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ARTICLE · 11 JUNE 2012

What Should Funds Expect In SEC Examinations?

Recently, the Director of the SEC Office of Compliance Inspections and Examinations (OCIE), Carlo V. di Florio, addressed the Private Equity International Private Fund Compliance Forum.

United StatesFinance and Banking

Recently, the Director of the SEC Office of Compliance Inspections and Examinations (OCIE), Carlo V. di Florio, addressed the Private Equity International Private Fund Compliance Forum on the following topics:

Data Profile of New Registrants

Di Florio reported that as of March 30, 2012, there were approximately 4,000 investment advisers managing one or more private funds registered with the SEC. 32% of all registered advisers reported that they advise at least one private fund and 7% of registered private fund advisers are domiciled in a foreign country. Registered private advisers reported that they advise nearly 31,000 private funds with total assets of $8 trillion. Of the 50 largest hedge fund advisers in the world, 48 are now registered with the SEC and fourteen of those are new registrants. Of the 50 largest private equity funds in the world, 37 are now registered with the SEC and 18 of those are new registrants.

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