Key Compliance Issues for Private Fund Advisers


Webinar: Key Compliance Issues for Private Fund Advisers

Wednesday, May 22, 2013, 1:00 pm - 2:15 pm ET


  • Mark Perlow, Partner, K&L Gates LLP
  • Maryellen Maurer, Deputy CCO, TPG Global LLC
  • Alpa Patel, Senior Counsel, Private Funds Branch, Office of Investment Adviser Regulation, Division of Investment Management, U.S. Securities and Exchange Commission
  • Monique S. Botkin, Assistant General Counsel, IAA (Session Moderator)

Topics Covered

Advisers to private funds, including hedge funds and private equity funds, face complex compliance challenges in complying with the Investment Advisers Act and other federal securities laws. This webinar will focus on key compliance issues for private fund advisers, including:

  • How to implement the new Form PF filing requirement
  • How to prepare for a SEC “presence exam” focused on private fund advisers
  • Ways to address unique private fund issues, including portfolio management and side-by-side management, valuation, performance advertising, custody, conflicts of interest and disclosure, fees and expenses, investment and trade allocation, side letters, side pockets, recordkeeping requirements, and monitoring and testing the compliance program
  • The SEC's potential new JOBS Act rule that would eliminate the general solicitation and advertising ban for private placements under Rule 506


Registration for the live webinar has closed. To purchase a recording of this webinar, please select the registration link on the left side of this page. The recording costs $125 for an IAA member or an associate member and $200 for a non-member.  If you have any questions, please contact the IAA events team at or (202) 293-4222.

About the Presenters

Mark Perlow is a partner in the San Francisco office of K&L Gates LLP and one of five global practice group coordinators for the K&L Gates investment management practice. His practice focuses on investment management, financial regulation, and securities law, and he regularly represents investment advisers, mutual funds, hedge fund managers, fund boards of directors and broker-dealers on a broad range of regulatory and transactional matters. He is a member of the adjunct faculty of the School of Law at the University of California at Berkeley, where he teaches a course on capital markets and financial regulation. Before joining K&L Gates, Mr. Perlow served as senior counsel in the Office of the General Counsel of the Securities and Exchange Commission, and also served in the SEC’s Division of Enforcement. Mr. Perlow received a J.D. from Yale Law School, an M.A. from Oxford University, and an A.B. from the University of California, Berkeley.

Maryellen Maurer is the Deputy Chief Compliance Officer for TPG Global, a private equity firm with over $54B in capital under management. Prior to joining TPG in July of 2009, Ms. Maurer was the Senior Compliance Manager-Americas at Fortis Investments and Director of Affiliate Compliance at Affiliated Managers Group (AMG). Ms. Maurer has served as an investment adviser and investment company examiner for the SEC in the Fort Worth and Boston offices. She received her M.P.A. from the University of Texas at Austin McCombs School of Business and B.S. from Fairfield University.

Alpa Patel is a Senior Counsel in the Private Funds Branch of the Office of Investment Adviser Regulation, a unit of the SEC’s Division of Investment Management in Washington, DC. The Private Funds Branch focuses on regulations affecting private fund advisers. Prior to joining the SEC, Ms. Patel was an associate at Dechert LLP, where she advised clients on the structuring, formation, and private offering requirements of private funds and provided counsel to investment advisers and boards of directors in regulatory, compliance, and corporate matters.

Monique S. Botkin is Assistant General Counsel at the IAA. Prior to joining the IAA in February 2004, Monique was an associate attorney in the financial services groups of Dechert LLP in Newport Beach, California and Alston & Bird LLP in Washington, DC. While in private practice, she represented investment advisers, registered investment companies, private funds, and broker-dealers in corporate, securities, and investment management matters. She received her law degree, cum laude, from Southwestern School of Law in Los Angeles, California in 1997 and her bachelor of arts degree from the University of Maryland at College Park in 1992.

Cancellation or Substitution

For the live webinar, cancellations and substitutions must be received in writing no later than 5:00 pm ET Monday, May 20, 2013. There are no refunds for cancellations received after this date. Email your requests to