Culture Shock: Private Equity Under The Microscope

Law360, New York (January 27, 2011, 1:34 PM EST) -- The fall of 2008 shook the financial industry and dramatically changed the world around us. The summer of 2011 will similarly change the world for private equity managers.

In less than a year from now, many, if not most, private equity managers will be required to register with the U.S. Securities and Exchange Commission as investment advisers under the Investment Advisers Act of 1940. Our long experience representing regulated money managers of all sorts suggests to us that many private equity managers are culturally unprepared to...
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