Kirkland AIM Kirkland & Ellis LLP

Private Fund Manager and its Executives Settle SEC Enforcement Case for Conflict of Interest Disclosure Failures

On November 3, 2015, the SEC entered into a consent order with a private equity fund manager and four of its executives for disclosure failures relating to conflicts of interest arising out of the manager’s conversion of partially offsettable portfolio company monitoring fee payments to non-offsettable payments to a manager-affiliated consulting firm and former manager employees.