Notes from the Private Fund Compliance Forum 2018

I attended PEI Media’s Private Fund Compliance Forum 2018.

As I typically do at conferences, I typed up my notes. Many sessions asked to be off the record and I’m complying and not publishing them. Everything is “Chatham House Rule” so I don’t attribute any of my notes to any particular speaker.

Keynote Interview with David Sorkin

A discussion between the General Counsel and Chief Compliance Officer of a public company is fraught with disclosure and they asked the session be off record. The discussion was interesting and provide a great insight to the evolution of private fund compliance.

Restructuring the compliance function

My notes: Restructuring the compliance function at the Private Fund Compliance Forum 2018

SEC exams—what do they look like now?

This session was off the record. A general note is that examiners have not stopped looking at private equity firms. Many of those exams are the second time around. But the exams are shorter than they have been. In another session’s poll, it appeared that about 20% of the attendees indicated that they had not been examined.

Fees and expenses: allocation and regulation

My notes: Fees and expenses: allocation and regulation at the Private Fund Compliance Forum 2018

Assessing the influence of tax reform on private funds and portfolio companies

This session was off the record. The overall thoughts were that there are good things and bad things in the tax law. It definitely makes things more complicated.