ACA Group (ACA), the leading governance, risk, and compliance (GRC) advisor in financial services, today released two new solutions aimed at helping private fund managers worldwide comply with the recently adopted U.S. Securities and Exchange Commission’s Private Fund Adviser Rules. When combined with ACA’s existing blend of regulatory advisory, investment performance, and technology services, this new offering creates the first end-to-end solution to help firms holistically address all elements of the new rules.

“The Private Fund Adviser Rules are the most significant regulatory impact on Private Funds since the Dodd-Frank Act. These rules impact both SEC-registered and unregistered private fund managers. Being prepared is not just a defensive move, it’s a strategic imperative that helps ensure a seamless transition and avoids last-minute rushes and potential oversights,” said Carlo di Florio, Global Advisory Leader, ACA Group. “ACA is uniquely positioned to assist advisers with effective and efficient implementation of the policies, procedures, technology and managed services aspects of the complex and time-sensitive requirements of the new Private Fund Adviser Rules.”

The new rules place a hefty, time-pressured burden on private fund managers to decipher the language and determine next steps for compliance. ACA’s solutions are designed to help firms address the costly operational and compliance challenges created by the new rules.

These new solutions, provided by ACA’s regulatory advisory team, performance experts, and award winning technology team, include:

• Private Fund Adviser Rules Readiness Assessment: a detailed evaluation of a firm’s existing framework against the new rules’ requirements to identify gaps and areas of concern that require attention. This allows firms to anticipate, understand, and align with the new requirements while mitigating risks associated with non-compliance.
• Quarterly Statements Solution: technology-enabled report preparation, as well as calculation and presentation frameworks, available at three levels of scalable support. Ranging from an in-depth review and analysis to a fully outsourced solution, this helps firms to tackle the complicated reporting and calculation process now required.

These can be combined with ACA Signature, which provides scalable advisory solutions that can be paired with innovative technology delivered by ACA ComplianceAlpha®   ̶  ACA’s award-winning technology platform  ̶  and managed services.

Annie Morris, Chief Product Officer, ACA Group, said: “The clock is now ticking for private fund managers to comply. Firms need peace of mind as they adapt to change and emerging threats. To help, we provide solutions built by compliance professionals for compliance professionals. We blend the best people, processes, and technology to provide a powerful, holistic set of solutions to ensure that your firm is not just compliant with these latest rules, but also well prepared for future regulatory developments.”