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‘Each part of the rule is unnecessary, unworkable, and unduly burdensome,’ lawyers say in opening brief.
PE sponsors make novel play to help portfolio companies weather volatile market; The SEC’s audacious proposal: how it could upend industry practices
Fund investors were charged expenses that were not covered by third-party co-investors without being told, according to the SEC.
Fund sponsors are also drilling down during target due diligence to avoid dealing with sanctioned companies, Dechert lawyers say.
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