, and related content in Practical Guidance.