Private Equity and Your Regulatory Compliance Counsel

Private Funds offer unique and varied opportunities in the securities industry. With these opportunities come a complicated legal minefield as to navigating the rules and regulations of operating a Private Fund.

Generally, advisers to funds either must file as an Exempt Reporting Adviser, or “ERA”, or register as an adviser to a Private Fund.

One of the most important SEC filings for advisers to private funds is the Form PF.  Form PF is required to be filed when:

  • The advisory firm is registered or required to federally register with the SEC as an investment adviser, AND
  • The advisory firm manages one or more private funds, AND
  • The advisory firm manages at least $150 million in private fund assets under management as of the last day of the most recently completed fiscal year.

The regulations governing private funds are complex and can create significant liability for advisers to private funds if they are not strictly followed, even inadvertently. Advisers are responsible for understanding the labyrinth of securities and other industry regulations that govern their business.

Jacko Law Group, PC provides guidance on the latest regulatory initiatives, compliance program tips and risk management, and provides services such as formation, completing and filing Form PF, Form D filings, blue sky filings, and drafting of private fund offering documents. 

Our goal at Jacko Law Group, PC is to provide our clients with the services that are necessary to help protect your advisory firm, your investors, and to mitigate your business and regulatory risks.

For more information, contact us at 619.298.2880 or

Leave a Reply

Your email address will not be published. Required fields are marked *