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As fund advisers continue to explore the implications of the recently finalized Private Fund Advisers Rules (“PFAR”), several questions have arisen regarding the impact of PFAR on private credit and direct lending.

AIMA is partnering with Dechert LLP to help members better understand PFAR’s impact on private credit and address some open questions about the consequences of PFAR for registered and unregistered advisers.  

Despite the good news that the Fifth Circuit Court of Appeals accepted our motion for an expedited review and that it may now be possible for the Court to render a decision by the middle of next year, advisers must continue to prepare for the upcoming 12 and 18-month compliance deadlines.

Please join AIMA and Dechert LLP for this webinar examining some of the practical considerations affecting private credit firms in complying with PFAR’s numerous new requirements, including the new rules for adviser-led secondary transactions, side letters and the allocation and reporting of common types of fees and expenses.  We will also discuss the particular challenges that may arise for private credit fund advisers with respect to the quarterly statement requirements.

The webinar will also address practical questions regarding how various provisions of PFAR may impact co-investments and sub-advisory assignments.

Please click below to register and feel free to send in advance any questions that you would like to have discussed on the December 8 webinar with Dechert LLP. 

Our panel of speakers include:

• Joe Engelhard, Senior Counsel, US Policy and Regulation, AIMA
• Michael McGrath, Partner at Dechert LLP
• Robert Leonard, Partner at Dechert LLP

Sponsored by: