Policy Newsletter
April 2024
SEC Commissioner takes aim at SEC’s (lack of) engagement
With the tax bill stalled on the Hill, the outlook for a restored R&D expense provision looks bleak.
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Featured
April 2024
First Cut — State of Private Markets: Q1 2024
Valuations and round sizes rose at most stages in Q1 2024.
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Equity Education
April 2024
Equity refresh
An equity refresh grant is a stock grant issued to tenured employees. Equity refreshes help retain top performers and...
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Policy
April 2024
Private fund adviser rules
SEC’s Private Fund Adviser rules put new restrictions and requirements on registered investment advisers and exempt...
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Fundraising Files
April 2024
Pre-revenue and pre-product? No problem for founder's fundraise
Cybersecurity company Dapple Security followed up its SAFE with a priced seed round. The keys? Founder-market fit and...
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Investors
April 2024
Choosing a private equity fund administrator
Four key factors to consider when selecting a private equity fund administrator.
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Educational Essentials
April 2024
409A valuations
Learn everything you need to know about 409A valuations including what they are, when you need a valuation, valuation...
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Liquidity
April 2024
Leveraged buyout (LBO)
A leveraged buyout (LBO) is a type of M&A exit strategy. The buyer uses debt as leverage to finance a substantial...
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Policy
April 2024
Fifth Circuit ruling could curb SEC rulemaking
Industry groups have sued the SEC over its controversial Private Fund Adviser rules.
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Limited Liability Companies
March 2024
LLC distributions
LLC distributions are profits paid directly to the company’s members. Learn about tax implications for single-member...
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Equity Education
March 2024
Form 6251 and AMT
IRS Form 6251 is a worksheet that helps you determine if you owe AMT and how much. You can also calculate your...
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Policy
March 2024
How the Corporate Transparency Act impacts private funds
Many private funds and private fund advisers will be exempt from CTA reporting requirements. But some entities within a...
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