Kirkland AIM Kirkland & Ellis LLP

Private Equity Manager Settles SEC Proceeding over Accelerated Monitoring Fees and Other Practices

As part of the SEC’s continued focus on private equity manager fee and expense practices, the SEC recently settled another accelerated monitoring fee proceeding against four affiliated private equity fund managers, alleging that the acceleration of monitoring fees and certain other practices were inconsistent with Advisers Act fiduciary and other obligations.