Citrin Cooperman’s Financial Services Industry Practice is excited to announce its inaugural Emerging Managers Survey for U.S.-based private equity and venture capital fund managers. Throughout this survey and the resulting report, we will uncover, analyze, and benchmark detailed information about emerging private equity and venture capital managers including information on fundraising, deal economics, environmental, social, and governance (ESG) practices, cybersecurity, and provide an overall outlook for the industry.

All responses will be kept confidential. Learn more…

FORVIS: When it comes to personal finances and planning for retirement, most of us have heard the adage, “Spend less than you make.” While this rule of thumb is a bedrock of financial well-being, the ever-changing landscape surrounding retirement and the financial implications associated with preparing for this exciting stage of life can often be intimidating and potentially hazardous to navigate alone. Read more…

FORVIS: On May 3, 2023, the SEC voted three to two along party lines to issue a final rule updating and modernizing 2003 regulations on share repurchases by issuers, listed closed-end funds, and foreign private issuers (FPIs). The changes require more detailed quantitative and qualitative disclosures. The final rule reflects some significant changes from the proposal based on comment letter feedback, most notably periodic aggregation of daily information versus daily reporting. Read more…

FORVIS: This paper provides an overview of key proposals and final rules that may impact asset managers, funds, and broker-dealers issued by the SEC from January to March 31, 2023, along with updates on significant outstanding proposals. The developments included in this update are intended to be a reminder of recently issued accounting and other guidance that may affect you in the current reporting period. Read more…

UMB Fund Services: Some alternative investment managers are launching new funds with an expectation of later converting them to registered funds to pursue broader distribution. Here are suggestions from Ann Maurer, UMB senior vice president and mutual funds product manager, on how to avoid negative surprises when implementing that strategy. Read more…

Citrin Cooperman: International tax information reporting for tax year 2021 adds two new schedules, K-2 and K-3, for pass-through entity tax returns. These schedules were originally intended to only address reporting of items of international tax relevance; however, the new instructions issued in January 2022 required the inclusion of Schedules K-2 and K-3 in many, if not all, pass-through entity returns. Read more…

Citrin Cooperman: As the popularity of cryptocurrencies continues to grow, cyber criminals have taken notice. One threat to cryptocurrency is a nefarious tactic called cryptojacking. The following frequently asked questions will provide an overview of this topic. Read more…

TriNet: It’s 2022 and if the last two years have taught us anything, it’s to expect the unexpected. This year is already bringing more pandemic-related challenges for many and nobody can predict what else may come.

It’s no secret that the business environment shifted dramatically throughout 2020 and 2021, and the HR landscape has been no exception. Read more…

UMB Fund Services: The unlisted closed-end fund structure—primarily interval funds and tender-offer funds—allows asset managers to access the mass affluent market while addressing the liquidity challenges of alternatives and illiquid securities. Read more…

UMB Fund Services: The private debt market has come into its own over the past decade. Once a small and obscure asset class, the market’s meteoric rise has benefited from a low interest rate environment, institutional capital backing and heightened EBITDA valuations across multiple sectors. Read more…