Bill Myers
Bill Myers has been a journalist for more than two decades in Chicago, Cambodia and Washington, DC. He started his career at the late, great City News Bureau of Chicago (motto: "If your mother says she loves you—check it out").
With proposed reforms, regulators nudge and coax private funds towards ‘tickerisation’.
Issues around private credit valuations and payment-in-kind instruments are on US Securities and Exchange Commission regulators’ radars, according to body officials.
Examiners ask about funds by name in opening requests. Enforcement has picked up the scent, too, Private Funds CFO has learned.
Bay State regulators widen the blast radius.
‘We’re taking it seriously,’ SEC chairman tells Milken Institute in frankest assessment yet of recent runs.
Runs draw down political capital, as examiners step up focus on disclosures, possible conflicts and valuation of funds.
The economic troubles of the asset class are causing political problems for the industry as regulators rethink some of their 'light touch' promises.
The announced FAQs offer new flexibility around net portfolio reporting and testimonials from those with SRO disciplinary histories.
While the EO is encouraging, significant regulatory and legal hurdles remain before it can be fully implemented, point out some PE pros.
For now, private equity can breathe a sigh of relief.