California Corporate & Securities Law

Last August, the Securities and Exchange Commission adopted amendments to Form ADV, the form used by investment advisers to register with the SEC and with the states. Included in these amendments were changes to allow multiple private fund adviser...

In a previous post, I began to delve into the question of what is a "real estate fund".  See SEC Staff Reports On “Real Estate Funds”, But What Exactly Are They? As noted in that post, a "real estate fund" as defined in Form PF cannot be a company...

Yesterday, the SEC staff announced that it had published a suite of new data and analyses of private fund statistics and trends. These data include information with respect to "real estate funds". But what exactly is a "real estate fund"? The answer...