Twenty-Fourth Annual Private Equity Forum

What You Will Learn

After completing this program, participants will be able to:

• Better understand the private equity fund terms most lawyers encounter in today’s industry
• Develop best practices for providing guidance to clients based on the recent ESG and sustainability developments seen in private funds
• Plan ahead to facilitate GP-led secondaries down the road
• Implement diversity and inclusion initiatives within the private equity industry
• Develop best practices based on the trends identified in the SEC’s exam developments over the past year
• Recall sources of lawyers’ ethical obligations and professional responsibilities and their application to electronic data and communication
• Gain insight on how private equity firms structure their upper-tier arrangements

Program Level: Overview 

Prerequisites: None

Advanced Preparation: None

Segments with an asterisk (*) are available only with the purchase of the entire program.

• Opening Remarks* [00:07:09]
  Lindsey L. Wiersma, Lori J. Forlano
• Fund Terms and Investor Relations for Lawyers [01:31:24]
  Victoria S. Forrester, Jamal Fulton, Jane Cai, Jeremy R. Berry
• ESG, Sustainability, and Social Impact Funds Through the Private Equity Lens [01:01:32]
  Abrielle H. Rosenthal, Anna Rips, Lorraine Johnston, Betty Moy Huber
• GP-Led Secondaries in the Private Equity Marketplace [00:59:25]
  Stephanie E. Srulowitz, Christopher C. Robinson, Daniel Schuster
• Diversity in the Private Equity Industry: Do’s, Don’ts, and Investor Considerations [00:58:36]
  Richard Rabin, Sarah A. Mudho, Brandon R. Mita, Heather Glatter
• Tools for Private Equity Funds in a Slowing Economy [01:06:51]
  Lindsey L. Wiersma, August Sangese, Giulianna K.. Ruiz, Ross A. Oliver
• SEC Regulatory Developments in the Private Equity Industry [01:29:40]
  James M. Leahy, Sheena Paul, Ken C. Joseph, Justin L. Browder
• Upper-Tier Considerations [00:58:51]
  Amanda N. Persaud, Cynthia A. Marian, Sijia Cai
• Cybersecurity, Privacy and Data Protection Ethics Issues in Private Equity [01:10:14]
  Jeffrey Gorton, Ira Kustin, Katherine Doty Hanniford, Ryan Krebs

The purchase price of this Web Program includes the following articles from the Course Handbook available online:

• Complete Course Handbook
• Paul, Weiss, Rifkind, Wharton & Garrison LLP, Client Memorandum, SEC Proposes Series of Rules Affecting Private Fund Advisers (February 10, 2022)
  Lindsey L. Wiersma
• Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews, 17 CFR Part 275, 87 Fed. Reg. 16886 (February 9, 2022)
  Lindsey L. Wiersma,Lori J. Forlano
• U.S. Securities and Exchange Commission, Gary Gensler, Chair, Speech Before the Exchequer Club of Washington, D.C., “Dynamic Regulation for a Dynamic Society,” Washington, D.C. (January 19, 2022)
  Lindsey L. Wiersma,Lori J. Forlano
• Paul, Weiss, Rifkind, Wharton & Garrison LLP, Client Memorandum, SEC Approves Nasdaq Board Diversity Requirements (August 9, 2021)
  Lindsey L. Wiersma
• Skadden Arps Slate Meagher & Flom LLP, Investment Management Alert, UK Labeling Rules for ‘Sustainable’ Investment Products Will Soon Be Finalised (March 1, 2023)
  Anna Rips
• Ropes & Gray LLP, Alert, Department of Labor’s ESG Rule Attacked on Multiple Fronts (February 9, 2023)
  Amanda N. Persaud
• U.S. Securities and Exchange Commission, Press Release, SEC Charges Goldman Sachs Asset Management for Failing to Follow Its Policies and Procedures Involving ESG Investments (November 22, 2022)
  Lindsey L. Wiersma,Lori J. Forlano
• Paul, Weiss, Rifkind, Wharton & Garrison LLP, Client Memorandum, SEC Proposes Amendments to Form ADV Regarding Investment Advisers’ ESG Practices (May 27, 2022)
  Lindsey L. Wiersma
• Paul, Weiss, Rifkind, Wharton & Garrison LLP, A Guide to the SEC’s Proposed Climate Disclosure Requirements (April 2022)
  Lindsey L. Wiersma
• Fadi G. Samman, Krishna R. Skandakumar and Amanda Amelia Butler-Jones, Akin Gump Strauss Hauer & Feld LLP, Managing and Mitigating Conflicts of Interests in GP-led Transactions (November 2, 2022)
  Richard Rabin
• Alyesha Dotson, Littler Mendelson P.C., Insight, Littler Lightbulb: Highlighting 25 Tips in Recruiting a Diverse Workforce (October 17, 2022)
  Britney Noelle Torres
• U.S. Securities and Exchange Commission, Diversity Assessment Report for Entities Regulated by the SEC
  Lindsey L. Wiersma,Lori J. Forlano
• Sarah R. Davidoff, Adam B. Frankel and Amran Hussein, Diversity and Inclusion in the Private Equity Industry—Case Law Analysis
  Amran Hussein
• Ricci v. DeStefano, 557 U.S. 557 (2009)
  Lindsey L. Wiersma,Lori J. Forlano
• United Steelworkers of America v. Weber, 443 U.S. 193 (1979)
  Lindsey L. Wiersma,Lori J. Forlano
• Johnson v. Transportation Agency, 480 U.S. 616 (1987)
  Lindsey L. Wiersma,Lori J. Forlano
• Johnson v. Transportation Agency, Santa Clara County, California , et al., 480 U.S. 616 (1987)
  Lindsey L. Wiersma,Lori J. Forlano
• Paul, Weiss, Rifkind, Wharton & Garrison LLP, Private Equity Digest, Mind the Gap (in Interest Alignment): Potential Issues in Portfolio Company Sales (January 2023)
  Lindsey L. Wiersma
• Paul, Weiss, Rifkind, Wharton & Garrison LLP, PE Fundraising at a Glance—Fourth Quarter 2022
  Lindsey L. Wiersma
• U.S. Securities and Exchange Commission, Gary Gensler, Chair, Remarks Before the Practising Law Institute’s 54th Annual Institute on Securities Regulation, “This Law and Its Effective Administration," Washington, D.C. (November 2, 2022)
  Lindsey L. Wiersma,Lori J. Forlano
• John M. Caccia, Anna Rips, Greg P. Norman and Andrew Nichol, Skadden Arps Slate Meagher & Flom LLP, Corporate Sponsorship of Private Funds as an Integrated Asset Finance Platform
  Anna Rips
• U.S. Securities and Exchange Commission, Press Release, SEC Division of Examinations Announces 2023 Priorities (February 7, 2023)
  Lindsey L. Wiersma,Lori J. Forlano
• U.S. Securities and Exchange Commission, Marketing Compliance Frequently Asked Questions (Updated January 11, 2023)
  Lindsey L. Wiersma,Lori J. Forlano
• Ken C. Joseph, Betty Valouktzis and Anna Povinelli, Kroll, LLC, Net Performance: Compliance with the SEC’s New Marketing Rule (November 1, 2022)
  Ken C. Joseph
• Anna Povinelli, Ken C. Joseph and Betty Valouktzis, Kroll, LLC, Compliance Impacts of the SEC’s New Marketing Rule (August 17, 2022)
  Ken C. Joseph
• Ropes & Gray, Alert, Updated Interest Deductibility Guidance Released by the IRS under Section 163(j) (August 28, 2020)
  Amanda N. Persaud
• Ropes & Gray, Investing in Tax Receivable Agreements (July 11, 2018)
  Amanda N. Persaud
• Jacqueline W. Cooney and Brianne B. Powers, Paul Hastings LLP, An Overview of the Current State-Based Privacy Legislation (February 25, 2022)
  Ira Kustin
• Paul Hastings LLP, SEC Proposed Cybersecurity Rules—What They Are and What Our Clients Should Be Doing Now
  Ira Kustin

Presentation Material

• HANDOUT: Paul Weiss, PE Fundraising at a Glance
  Victoria S. Forrester
• An Overview of GP-Led Secondary Transactions & Continuation Funds
  Christopher C. Robinson, Daniel Schuster, Stephanie E. Srulowitz
• HANDOUT: Sample Examination Information Request List
  James M. Leahy
• HANDOUT: Investment Adviser Marketing SEC Release No. IA-5653 (the "Release")
  James M. Leahy
• HANDOUT: Orical LLC, Investment Adviser Conflict of Interest Considerations
  James M. Leahy
• HANDOUT: Fiscal Year 2022 Insider Trading Cases: A Brief Synopsis
  James M. Leahy
• HANDOUT: A Brief Timeline of Certain Significant Legal, Legislative and Regulatory Developments Concerning Insider Trading
  James M. Leahy
• Cybersecurity, Privacy and Data Protection Ethics Issues in Private Equity
  Jason Elmer, Jeffrey Gorton, Katherine Doty Hanniford, Ira Kustin

Why You Should Attend

The Twenty-Fourth Annual Private Equity Forum will examine the prevailing issues and trends faced by attorneys working with private equity funds and their fund portfolios. A diverse faculty of experts will address a broad range of topics most relevant to today’s market and the biggest questions brought forth by clients in the private equity industry.

This day and a half program features an in-depth review of private equity fund terms and investor relations issues, the roles ESG and sustainability have played and what the regulatory landscape for social impact funds looks like here and abroad, what issues arise when working with either GP-led secondaries and Upper-Tier structures. Unique to the Private Equity Forum this year are panel discussions on the diversity, inclusion and elimination of bias in the legal profession, legal ethics considerations when handling electronic data and communication, and the examination of tried-and-true tools private equity funds have at their disposal when facing challenges from a slowing economy.

What You Will Learn

After completing this program, participants will be able to:

• Better understand the private equity fund terms most lawyers encounter in today’s industry
• Develop best practices for providing guidance to clients based on the recent ESG and sustainability developments seen in private funds
• Plan ahead to facilitate GP-led secondaries down the road
• Implement diversity and inclusion initiatives within the private equity industry
• Develop best practices based on the trends identified in the SEC’s exam developments over the past year
• Recall sources of lawyers’ ethical obligations and professional responsibilities and their application to electronic data and communication
• Gain insight on how private equity firms structure their upper-tier arrangements

Who Should Attend

Attorneys in securities or corporate practice, in house counsel, private equity or venture capital investors, principal investment professionals, and other professionals involved in the fund-raising and financing business. 

Program Level: Overview 

Prerequisites: None

Advanced Preparation: None