Skip to main content

The SEC’s New Private Fund Adviser Rule: What Fund Managers Need to Know Now

The SEC’s newly adopted Private Fund Adviser Rule represents the most significant shift in SEC regulation of private funds since the implementation of Dodd-Frank. Its wide-ranging requirements affect managers across a range of alternative asset classes.

Watch as they discuss key features of the rule, including:

  • Significant restrictions on side letters, fund expenses and co-investment fees;
  • Regulation regarding GP clawback arrangements and GP-led secondaries; and
  • Significant standardized quarterly investor reporting.

Watch as they discuss the rule and the next steps that managers will need to take.


*Please note – to request a copy of the presentation slides you must be registered. For all inquiries, please email


Oct 12 2023


3:00 pm - 4:00 pm


  • Deb You
    Deb You
    Associate, Baker McKenzie

    Deborah “Deb” You is an associate in Baker McKenzie’s Washington, DC Office, as a member of the Firm’s Global Transactional Practice Group and Global Funds Group. Deb began her career with the Firm as a summer associate in the DC office.

    Actively involved in the Firm’s Inclusion & Diversity Initiatives, Deb previously served as the DC Office Chair of the Baker Asian Lawyers Network (BALN), and currently serves as the North America Co-Chair of BALN.

    Deb also regularly participates in pro-bono projects including serving as a member of a core team with respect to global child justice social advocacy initiatives.

  • Gina Gombar
    Gina Gombar
    VP, Government Affairs and Associate General Counsel, IPA
  • Kameron Hillstrom
    Kameron Hillstrom
    Associate, Baker McKenzie

    Kameron is an associate with the Transactional Practice Group in the Baker McKenzie DC office. He has significant experience in US Regulatory issues related to fund structure/formation, derivatives, marketing, registration, and compliance requirements for US-based and Non-US-based advisers. Prior to joining Baker McKenzie, Kameron was an assistant general counsel with a trade association focused on state securities laws and the regulation of investment advisers.

  • Karl Egbert
    Karl Egbert
    Partner, Baker McKenzie

    Karl Egbert is the co-chair of the Global Investment Funds steering committee and a member of the firm’s Global Derivatives steering committee. Karl oversees a team of lawyers on a wide range of US regulatory, corporate and derivatives matters. Karl has practiced in New York, London, Hong Kong and Washington, DC, working on fund formation, derivatives matters and capital markets transactions.

    He is also an adjunct professor of Law at the Georgetown University Law Center.

  • Shusmita Chowdhury
    Shusmita Chowdhury
    Partner, Baker McKenzie

    Shusmita regularly advises sponsors on all matters related to the formation and ongoing operations of a range of fund products and also regularly advises sovereign wealth funds, pension funds and other institutional investors on all matters related to their investments in private funds; including traditional private equity buyout funds, real estate funds, infrastructure and hedge funds, secondary transactions and customized investment vehicles such as funds-of-one, co-investments and other special purpose vehicles.

  • Zlatomira Simeonova
    Zlatomira Simeonova
    Associate, Baker McKenzie

    Zlatomira Simeonova is an associate in Baker McKenzie’s transactional practice group. Her practice focuses on cross-border transactions and integration, corporate governance, derivatives and regulatory matters.