Overview

Form PF requires all registered investment advisers with more than $150 million in gross assets under management attributable to private funds to submit extensive financial data regarding their private fund investment activities to the SEC on a quarterly or annual basis (depending on the size and type of private funds that the firm manages). The stated purpose of this massive data-gathering exercise is to enable the Financial Services Oversight Counsel to assess and monitor systemic risks to the U.S. financial system.

Form PF is a challenging and time-consuming regulatory obligation, requiring the investment adviser to report on a wide range of data including investment strategy, asset classes, VaR, beneficial ownership, counterparty credit exposure, leverage, performance, and ASC 820 Levels…

For more information on Form PF, download here.