Registered Funds Alert, October 2019
The latest edition of Simpson Thacher’s Registered Funds Alert discusses recent developments in the registered funds industry, including: our views in response to an SEC call for comment on expanding investor access to private company investments; a closer look at a recent development in determining whether a company is subject to the 1940 Act; and a summary and analysis of industry comment letters on the SEC’s rule proposal that would modify the registration, communications and offering rules for BDCs and registered closed-end investment companies.