NOTE: Webinar on Volcker Rule: Last week, Venable and ACG held a webinar, "The Volcker Rule and Its Impact on Private Equity," which included an overview of the final rule, its compliance requirements, its impact on private equity funds, and exclusions to the rule, including SBICs and most BDCs. A copy of the slide deck for the presentation is here. Also, Venable's analysis of the Volcker Rule can be found here.
With Congress in recess and Winter Storm Janus blanketing the Eastern Seaboard in snow, this should be a slow week in DC. I am participating in a Washington Update panel Thursday morning at the AM&AA Winter Conference in Scottsdale, AZ, so if you are at the Conference, please stop by.
Last week the House unanimously passed H.R. 2274, which creates a simplified reporting regime for merger & acquisition brokers, while companion legislation was introduced in the Senate. If there is a JOBS Act 2.0, which is far from a given, this bill is all but certain to be included. This update reviews:
- House passage of H.R. 2274 and the introduction of S. 1923 in the Senate;
- Prequin's 2014 Global Private Equity Report, which shows the fundraising strength of large funds in 2013;
- PrivCap's briefing on top tax issues for private equity in 2014; and
- House Financial Services Committee hearing on unintended consequences of the Volcker Rule.
Please click here to read this Private Fund update in full.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
