The US Alternative Assets Industry Wins a Battle Against the SEC

Private Fund Adviser Rule (PFAR)

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Autor: Magdalena Martínez

The AIC called the PFAR “illegal, unjustified, and ultimately harmful to investors.” Drew Maloney, the association's president and CEO, described the court ruling as “a victory for thousands of businesses across the United States that need capital to grow and millions of workers who rely on private equity and credit to strengthen their retirements”

Jennifer Choi, Executive Director of the Institutional Limited Partners Association, has warned that without mandatory minimum standards for critical information on performance, fees, and expenses, LPs will have to negotiate terms “that should be common sense”