VSS settles with SEC over 17-year-old fund
A US private equity firm has settled with the SEC after it allegedly failed to deliver quarterly financial statements within a 60-day period back in 2015.
VSS, a growth capital firm with a focus on information, business services and education, and its managing partner Jeffrey Stevenson, agreed to pay the authority $200k to settle the claims.
[caption id="attachment_4286" align="alignright" width="300"] VSS is the latest firm to settle with the SEC[/caption]
Back in 2015, the firm's third fund – VS&A Communication Partners III – was in its 17th year and had two remaining portfolio companies. Early