Orrick is a global law firm focused on serving the technology & innovation, energy & infrastructure and finance sectors. Founded over 150 years ago, Orrick has offices in 25+ markets worldwide. Financial Times selected Orrick as the Most Innovative Law Firm in North America for three years in a row.
The Division of Investment Management of the SEC recently issued Guidance on the Exemption for Advisers to Venture Capital Funds under five different scenarios.
The Division of Investment Management of the SEC recently issued
Guidance on the Exemption for Advisers to Venture Capital Funds
under five different scenarios. The Guidance generally
provides that the fund structures or actions described will not
jeopardize the ability of advisers to rely upon the venture capital
fund adviser exemption. Guidance Update.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
