April 5, 2022
The SEC's new regulations will require that all quarterly reporting for private funds, including the newly-required deliverables, be completed within 45 days after the quarter.
Our funds currently have a 60-day limit for quarterly reporting and a 120-day limit for annual reporting. Our investors agreed to these timeframes upon their joining the funds, and they have not provided any pressure to accelerate them.
We ask the Commission to not impose a pre-determined deadline for reporting for either new or current private funds, but rather leave this up to the mutual agreement of each fund and its investors.
Thank you.