VC Law: Episode 1: SEC Proposed Rules for Private Fund Advisers

Host Gary J. Ross talks with Alpa Patel, regulatory partner at Kirkland & Ellis and the former Branch Chief of the Private Funds Branch of the SEC’s Division of Investment Management, regarding the SEC’s proposed rules for private fund advisers. The proposed rules would require, among other items, enhanced disclosures to fund investors and annual audits, as well as prohibitions on many now-standard activities and practices, such as indemnification and limitation of liability.