Client Alert

| July 23, 2010

How the Dodd-Frank Wall Street Reform and Consumer Protection Act Will Impact Advisers of Private Funds

For more information, please contact your Dewey & LeBoeuf relationship partner, or one of the following:

Joseph A. Smith

+1 212 259 7268

Russel Perkins

+1 212 259 7719

Christopher S. Petito

+1 202 346 8783

This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent. For further information on Dewey & LeBoeuf, please visit www.dl.com. +1 888 532 6383