US JOBS Act Remakes the Standards for Offerings of Hedge Funds and Private Equity Funds

April 11, 2012
President Obama recently signed into law the Jumpstart Our Business Startups Act (JOBS Act), which includes provisions that significantly ease the restrictions on general solicitation and general advertising for all issuers making private offerings of securities in accordance with Rule 506 of Regulation D and Rule 144A under the Securities Act of 1933. This update examines the impact of these changes on how private funds, such as hedge funds and private equity funds, can market to potential investors.