With a growing focus on aligning investment portfolios with mission and increasing options for investors wishing to do so, putting a process in place for analyzing and negotiating such investments is more important than ever.  Below is a summary of key terms that investors in any type of private fund should review, with a special emphasis on how to think about these terms in the context of an impact fund:   /continue reading

In September 2017, the SEC’s Office of Compliance, Inspections and Examinations issued a Risk Alert making clear that the SEC is paying increased attention to the advertising practices of investment advisers.  The Alert summarizes the most frequent Advertising Rule violations that OCIE comes across in its examinations of investment advisers and evidences a growing concern by the SEC that investment advisers are regularly violating the rule.   /continue reading

On October 31, 2017, the Boston Bar Association hosted a brown bag conversation – coordinated by KLG’s Courtney Feeley Karp – featuring Michael Judge, the Director of the Massachusetts Department of Energy Resources’ Renewable and Alternative Energy Division.  Mike gave an in-depth presentation on the new SMART program and answered questions from the crowd.  KLG also distributed a short quiz on SMART program mechanics.  Take the quiz and check out the answers to gauge your SMART intelligence!   /continue reading