Phoenix American has published a new white paper examining the long-anticipated emergence of the Regulation A+ fund structure after nine years of development following its creation in the 2012 JOBS Act. Reg A+ Comes of Age: Industry Insights on Regulation A analyzes the trajectory of the two-tiered offering vehicle over recent years, profiles the sponsors and managing broker-dealers involved in its utilization, and offers perspectives from key industry participants on its prospects for the future. The paper includes market data from a variety of sources and contributions provided by Kaplan, Voekler, Cunningham & Frank, Red Oak Capital, Crescent Securities and Clir Capital. Perspective is also provided by John Harrison, executive director of the Alternative & Direct Investment Securities Association (ADISA).
Top takeaways from the report include the deficiencies of the old Regulation A structure, the enhancements to
