Fund Formation

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On March 12, 2025, the SEC’s Division of Corporation Finance (the “Division”) issued a No Action Letter regarding the verification of accredited investor status for potential investors in a Rule 506(c) offering under Regulation D which may streamline verification requirements in such offerings.

Rule 506(c) under Regulation D broadly permits issuers to solicit and generally…

While the Philadelphia Eagles’ decisive 40-22 win over the Kansas City Chiefs in Super Bowl LIX is still grabbing headlines, the biggest winner of this year’s Big Game wasn’t a team — it was the National Football League (NFL) itself. Thanks to the recent adoption of a game-changing private equity rule, the NFL is set…