Potential new filers
According to the Wall Street Journal, it looks like Venture Capital and Private Equity funds will soon need to start registering with the SEC (presumably EDGAR) relatively soon. The threshold of fund size would be $100 million.
Reed is now introducing an amendment to the financial reform legislation, hoping to get some of his original proposals back into it. He still believes both private equity and venture capital firms should be required to register with the SEC, but has backed off that original $30 million size threshold. His amendment now contemplates that managers with $100 million or more of assets under management should be required to register, Reed said on a conference call. The new threshold was adopted because that’s the level currently in the financial reform bill for hedge funds, he said. Reed’s amendment would require firms with less than $100 million in AUM to either be registered and examined by a state regulator, or registered with the SEC.