Form PF is a confidential reporting form that private fund advisers must file with the U.S. Securities and Exchange Commission (SEC). The form requires advisers to report regulatory assets under management to the Financial Stability Oversight Council (FSOC), which was established to monitor financial sector risks.
The Dodd-Frank Act, signed into law by former President Obama in response to the 2008 financial crisis, led to the SEC requiring Form PF. The first filing of Form PF was in 2012.
Form PF applies to SEC-registered managers of private equity funds, real estate funds, hedge funds, and liquidity funds with at least $150 million in private fund assets.
The FSOC uses the information from Form PF to gain insight into the risk profiles and behaviors of private funds.