Regulation

What to do after a VC firm was fined $216m by the US government for allegedly doing business with a sanctioned Russian oligarch.

General counsel Deborah Carrillo makes sure that members of Menlo’s investment team understand LPs’ concerns as well as legal issues they need to be aware of as board members.

The fund's private markets-style structure 'allows us to apply a venture capital mindset to publicly traded biotech companies,' says managing partner Gaurav Aggarwal.

Under the no-action guidance letter for rule 506(c), funds will be allowed to assume that investors who can write a check to cover the minimum standards for accreditation meet the statute’s wealth thresholds.

With market watchdogs looking more closely at private asset pricing, affiliate title Private Equity International spoke to managers of semi-liquid funds about their valuation methods.

The final rule applies not only to employment agreements but also to equity-based restrictive covenant agreements with employee equity holders, which would be thrown out unless they relate to a third-party sale.

A recent settlement likely means the SEC is already investigating private funds – including VCs that are Registered Investment Advisers – for compliance breaches related to off-channel communications.

The industry has long fought off attempts at this kind of regulation, but many seem to accept it as inevitable, if not necessary.

With two major rule packages pending, SEC presses firms on how they are managing cyber-risks.

The SEC's new private funds rules aren’t as draconian as some anticipated, but they still represent a significant change from business as usual. Here is what you need to know.