O’Melveny’s Traeger Quoted in DealFlow on Potential Implications of JOBS Act

April 18, 2012

The April 12, 2012, DealFlow article, “Funds May Have Easier Time Raising Money As JOBS Act Allows Solicitation, Advertising,” includes commentary from O’Melveny & Myers partner Heather Traeger on how the JOBS Act could affect smaller hedge funds and private equity funds. The article also quoted an O’Melveny client alert by Traeger, Timothy Clark, and Marty Dunn: "Assuming no SEC rulemaking to the contrary, the actual consequences of the amendments to be effected by the JOBS Act is that they will allow managers of hedge funds and private equity funds to communicate information about fund offerings on publicly available websites and issue press releases during fundraising provided that the actual sales are made only to accredited investors."