David A. Vaughan

david-vaughan

David A. Vaughan

Partner

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 (for Hedge Funds) and Chambers USA (for Hedge Funds and Regulatory & Compliance). The most recent edition states that he is “admired for his comprehensive understanding of the formation and launch of hedge funds. He brings to his practice regulatory knowledge bolstered by his time spent at the SEC's division of investment management.” In the guide, clients affirm that he is “excellent for Investment Advisers Act issues; he is exceedingly knowledgeable and gives practical advice.” Past editions have noted that he is “rated for his far-reaching knowledge of hedge fund issues, covering fund formation and regulatory enforcement matters and that he “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. He has been recognized by Who’s Who Legal for Private Funds and on the list of “Thought Leaders Global Elite,” and by IFLR 1000 as a leading lawyer in the category of U.S. investment funds. 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
Education
  • Georgetown University Law Center, J.D., 1990, cum laude
  • Bowling Green State University, B.A., 1987, cum laude
Admissions
  • District of Columbia
  • New York
Speaking Engagements
  • Private Funds Nuts & Bolts: Evolving Custody Rule Considerations for Advisers to Loan Funds and Accounts — Dechert LLP, Webinar (February 13, 2019)
  • Washington Update — 2018 San Francisco Investment Management Symposium, San Francisco, CA (November 13, 2018)
  • Nineteenth Annual Private Equity Forum — Presented by the Practising Law Institute, New York, NY (July 16, 2018)
  • Global Regulatory Trends — 2018 Global Alternative Funds Symposium, New York, NY (May 2, 2018)
  • Legal & Compliance 2018 Conference — Presented by the Managed Funds Association, New York, NY (March 8, 2018)
  • Hedge Funds Nuts & Bolts: SEC Update from Washington — Dechert LLP, Webinar (February 14, 2018)
  • The Regulatory Apprentice: What Does the Trump Administration Mean for Financial Regulation? — 2017 San Francisco Investment Management Symposium, San Francisco, CA (November 28, 2017)
  • Loan Funds: Current Guidance and Trends — International Bar Association (IBA) Investment Funds Committee's 28th Annual Conference on the Globalisation of Investment Funds, New York, NY (April 23, 2017)
  • Capital Raising 2017- Tips and Trends in Europe, the US and the GCC — Dechert LLP, Dubai (March 8, 2017)
  • Private Fund Regulatory Developments and Compliance Challenges 2017 — Presented by the Practising Law Institute, New York, NY (January 11, 2017)
  • 2016 Los Angeles Investment Management Symposium — Dechert LLP, Los Angeles, CA (November 10, 2016)
  • Private Funds Track — San Francisco Investment Management Symposium, San Francisco, CA (November 9, 2016)
  • Regulatory Shockwaves: Tectonic Shift or Minor Temblors? — San Francisco Investment Management Symposium, San Francisco, CA (November 9, 2016)
  • Hedge Funds Nuts & Bolts: Dealing with the SEC — Dechert LLP, Webinar (November 2, 2016)
  • SuperReturn CFO/COO Forum 2016 — Presented by Informa, Amsterdam, NL (September 19, 2016)
  • Hedge Funds in 2016 - Evolving Trends and Structures Webinar — Dechert LLP, Webinar (June 29, 2016)
  • Private Fund Marketing: Maximising European Investor Opportunities — Dechert LLP, New York, NY (May 11, 2016)
  • 5th Annual Funds Congress — Dechert LLP, London, UK (February 10, 2016)
  • Hedge and Private Equity Funds in the Regulatory Spotlight — Dechert LLP, San Francisco, CA (December 9, 2015)
  • MiFID II - Impact on Investment Managers — Dechert LLP, Webinar (November 4, 2015)
  • Investment Company Regulation: History, Evolution and Future Developments — Dechert LLP, New York, NY (October 6, 2015)
  • SuperReturn CFO/COO Forum 2015 — Presented by Informa, Amsterdam, NL (September 8, 2015)
  • Recent SEC Regulatory and Enforcement Developments — Dechert LLP, London, UK (March 10, 2015)
  • SEC Inspections — KPMG's Private Equity Symposium, King of Prussia, PA (December 4, 2014)
  • Private Equity and Debt Funds in Europe - Marketing, Structuring and Regulatory Developments in a Post-AIFMD World — Dechert LLP, New York, NY (October 17, 2014)
  • The Volcker Rule: Adjusting to a New Landscape — Regulatory Compliance Association, Webcast (June 12, 2014)
  • Custody Rule: Compliance and Confusion — Investment Advisor Association, Webinar (May 14, 2014)
  • 15th Annual International Conference on Private Investment Funds — International Bar Association, London (March 9, 2014)
  • Living with the Volcker Rule: Volcker Rule Impacts on European Asset Managers — Dechert LLP, Webinar (February 26, 2014)
  • Living with the Volcker Rule: Covered Funds — Dechert LLP, Webinar (January 30, 2014)
  • Living with the Volcker Rule: Overview — Dechert LLP, Webinar (January 16, 2014)
  • AIFMD Seminar Series: AIFMD Reporting Requirements — Dechert LLP, London, UK (September 20, 2013)
  • Ask the Experts — IAA Investment Adviser Compliance Conference 2013, Arlington, VA (March 8, 2013).
  • AIFMD − What You Need to Know, and What You Need to Do... Now — Dechert LLP, Webinar (February 13, 2013)
  • Form PF: Get the Guidance You Need to Meet Compliance Deadlines — Dechert LLP, Webinar (February 12, 2013)
  • Regulatory Enterprise Risk Management and the Valuation Requirements — Bloomberg Valuation Service and Rothstein Kass, New York, NY (January 8, 2013)
  • Workshop on Form PF — Presented by Dechert LLP and KPMG, New York, NY (December 5, 2012)
  • Form CPO-PQR: Legal, Compliance and Operational Issues for Investment Advisers and Commodity Pool Operators — Dechert LLP, Webinar (November 19, 2012)
  • 2012 Fall Compliance Workshops — Investment Adviser Association, New York, NY; Atlanta, GA (October 30, 2012)
  • Form PF and Regulatory Enterprise Risk Management: The Challenges Facing Alternative Managers — Presented by Dechert LLP, SEI, and Rothstein Kass, New York, NY (October 25, 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)
  • Staying Cool with Form PF — Dechert LLP, Webinar (June 5, 2012)
  • Form PF: What Advisers to Private Funds Need to Know — Presented by the Investment Advisor Association, Webinar (May 23, 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)
  • Preparing Newly Revised Form ADV Part 1 – Practical Tips and Information — Dechert LLP, Webinar (February 2, 2012)
  • Life After Dodd-Frank: The Emerging Regulatory Landscape — Investment Company Institute's Securities Law Developments Conference, Washington, DC (December 13, 2011)
  • U.S. Outreach Series: The New Era of Systemic Risk Regulation - Form PF — Regulatory Compliance Association’s December U.S. Centric Outreach Program, Webinar (December 7, 2011)
  • SEC Registration and Examinations — Managed Funds Association Regulatory Compliance Conference, New York, NY (November 30, 2011)
  • The Volcker Rule: Intended and Unintended Impacts on U.S. and Foreign Entities — Dechert LLP, Webinar (November 16, 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)