Davis Polk highlights the contractual remedies, SEC enforcement powers, and state-law claims relevant to investors in '40 Act funds.
The non-binding statement focuses on private credit and private fund valuations, including how secondary market data may inform NAV assessments.
The acquisition brings three interval funds, a BDC, and a $41 billion CLO and alternative credit business to the combined platform.
The SEC application would allow ARK-advised funds to add exchange-listed and tokenized share classes, giving investors another way to access the secondary market.
If approved, RBC BlueBay Enhanced Income Fund could invest alongside affiliated strategies spanning event-driven credit, special situations, and securitized assets.
The former Kirkland & Ellis Partner brings over a decade of experience, including advising on strategic investments in fund sponsors, minority stake sales, secondaries, and open-end fund formation.
The Evanston Multi-Alpha Fund's shareholders also approved its future conversion from a tender offer fund to a daily-NAV interval fund, expected in the first half of 2027.
The former DLA Piper Tax Partner brings experience in fund formation, GP stakes, continuation funds, and REITs.
Morgan Lewis analyzes how the SEC's latest proposal could broaden fundraising flexibility and reduce regulatory friction for alternative investment vehicles.
Joining from Paul Weiss, Schlaphoff advises on a range of private market matters, including closed-end funds, interval funds, tender offer funds, and BDCs.
