Alert October 20, 2009

Goodwin Procter Issues Client Alert on Revised Private Fund Adviser Registration Legislation with Exemption for Advisers to “Venture Capital Funds”

Goodwin Procter’s Private Investment Funds Practice issued a Client Alert discussing recent draft legislation that is nearly identical to proposed private fund adviser registration legislation released by the Obama administration in July (see the AlertJuly 21, 2009 ), except that the more recent legislation would exempt any adviser to a “venture capital fund” from its registration requirements.