Crowe "Updated guidance for closed-end funds of private funds"

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Top Crowe insights – 11/23/2025 
In anticipation of this week’s Thanksgiving feasts and celebrations, we at Crowe are taking time to contemplate the immense gratitude we have for our clients and communities. We’re grateful for the opportunity to work and build relationships with all of you. 

Please note your Crowe Weekly Focus will not appear next Sunday, Nov. 30, as the entire Crowe U.S. team will be out for an extended time for the Thanksgiving holiday. The newsletter will resume on Sunday, Dec. 7. Happy Thanksgiving from all of us at Crowe! 
  
01   Registered Closed-End Funds of Private Funds: SEC Guidance

Accounting and Disclosure Information (ADI) 2025-16 updates SEC staff guidance for closed-end funds investing in private funds while reinforcing existing investor protections. Get more details from our team. (Long read)

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02   OBBBA Makes Enhanced Opportunity Zones Permanent

Beginning in 2026, the One Big Beautiful Bill Act(OBBBA) makes permanent enhanced qualified opportunity zone provisions originally enacted under the Tax Cuts and Jobs Act of 2017(Short read)

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03   10 Answers to Common Unclaimed Property Questions

Unclaimed property compliance can be complex. Get practical answers to frequently asked questions about unclaimed property law requirements. (Moderate read)

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04   Technology-Enabled Risk Assessments Transform Compliance

Find out how financial services companies can more confidently approach compliance issues and uncover strategic advantages with technology-driven risk assessments. (Moderate read)

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05   2025 Reporting Relief for OBBBA Tips and Overtime

The IRS provided transitional reporting relief for the OBBBA tip and overtime compensation requirements, but relief is limited to amounts paid in 2025. (Short read)

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Stay current on accounting: Get recent updates and decisions from the Financial Accounting Standards Board and the Securities and Exchange Commission. 
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Upcoming events 
  
  
Event Dec. 3-4
2025 Crowe Financial Services Conference: Indianapolis, IN

Connect with Crowe professionals and your peers in financial services throughout the Indianapolis area at this two-day event. 
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Event Dec. 4-5
2025 Crowe Financial Services Conference: New York, NY

Learn about key trends in financial services in the heart of it all. Attend this two-day event in Manhattan. 
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NEWLY ADDED | Webinar Dec. 4
Smarter Metals: Predict, Automate, and Adapt 

See how an AI-first business application platform built on Microsoft™ technology can transform metals companies. 
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NEWLY ADDED | Webinar Dec. 11
Federal Tax Policy Update: Key Insights & 2026 Outlook 

Learn about the evolving regulatory and administrative environment for tax, along with implementation of OBBBA provisions. 
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