In This Issue:
The latest edition of Simpson Thacher’s Registered Funds Alert discusses recent developments in the registered funds industry, including: our views in response to an SEC call for comment on expanding investor access to private company investments; a closer look at a recent development in determining whether a company is subject to the 1940 Act; and a summary and analysis of industry comment letters on the SEC’s rule proposal that would modify the registration, communications and offering rules for BDCs and registered closed-end investment companies.
Our Comment Letter on Ways to Expand Investor Access to Private Company Investments Through Registered Funds
Lyfting Our Spirits: The SEC’s Reengagement With Section 3(b)(2) of the 1940 Act May Provide an Avenue for Non-Investment Companies to Obtain Clarity About Investment Company Act Status and Reduce Compliance Costs
Key Themes From Comments on SEC Proposals Regarding Securities Offering Reforms for Business Development Companies and Closed-End Investment Companies
Notable Transactions: Q2 & Q3 2019
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