Venture market maturing as funds align with private equity
No one knew quite what to expect going into the pandemic, but we were generally prepared for a dramatic slowdown in venture fund activity—both fundraising and capital deployment. That didn’t happen, although there were shifts in activity and, as i...
Lowenstein Sandler represented Reach Capital as lead investor in edtech startup TeachFX’s $10 million Series A financing. Reach Capital is a thesis-driven, sector-focused, early-stage edtech investor; its founding partners have been investing toge...
Lowenstein Sandler represented investment platform Titan in its newly announced partnership with Cathie Wood’s ARK Invest to launch the ARK Venture Fund, exclusively available to retail investors on Titan and aimed at democratizing acces...
DOL Proposes Significant Changes to the QPAM Exemption for Managing ERISA Assets
On July 26, 2022, the U.S. Department of Labor (DOL) released a proposal (Proposal) to amend the Prohibited Transaction Class Exemption 84-14, known as the qualified professional asset manager (QPAM) exemption. Managers of pension and welfare fund...