United States: Private Equity Fund Adviser Settles SEC Charges For Improperly Offsetting Fees - Cadwalader, Wickersham & Taft LLP

United States: Private Equity Fund Adviser Settles SEC Charges For Improperly Offsetting Fees - Cadwalader, Wickersham & Taft LLP

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A private equity fund adviser settled SEC charges for (i) improperly offsetting portfolio company fees against management fees charged to clients and (ii) failing to clarify management fee calculations to clients.

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