A new administration in Washington has sparked some speculation that the SEC might ease up on private fund advisers. But don’t count on a softer regulatory touch any time soon. While headline-grabbing enforcement actions may become less frequent – whether due to different priorities or a more restrained approach –
SEC Exams in 2025: A practical playbook for private fund advisers

SEC exams are likely to stay just as rigorous, if not become even more detail-oriented.
