# kaal:claim:2811718-012

**Claim.** Although overall Form ADV Part II filings fell between 2012 and 2013, due diligence counts fell only marginally, from 20,828 to 20,031, and filings mentioning due diligence fell from 7,862 to 7,198, less than proportionally to the drop in total filings.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- SEC Form ADV Part II brochure filings
- 2012 to 2013

**Source quote.**

> While the overall filings between 2012 and 2013 depreciated, the ratio of due diligence counts is only marginally affected (depreciating from 20,828 to 20,031) and filings that mention due diligence decreased (depreciating from 7,862 to 7,198) in relation to the overall filing depreciation.

**From.** Wulf A. Kaal, *Private Fund Investor Due Diligence – Evidence from 1995 to 2015* (2016), III.A. SEC Form ADV Part II: 2007 to 2014, page 23

**Cite as.** Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016). SSRN: https://ssrn.com/abstract=2811718

**Verify.** sha256 of source PDF `b52152af561288173840a1cabbcf8f4b337e73507c856ee01600799073f4156f` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202016%20-%20Private%20Fund%20Investor%20Due%20Diligence%20%E2%80%93%20Evidence%20from%201995%20to%202015.pdf

**Topics.** private-funds, disclosure, empirical-evidence

**Keywords.** form-adv, disclosure-trends, empirical-findings, due-diligence-counts

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