
No Action Letter – Regulation D Rule 506(c)
The SEC now permits public marketing of private placements, without burdensome investor wealth verification requirements, if the investment is big enough.
Tyler Payne works with private investment sponsors on all aspects of fund formation. A significant portion of his practice is advising clients on capital raising, marketing, preparing offering documents, and drafting organizational documents. He also counsels them on regulatory, compliance, and operational issues both during an active fundraise and during the operational stage, including with respect to sponsor-carried interest and management company arrangements.