Igor Rozenblit, co-leader of the Private Funds Unit (PFU) of the SEC Office of Compliance Inspections and Examinations, shared his expertise in a panel at PLI’s Hedge and Private Fund Enforcement & Regulatory Developments 2015 event. Among other topics covered during the session entitled “SEC Inspections and Examinations of Private Equity and Hedge Funds,” Rozenblit discussed the operations and priorities of the PFU. This article summarizes the key takeaways from Rozenblit’s remarks. For additional commentary from Rozenblit, see “Operations and Priorities of the Private Funds Unit” (Sep. 24, 2015); and “SEC’s Rozenblit and Law Firm Partners Explain the SEC’s Enforcement Priorities and Offer Tips on How Hedge Fund and Private Equity Managers Can Avoid Enforcement Actions (Part Three of Four)” (Jan. 15, 2015).