Legal, Compliance & Risk
CTA filings: About a third of firms doing in-house, with nearly half tasking their Legal teams with completion
April 24, 2024: About a third of firms are doing CTA filings in-house, with nearly half tasking their Legal teams with completion, NAREIM members shared during the Legal, Compliance & Risk virtual meeting.
Enforce penalties for texting, especially among deal and IR teams
Nov 10, 2023: Managers need to train teams "like there’s no tomorrow” and start enforcing penalties for texting and other off-channel conversations. Every GP has to sit up and pay attention or face potential SEC action, NAREIM's Legal, Compliance & Risk meeting heard.
Managers will have to open data rooms, disclose all fee breaks to all LPs
Nov 10, 2023: Managers could soon have to open their data rooms to every investor – and reveal every fee break given to any LP – under the SEC’s new private funds rules. The impact? LPs may delay committing until a second close. Read the key takeaways from NAREIM’s Legal, Compliance & Risk meeting.