In 2015, the SEC reached a more than $30 million settlement with a financial firm concerning allegations that more than $17 million in expenses were misallocated. The charges outlined in the SEC order were among the most significant in the private equity industry to date.
Fees and expenses, as well as the adequacy of their disclosure to fund investors, have been major areas of scrutiny for the SEC in the years following the passage of Dodd-Frank. What can firms take away from these events and what are practical implications for compliance programs moving forward?
On July 20th, Timothy Goodwin of Blue River Partners will provide insights into building and maintaining a compliant expense program. The presentation will include fee and expense disclosure, misallocation of expenses and expense shifting, and end with a Q&A session to answer your most pressing questions.
Presenter Timothy Goodwin has over 13 years of regulatory compliance, internal audit and management experience. Prior to joining Blue River Partners, Mr. Goodwin spent over six years with TPG Capital, LP, a leading global private investment firm with more than $70 billion in assets under management. He most recently served as Director of Enterprise Risk Management and Internal Audit with a focus on documenting and testing TPG’s fee and expense allocations across private equity funds and business platforms.
Blue River Partners, LLC provides a variety of outsourced solutions to Hedge Funds, Private Equity Firms, Registered and Exempt Investment Advisers (IAs), Registered Investment Companies (RICs), Commodity Pool Operators (CPOs), Fund of Funds, Family Offices, and others across the entire spectrum of structures, strategies, and asset classes.
Headquartered in Dallas, with satellite offices in Houston, New York, Chicago, and San Francisco; Blue River is predominantly comprised of experienced Attorneys and CPAs at the management level who have joined us from their prior roles as CCOs, CFOs, COOs, and General Counsel at numerous large and complex alternative and traditional investment entities.
If you missed it, you can download the webinar slides here.