Alert December 17, 2013

Goodwin Procter Alert: SEC Provides Guidance on Exemption for Advisers to Venture Capital Funds

Goodwin Procter’s Private Investment Funds Practice issued a client alert that discusses recent guidance from the SEC staff on the extent to which a number of practices commonly used by fund advisers in the venture capital industry are permissible for advisers whose only clients are venture capital funds and that rely or intend to rely on the Venture Capital Exemption from registration under the Advisers Act.