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Lauren King Quoted in The Wall Street Journal on New SEC Proposed Private Fund Rules
02.15.22
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Funds Partner Lauren King was quoted in a Wall Street Journal article titled “Singh’s Take: SEC’s Fairness Opinion Proposal Has Downsides for Some Deals.” The article examined the SEC’s newly proposed rules concerning private fund rules, including a fairness opinion requirement in GP-led secondaries transactions and disclosure by the GP of any material business relationships they have had with the provider of such an opinion, which could increase costs in a rapidly growing area of the market for secondhand private-equity assets. Lauren explained that while it is not currently required, many firms already obtain fairness opinions in secondary deals to mitigate inherent conflicts, noting “This rule is not going to necessarily impact all GPs running GP-led processes, but it will certainly impact those GPs that were not planning to get a fairness option.”
To read the full article, please click here (subscription required).