The SEC and the “RIC-ification” of Private Funds

Have recent proposals foreshadowed a fundamental change to the regulation of private funds in the United States, including the alignment of private fund regulation with that of Registered Investment Companies (“RIC”) for retail distribution? According to Daryoush Niknejad, General Counsel of the Sanne Group, the proposed regulations of 2022 take a strong step in that very direction. 

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