Securities Act of 1933 and Securities Exchange Act of 1934: Core federal securities laws governing securities offerings, registration requirements, and anti-fraud provisions. Key for private placement regulations and investor communications.
Investment Company Act and Investment Advisers Act of 1940: Regulations governing investment companies, fund advisers, registration requirements, and fiduciary duties to investors.
Dodd-Frank Act: Post-2008 financial reform legislation affecting private equity funds, including registration requirements and reporting obligations for larger funds.
Internal Revenue Code and Partnership Tax Provisions: Federal tax laws affecting fund structure, distributions, carried interest taxation, and investor tax reporting requirements.
FATCA: Foreign Account Tax Compliance Act requirements for foreign investor reporting and withholding obligations.
ERISA: Employee Retirement Income Security Act regulations when accepting pension fund investments, including fiduciary responsibilities and prohibited transaction rules.
Delaware Limited Partnership Act: State law governing formation and operation of limited partnerships, commonly used for private equity fund structures.
AML Regulations: Anti-Money Laundering requirements under Bank Secrecy Act and USA PATRIOT Act, including investor screening and reporting obligations.
SEC Regulation D: Private placement rules governing fund offering and investor qualification requirements.
Blue Sky Laws: State-specific securities regulations affecting fund registration and investor protection requirements.
AIFMD: Alternative Investment Fund Managers Directive considerations when seeking European investors.
Commodity Exchange Act: Regulations affecting funds investing in commodities or derivatives, including CFTC oversight.
Privacy Laws: Gramm-Leach-Bliley Act and state privacy laws governing protection and handling of investor information.
