Schulte partner Peter Greene quoted in Institutional Investor 

Schulte Roth & Zabel partner Peter Greene recently spoke to Michael Thrasher from Institutional Investor for his article, “Who Benefits When the SEC Spills Everyone’s Side-Letter Secrets?” 

Discussing a provision in the SEC's new Private Fund Advisers Rules, Peter explained that the requirement to offer the same terms to all investors could result in less attractive terms overall, which could in turn cause institutions to invest less in funds.

According to Peter, having smaller investors will impact the stability and flexibility of some private funds, while offering better terms to all investors will increase costs, create a bigger barrier to entry for new funds, and further limit investors’ choices.

“The rule has potential to harm large investors, smaller investors, and managers,” he stated.

Read the article.