FUNDamentals is a periodic digest of news and information specifically for investment funds and investment advisors. In this issue, we highlight some industry trends, 401(k) access to alternative assets, fund liquidity trends (LPs acting as lenders, secondaries, and continuation funds), developments with “reverse CFIUS,” crypto, digital assets and tokenization, and the delay or withdrawal of new AML and other rules affecting private funds.

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We offer full-service counsel to private equity, venture, real estate, hedge, and registered investment funds; investment companies; small business investment companies (SBICs); and investment managers and their respective sponsors, managers, advisors, and investors on transactional and legal regulatory issues in the United States and internationally. Our team advises clients in major jurisdictions throughout the United States, Canada, Europe, and Asia.

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