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On October 11, California Governor Gavin Newsom signed AB 1415, which regulates private equity and hedge fund activity by expanding the Office of Health Care Affordability’s (OHCA) jurisdiction and notice requirements. Though the law is a compromise from last session’s AB 3129—which the Governor vetoed on September 28, 2024—it nevertheless represents a significant change for private equity groups, hedge funds, and management services organizations (MSOs) in the state.
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