Awards & Recognition
Schulte Ranked Most Active Investor Counsel in PIPE Market for Q3 2019
November 2019
PlacementTracker ranked Schulte once again as the most active investor counsel by number of transactions in the U.S. market during Q3 2019. PlacementTracker is the leading provider of research, data and analytics covering the PIPE and Private Placement markets. PlacementTracker cited 35 Schulte transactions, with the amount advised totaling approximately $730 million. In the industry, a total of $35.5 billion was raised in 745 transactions throughout Q3 of 2019.
Practices
Related Insights
Alerts
Effective Tuesday, May 28, 2024, the US will transition from a “T+2” settlement cycle to a “T+1” settlement cycle.[1] This change will impact all transactions in subject securities[2] effected through an SEC-registered broker-dealer absent an express agreement to the contrary.[3] The US Securities and Exchange Commission (“SEC”), in adopting the rule changes implementing the T+1 settlement cycle,[4] separately adopted an amendment to Rule 204-2 (“Books and Records Rule” or “Rule”) under the Investment Advisers Act of 1940, as amended, that also go into effect on May 28. For most registered investment advisers (“RIAs”) to private funds, the amended Books and Records Rule should not require significant changes to current operations.
Alerts
Managers that offer ESG-focused funds to European investors should take note of the final “Guidelines on Funds’ Names Using ESG or Sustainability-related Terms” (“Guidelines”) published by the European Securities and Markets Authority (“ESMA”) on 14 May 2024.[1] The Guidelines will affect funds established in the EU and, depending on the approach of the local EU member state regulators, are also likely to affect non-EU funds marketed in accordance with the EU national private placement regimes (“NPPRs”) established under the Alternative Investment Fund Managers Directive.
Alerts
Effective Tuesday, May 28, 2024, the US will transition from a “T+2” settlement cycle to a “T+1” settlement cycle.[1] This change will impact all transactions in subject securities[2] effected through an SEC-registered broker-dealer absent an express agreement to the contrary.[3] The US Securities and Exchange Commission (“SEC”), in adopting the rule changes implementing the T+1 settlement cycle,[4] separately adopted an amendment to Rule 204-2 (“Books and Records Rule” or “Rule”) under the Investment Advisers Act of 1940, as amended, that also go into effect on May 28. For most registered investment advisers (“RIAs”) to private funds, the amended Books and Records Rule should not require significant changes to current operations.
Alerts
Managers that offer ESG-focused funds to European investors should take note of the final “Guidelines on Funds’ Names Using ESG or Sustainability-related Terms” (“Guidelines”) published by the European Securities and Markets Authority (“ESMA”) on 14 May 2024.[1] The Guidelines will affect funds established in the EU and, depending on the approach of the local EU member state regulators, are also likely to affect non-EU funds marketed in accordance with the EU national private placement regimes (“NPPRs”) established under the Alternative Investment Fund Managers Directive.