Goodwin Procter Issues Client Alert on U.S. Senate Version of Private Fund Investment Advisers Registration Act of 2009

Goodwin Procter’s Private Investment Funds and Hedge Funds Practices issued a Client Alert discussing the private equity adviser and venture capital adviser exemptions included in the private adviser registration component of the discussion draft of Senator Dodd’s Restoring American Financial Stability Act of 2009. The Client Alert contrasts the Dodd bill’s proposed exemptions with those included in legislation proposed by the Obama Administration and legislation approved by the House Financial Services Committee, in addition to discussing other aspects of the Dodd bill.