In the first installment of our new series, the Carta policy team takes a look at the issues, the dynamics, the flashpoints, and the moments to watch in a tumultuous year.

Learn the key differences between the exemptions for private funds offered by Section 3(c)(1) and Section 3(c)(7) of the Investment Company Act.

Carta’s venture capital regulatory playbook gives fund managers a comprehensive guide to the current state of private market regulation.

Learn about venture capital tax treatment—and what LPs expect from your fund during tax season.

Trump fires FTC commissioners, testing executive power. SEC eases Marketing compliance for private funds and continues to take steps toward crypto policy framework.

Here’s what to expect from Congress and the new administration in 2025 and how the policy agenda will impact the innovation ecosystem—private equity, venture capital, and the startups and small businesses they support.