After Rashad had his first piece published on CAIA’s blog, AllAboutAlpha, we had some broader discussions with Bill Kelly and Aaron Filbeck about the implications of the DOL decision regarding private equity investments, and the SEC’s discussion regarding the definition of an accredited investor.
Category: Regulatory Matters
Over the last year, there have been notable changes to the sentiment and regulation surrounding the private market and access for its participants. These changes have the potential to usher in a broader investor base and channel additional capital into this market, resulting in greater efficiency that is much needed in private markets.
Across the globe, investors look to their public market indices to provide an indicator of potential economic growth. Stock markets provide a near-daily scoring of global economies and act as a barometer for investor sentiment. Investing in public markets is also the main tool for individuals to build wealth, save for retirement, and build financial success.
Over time, alternative investments, powered by the issuance of private securities in the form of equity and debt, have grown and become a larger market and have become a larger percent of diversified institutional investment portfolios.
On June 18, 2019, we reviewed the SEC concept release on the harmonization of securities offering exemptions. The SEC requested public comments to simplify the exempt offering framework while maintaining appropriate investor protections. This resonated deeply with our team and mission
Over the past 15 years, the structure of capital markets in the US has changed. While the number of companies listing their securities and raising capital in public markets has steadily declined, the number of private issuances aimed at raising capital in private markets has steadily increased