SEC Private Fund Adviser Reforms – Ontra Customer Care

On August 24, 2023, the U.S. Securities and Exchange Commission (SEC) voted 3-2 to adopt and update rules that will enhance the regulation of private fund advisers and help protect private funds investors.

Insight supports fund managers in complying with the new SEC private fund adviser rules. Check out a few examples of Insight best practices for effectively monitoring compliance and preparing for SEC exams.

Mini Series: Negotiating Side Letters

In this episode, we demonstrate how to use Insight to negotiate the best side letter terms for your firm. This video covers referencing precedent, as well as identifying, tagging, and SmartLining any preferential treatment terms.

Mini Series: Preferential Treatment Disclosures

In this episode, we demonstrate how to use Insight to distribute preferential treatment disclosures to prospective investors. We review the workflow for creating a report that outlines all preferential treatment terms, and exporting and distributing that report to potential investors.

Mini Series: Quarterly Statements and Annual Audits

In this episode, we outline how you can use Insight to increase accountability in your investor reporting process. We cover how your team can complete recurring tasks and store supporting documentation as a way to create an audit log of side letter compliance.

Mini Series: Adviser-led Secondaries

In this episode, we review how your team can use Insight to comply with critical event-based obligations. We walk through an example of creating a task to distribute a fairness or valuation opinion to relevant investors in the event of an adviser-led secondary transaction.

Mini Series: Quarterly Compliance Checks

In this episode, we cover the value of creating and reviewing quarterly compliance checks, a best practice employed by Insight customers to determine whether cross-functional teams have taken action to meet investor and regulatory obligations ahead of exams.