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David Blass Quoted in The Wall Street Journal on New Form PF Requirements
05.04.23
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Partner David Blass was quoted in a Wall Street Journal article titled, “SEC Requires Private-Equity Firms to Report Adviser-Led Secondary Deals,” which detailed how, under new SEC rules, the amount of information that managers of private funds such as buyout vehicles and hedge funds have to disclose in Form PF reports to regulators will be expanded. David noted that the combined effect of all the new rules proposed for asset managers could present a challenge. He further explained that the SEC softened the final rules from the draft of the proposal unveiled early last year, and that those draft rules would have required private equity managers to report some events within a day of their occurrence, rather than quarterly.
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