As the Securities and Exchange Commission continues to increase its examinations of private equity firms brought about by new regulations under the Dodd-Frank Act of 2010, more information is becoming available regarding the general parameters of these exams. In late January, Bruce Karpati, Chief of the SEC Enforcement Division's Asset Management Unit gave remarks at a private equity conference and touched on matters including the SEC's perspective on private equity enforcement actions and certain industry practices in which the SEC has taken an interest. A transcript of Mr. Karpati's comments can be found here. In addition, on March 6, the Wall Street Journal's private equity blog commented on the SEC's examination of private equity firms . This article notes that the current examination phase by the SEC is expected to take about two years, as they look into roughly 4,000 registered private fund advisers. It also notes that the SEC's examination requests can be extensive, and describes specific documents that have been requested in certain examinations. Winston & Strawn LLP will continue to monitor events related to SEC examinations of private equity firms.