Kevin M. Schmidt

Debevoise & Plimpton discusses Treatment of Special Purposes Vehicles under the Advisers Act

By , , , , and by

The treatment of special purposes vehicles (“SPVs”) used to facilitate investments in portfolio companies has presented issues under Rule 206(4)-2 under the U.S. Investment Advisers Act of 1940 (the “Custody Rule”) since the current version of the Custody Rule was …