Securities and Exchange Commission SEC compliance with amended Rule 206 Marketing Rule became mandatory for all investment advisers registered with the Securities and Exchange Commission
Over the years, the SEC and its staff have expressed several different concerns potentially arising under GP-led secondary transactions implicating the duty of care and the duty of loyalty.
Collapse of Silicon Valley Bank proved it really was the bank for venture capital. Entry of SVB into receivership on March 10, 2023 highlighted central had become to venture capital, providing deposit and credit facilities not just to asset managers, portfolio companies, investors.