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Greg Kahn and Eliza Sporn Fromberg Discuss "Private Equity Fund Managers' Dilemma" in VC Experts

Publisher: VC Experts
May 23, 2013

Corporate and Business Law attorneys Greg Kahn and Eliza Sporn Fromberg authored an article titled "The Private Equity Fund Managers' Dilemma: Register as Broker-Dealers or (Potentially) Cease Collecting Fees for 'Investment Banking Activities'?" for the May 23 edition of VC Experts. They discuss comments by the chief counsel of the SEC's Division of Trading and Markets, which suggest "that private fund managers' receipt of transaction fees in connection with the purchase, sale or recapitalization of a portfolio company, if accompanied by a securities issuance, may trigger broker-dealer status questions." Greg and Eliza write that the effect could be greatest for "private equity funds, particularly small funds, and independent sponsors" and urge early review of the issues.

The full article can be found here.

Recommended
"Drafting Lasting Business Contracts," New Jersey Institute and New Jersey State Bar Association

On March 16, Day Pitney Partner David M. Waizer will serve on the panel, "Drafting Lasting Business Contracts: Simple, Powerful Strategies That Stand the Test of Time," presented by the New Jersey Institute and the New Jersey State Bar Association.

March 16, 2021
IRS Issues Final Carried Interest Regulations
January 22, 2021

Day Pitney Advisory

New Beneficial Ownership Reporting Obligation Approved
January 13, 2021

Day Pitney Alert

LIBOR Termination May Be Postponed to 2023
December 1, 2020

Day Pitney Alert

New Jersey Economic Development Authority Promulgates New Programs to Assist Businesses Impacted by COVID-19 Outbreak
March 31, 2020

Day Pitney Alert

Day Pitney Sponsors 17th Annual Women of Innovation in Connecticut
May 10, 2021

Day Pitney Press Release

How Day Pitney Attys Guided Client's New Property Fund Deal
April 23, 2021

Partners Peter Bilfield and Eliza Fromberg were interviewed by Law360 Pulse for the feature article, "How Day Pitney Attys Guided Client's New Property Fund Deal."

Day Pitney Represents Investment Management Firm in Forming "Deal by Deal" Single Asset Real Estate Fund
April 21, 2021

Day Pitney Press Release

Day Pitney Elects Four New Partners
January 4, 2021

Day Pitney Press Release

Patricia Jimenez Elected President of Connecticut Hispanic Bar Association
June 26, 2020

Patricia "Paty" Jimenez has been elected President of the Connecticut Hispanic Bar Association (CHBA).
Related Professionals
Eliza Fromberg
Eliza Sporn Fromberg
New York, NY
T: (212) 297 5847
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