The US regulator’s spotlight on ‘Main Street investors’ means private funds enforcement will focus on retail investors with access to non-public investments, according to the law firm.
Limited partners are acting to preserve their individual interests and make clear they do not represent the LPs collectively in a fund, a conference has heard.
The management team of the firm, which started up a secondaries advisory business last year, will maintain its equity stake and continue in their current roles.
The acquisition of Arle Capital Partners by a distressed legacy specialist is the latest in an almost decade-old attempt to salvage the UK investor’s legacy portfolio, sister publication PEI reports.