A new batch of SEC reporting and transparency requirements “scares the hell out” out of private equity funds, but an 83-year-old exemption may mean oil and gas funds are off the hook.
With its proposal, the SEC is effectively implying that institutional investors, despite their fiduciary duties and legal representation, regularly agree to fund terms they do not understand and thus must be protected like retail investors.
6 Ideas For Innovating Private Equity Fund Terms | Vinson & Elkins LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.