# kaal:claim:2337268-013

**Claim.** Advisers with more than $150 million in regulatory assets under management are defined as large private fund advisers and must register with the SEC.

**Type.** definitional  **Support.** asserted

**Holds when.**

- advisers to one or more private funds
- RAUM above $150 million

**Source quote.**

> Investment advisers having more than $150 million regulatory assets under management (RAUM) are defined as large private fund advisers and are required to register with the SEC.23

**From.** Wulf A. Kaal, *Investment Adviser Regulation* (2013), 2. Adviser Categories, page 8

**Cite as.** Wulf A. Kaal, Investment Adviser Regulation (2013). SSRN: https://ssrn.com/abstract=2337268

**Verify.** sha256 of source PDF `7075ce35282a8ee75b81ae3dec0e19f68631beae7f3c3a00ab2827538dc9e302` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Investment%20Adviser%20Regulation.pdf

**Topics.** private-funds, securities-law

**Keywords.** large-private-fund-advisers, raum-threshold, registration, form-pf

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/2732915-009
- restated_by: https://wulfkaal.github.io/claims/2998097-011
- restated_by: https://wulfkaal.github.io/claims/2816408-012

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.