As described in our Client Alert of June 30, 2011 titled "SEC Adopts New Advisers Act Rules and Implements Registration Exemption" (click here to view), many private fund managers will be required to register under the U.S. Investment Advisers Act of 1940 by March 30, 2012.
A key exemption from registration is available to fund managers who advise solely venture capital funds (the "VCF Exemption"). To supplement our June 30, 2011 Client Alert, we have prepared a video presentation specifically focused upon the VCF Exemption (click here to view). We hope you find it useful.
We are offering CLE credit for watching this presentation. Goodwin Procter is an accredited provider in New York and California only. For attorneys admitted in other jurisdictions, refer to your local CLE rules to determine whether you may apply these credits toward your requirement.