David A. Vaughan


David A. Vaughan


New York | Three Bryant Park, 1095 Avenue of the Americas, New York, NY, United States of America 10036-6797
+1 212 698 3540 | +1 212 698 3599

Washington, D.C. | 1900 K Street, NW, Washington, DC, United States of America 20006-1110
+1 202 261 3355 | +1 202 261 3333

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David A. Vaughan focuses his practice on investment management, primarily private funds.

David Vaughan has been practicing in the private fund space for well over two decades, including serving for two years as the senior private fund policy adviser in the SEC’s Division of Investment Management, advising on all aspects of legal and regulatory policy related to private funds. During that period, he played a leading role in advising on Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the rules implementing those provisions, the Volcker Rule, and the European Union Alternative Investment Fund Managers Directive, among other things.

Mr. Vaughan works with hedge funds, private equity funds, venture capital funds and unregistered traditional funds. He represents managers with respect to fund formation, distribution and compliance issues, as well as enforcement matters. He has also represented both insurance companies and fund sponsors with respect to privately placed and offshore variable insurance products.

Mr. Vaughan is a former Director of the Managed Funds Association. He has been recommended as a leading lawyer for investment funds by both Chambers Global and Chambers USA. In the most recent edition, he is “rated for his far-reaching knowledge of hedge fund issues, covering fund formation and regulatory enforcement matters, including the Dodd-Frank Act.” Past editions state that “the ‘wonderful’ David Vaughan handles an impressive range of structuring and compliance matters for large and small hedge managers alike. He brings particular insight to regulatory policies concerning private funds.” Mr. Vaughan is also recommended by The Legal 500 (US) in the areas of Alternative/Hedge Funds and Private Equity Funds. A recent edition states that he “is noted for his knowledge of algorithmic trading issues.” He was recently recognized by Who’s Who Legal as a Thought Leader for Private Funds and as a leading lawyer in the category of U.S. investment funds by IFLR 1000. In 2008, he was listed by Institutional Investor as one of the “Top 20 Hedge Fund Rising Stars.” He was recently a recipient of Dechert’s “Exceptional Teachers Award,” selected by lawyers in the firm for encouraging individual thinking and creativity, and giving associates opportunities to learn and gain experience in many areas. In 2010, he received the SEC’s Law and Policy Award, and the Federal Bar Association’s Securities Law Committee’s Philip A. Loomis, Jr. Award.

Mr. Vaughan is also a frequent speaker at industry conferences, including:

  • European Hedge Fund Investment Forum
  • European Fund and Asset Management Association (EFAMA, formerly FEFSI)
  • The Alternative Investment Management Association (Hong Kong and Singapore)
  • Investment Adviser Association Annual Compliance Conference
  • U.S. Securities and Exchange Commission Hedge Fund Roundtable
  • Investment Company Institute Conference on Mutual Funds & Investment Management in Asia
  • MAR Hedge International Conference on Hedge Fund Investments in Bermuda
  • Investment Company Institute Mutual Funds & Investment Management Conference
  • 13th Annual Global Private Equity Conference
  • IA Compliance Best Practices Summit
  • NICSA’s 25th Anniversary Annual Conference & Expo
  • IIR Soft Dollar Practices Forum
  • Georgetown University Law Center, J.D., 1990, cum laude
  • Bowling Green State University, B.A., 1987, cum laude
  • District of Columbia
  • New York
Speaking Engagements
  • Nineteenth Annual Private Equity Forum — Presented by the Practising Law Institute, New York, NY (July 16, 2018)
  • Legal & Compliance 2018 Conference — Presented by the Managed Funds Association, New York, NY (March 8, 2018)
  • 28th Annual Conference on the Globalisation of Investment Funds — New York, NY (April 23, 2017)
  • Private Fund Regulatory Developments and Compliance Challenges 2017 — Presented by the Practising Law Institute, New York, NY (January 11, 2017)
  • SEC Inspections — KPMG's Private Equity Symposium, King of Prussia, PA (December 4, 2014)
  • 15th Annual International Conference on Private Investment Funds —International Bar Association, London (March 9, 2014)
  • Ask the Experts — IAA Investment Adviser Compliance Conference 2013, Arlington, VA (March 8, 2013).
  • Regulatory Enterprise Risk Management and the Valuation Requirements — Bloomberg Valuation Service and Rothstein Kass, New York, NY (January 8, 2013)
  • 2012 Fall Compliance Workshops — Investment Adviser Association, New York, NY; Atlanta, GA (October 30, 2012)
  • SEC Phase 1 – Taking the PF — Albourne HedgeFellas Conference, Chicago, IL (October 2, 2012)
  • Readying For A SEC Visit — Dow Jones Private Equity Analyst Conference, New York, NY (September 20, 2012)
  • Monitoring Compliance at Private Equity Firms: Issues for CCOs — Practising Law Institute's 13th Annual Private Equity Forum, New York, NY (July 10, 2012)
  • Status of the Implementation of the Volcker Rule — Joint Meeting of the Investment Company Institute's International Committee and EFAMA, Washington, D.C. (May 8, 2012)
  • Panel Workshop on Affect of Registration Rules on Alternative Funds — IBA-ABA Conference, London (March 11, 2012)
  • Hot Topics for Private Fund Advisers — 2012 IAA Investment Adviser Compliance Conference, Arlington, VA (March 8, 2012)
  • You're SEC Registered, Now What? — Private Equity Chief Financial Officer Association, New York, NY (February 9, 2012)
  • Life After Dodd-Frank: The Emerging Regulatory Landscape — Investment Company Institute's Securities Law Developments Conference, Washington, DC (December 13, 2011)
  • SEC Registration and Examinations — Managed Funds Association Regulatory Compliance Conference, New York, NY (November 30, 2011)
  • Implementing Dodd-Frank, Round 2: A View from the Top — Regulatory Compliance Association Annual Fall Asset Management Thought Leadership Symposium, New York, NY (November 10, 2011)
  • New SEC Investment Adviser Registration Rules — Investment Company Institute International Committee Meeting, Washington, DC (September 13, 2011)