SEC Preps Plan to Widen Investor Access to Private Markets
Action Required: Monitor SEC rulemaking updates to understand how changes to 'qualified client' definitions will impact current fee agreements and private placement offerings.
The SEC is preparing a plan to expand investor access to private markets, potentially altering the criteria for charging performance fees. This regulatory shift could broaden the client base eligible for private market investments, requiring advisors to adjust their fee structures and compliance protocols.
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