285 place 2

469 New SEC Rules Could Hurt VC’s Newcomers

The Information
Kate Clark @ The Information · 08/24/2023 15:50 EDT

New SEC Rules Could Hurt VC’s Newcomers

The U.S. Securities and Exchange Commission approved new rules for private funds Wednesday meant to give limited partners—the individuals and institutions that invest in these funds—more transparency. The ramifications for the much larger private equity industry have drawn most of the attention, but venture capital funds will also need to bend to the new rules. VC firms will have to provide their LPs quarterly financial statements, which remarkably isn’t standard for all firms. They’ll also have to perform.

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