Rachel (Grand) Gerwin’s practice focuses on regulatory matters related to private investment funds.

She has experience advising private funds and other alternative asset managers on the regulatory aspects of capital raising, investor disclosure matters, fund formation, co-investments, joint ventures, managed accounts, and other transactions and structures. She also advises SEC-registered investment advisers, exempt reporting advisers, and U.S. and non-U.S. asset managers on Investment Advisers Act compliance matters and SEC examination issues, as well as cross-border marketing and governance considerations.

Rachel joined the firm as counsel in 2024 after serving as Vice President and Senior Counsel at Managed Funds Association (MFA). In this role, she advocated for members by analyzing the impact of legislative and regulatory developments, with a focus on SEC rulemaking under the Investment Advisers Act. She also worked with MFA members to develop advocacy positions, drafted comments to regulators, engaged directly with policymakers and regulators, and convened members to develop best practices. Among other areas of coverage, Rachel played a leading role in MFA’s efforts relating to the SEC’s Predictive Data Analytics proposal, leveraging her in-house experience to highlight the considerable disconnect between the proposal and actual uses of AI-driven technologies by private fund managers.