United States: Fund Management/ REITs

The Coalition for Modern Retirement Solutions submitted a comprehensive comment letter to the Department of Labor regarding proposed fiduciary duties in selecting retirement plan investments. The letter advocates for an asset-neutral, process-based approach while providing detailed recommendations to protect plan fiduciaries from hindsight-driven litigation and enable broader investment options for participants.

Private credit markets in the United States have ballooned to nearly $2 trillion, but mounting redemption pressures and portfolio stress are triggering a wave of litigation against business development companies, fund managers, and service providers. As publicly traded BDCs trade at steep discounts and redemption caps tighten, stakeholders face exposure across securities fraud, fiduciary duty breaches, valuation disputes, and bankruptcy-related claims that will reshape the legal landscape of this rapidly ev

As artificial intelligence drives unprecedented demand for data centers, power availability has emerged as the critical bottleneck constraining asset value and investment returns.

The Securities and Exchange Commission (SEC) has raised the dollar thresholds for “qualified client” status under Rule 205-3 of the Investment Advisers Act of 1940 (Advisers Act).

The U.S. Securities and Exchange Commission has raised the financial thresholds that determine which clients qualify for performance-based fee arrangements under the Investment Advisers Act.

The SEC has proposed two complementary rule packages that would fundamentally restructure the U.S. securities offering and reporting disclosure framework. Most significantly, one proposal would preempt state securities law registration requirements for registered offerings, which would be pivotal for non-traded business development companies.

The SEC and CFTC have jointly proposed sweeping amendments to Form PF that would dramatically reduce compliance burdens for private fund advisers by raising filing thresholds from $150 million...

On April 15, 2026, The Nasdaq Stock Market LLC (Nasdaq) filed a proposed rule change (SR-NASDAQ-2026-033) with the U.S. Securities and Exchange Commission (the SEC) to increase initial listing requirements...

On April 27, 2026, the staff of the SEC’s Division of Investment Management (the “Staff”) issued a no-action letter (the “Letter”) that expands the availability of co-investment relief under the Investment Company...