The SEC adopted private fund reforms on August 23, 2023, including prohibitions and restrictions on providing preferential treatment to investors. In the second of our four-part webinar series, asset management partners Joel Wattenbarger, Jessica Marlin and Marc Biamonte dove into the details of the preferential treatment rule.
The preferential treatment rule’s prohibitions on certain preferential redemption terms and information rights and its disclosure obligations with respect to all other preferential treatment apply to all private fund advisers (i.e., registered and unregistered advisers) and include both liquid funds and illiquid funds.
To learn more about the rule and its impact, watch the webinar here. Two additional webinars will take a deeper dive into restricted activities and new reporting requirements.
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