New Private Fund Reporting Requirements

Investment management partner Jeff Blumberg participated in the NSCP West Coast Labs designed to provide real life application through hands-on learning activities. Blumberg’s session was titled, “New Private Fund Reporting Requirements.”

In his session Blumberg discussed the SEC’s push to foster greater disclosure to investors with the Private Fund Adviser Rule and explored the new quarterly statement requirements for Private Funds, including the role of SaaS providers and vendors in meeting the new requirements. They also examined the SEC’s objective of a standardized approach for reporting fund fees, expenses, and performance as well as the intersection of requirements for performance presentations under the Private Fund Rule and the Marketing Rule.