Earlier than what has been typical in other years, on December
20, 2018, the SEC's Office of Compliance Inspections and
Examinations (OCIE) released its examination priorities for 2019
showing its continuing focus on the private funds industry.
Important for investors and private fund sponsors alike, here,
we discuss key highlights of OCIE 2019 examination priorities and
other notable areas of SEC focus. Additionally, included below are
some reminders of annual reporting obligations applicable to
private fund sponsors. Private fund sponsors and investors should
also review their partnership agreements and side letters for any
contractual obligations and reporting requirements applicable to
them.1