In this update, we take high-level review of major issues faced by private fund managers investing across the globe. In August and September, private fund managers with U.S. investors faced the broadest expansion of SEC regulation since Dodd-Frank, while European managers worked through the details of ESG reporting. Enforcement continued to be laser-focused on digital assets (but courts didn’t always agree with them), Finfluencers, custody and marketing, while new employment and privacy requirements raised unique issues for asset managers.
Shusmita Chowdhury is a partner in Baker McKenzie's Transactional Practice Group, based in Chicago. Shusmita regularly advises sponsors on all matters related to the formation and ongoing operations of a range of fund products and also regularly advises sovereign wealth funds, pension funds and other institutional investors on all matters related to their investments in private funds; including traditional private equity buyout funds, real estate funds, infrastructure and hedge funds, secondary transactions and customized investment vehicles such as funds-of-one, co-investments and other special purpose vehicles.