Monday, February 14, 2022 | 12:00 pm – 1:00 pm
Adam Felsenthal
General Counsel, Great Point Partners LLCProgram Co-Chair:
Scott Gluck
Duane Morris LLP
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The 2010 Dodd-Frank Act generally required advisers to private equity and hedge funds to register with the SEC, but exempted advisers to venture capital funds from similar regulation regardless of the firm’s size and assets. Recently, many venture capital firms have chosen to voluntarily register with the SEC as an investment adviser, thereby voluntarily subjecting themselves to significant regulation and oversight. Our expert panel will explore this trend as well as the current regulatory environment, including:
- Why VC firms are voluntarily registering
- Details on the VC exemption and potential changes to the exemption by the SEC
- Investor perspectives
- The regulatory environment and likelihood of additional scrutiny being placed on VC advisers
- The registration process, and steps venture capital firms and other investment advisers can take to stay ahead of potential regulatory changes
- Specific issues unique to VC firms when becoming a registered adviser
Program Fee:
$49 for Members | $99 for NonmembersMembers who are Law Students, Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2020-2022), In-House/Corporate Counsel, Judges, and attorneys who practice within the Government, Academic or Not-for-Profit sectors attend this program for free.
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Moderator:
Alpa U. Patel
Kirkland & Ellis LLPOded Cedar
Chief Compliance Officer
SBLA Advisers Corp. (Softbank Affiliate)Lawrence Pace
Senior Counsel
Division of Investment Management, SECRobert McGrail
Head of Legal and Compliance
DUMAC (Duke Endowment)Igor Rozenblit
Managing Partner, Iron Road Partners
Former Co-Head, Private Funds Unit
SEC, Office of Compliance Inspections and Examinations -
12:00pm – 12:10pm
Introduction12:10pm – 12:20pm
History/Regulation Behind VC Exemption and ERA Status12:20pm – 12:30pm
VC Market, Situations VC Firms Register as Full or Exempt Reporting Advisers, and Recent Increase Decisions by VC Firms to Voluntarily Register12:30pm – 12:40pm
Reasons Behind Switch (Investor Demand, Flexibility in Structuring)12:40pm – 12:50pm
Potential Regulatory Changes12:50pm – 1:00pm
Q&A -
New York: 1.0 Professional Practice
New Jersey: 1.0 General
California: 1.0 General
Pennsylvania: TBD
Connecticut: Available to Licensed Attorneys -
Sponsoring Association Committees:
Compliance, Patrick T. Campbell, ChairSponsorship Opportunities are Available! Please Contact:
Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org