PODCAST

Big changes coming for private funds

The SEC just announced a new rule proposal for private fund advisers. If enacted, what does it mean for the industry? What are the main changes?


Podcast overview

In this episode of Talking Asset Management with KPMG, Matt Giordano, deputy practice leader for the KPMG Public Investment Management practice, and Sean McKee, national leader for the KPMG Public Investment Management practice, talk about the new U.S. Securities and Exchange Commission’s (SEC) rule proposal for private fund advisers.

The proposal focuses on five provisions:

  1. Quarterly statements
  2. Mandatory private fund audits
  3. Adviser-led secondary transaction fairness opinion
  4. Prohibited items
  5. Annual review of adviser compliance programs

Speakers

Matt Giordano

Matt Giordano

Partner, Audit, KPMG US

Sean McKee

Sean McKee

Partner, Audit, KPMG US