Insights
Client Alert
Investment Funds & Private Capital Market Insights: Industry Groups Challenge Over Private Funds Rule
September 05, 2023
By John L. Budetti,Esther Chiang,Scott Gluck,
Ira Kustin,
& Ryan SwanOn September 1, 2023, a group of private fund industry groups filed a petition in the United States Court of Appeals for the Fifth Circuit, challenging the SEC’s recently adopted Private Funds Rule (defined below). Our initial client alert (available here), provides an overview of the new rules and amendments.