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Chris Witkowsky

Rising expenses, and the challenge for many LPs of getting the financial data they need to justify the costs, are leading to misalignment between managers and their fund investors.
The SEC is exploring potential rulemaking around GPs’ disclosure of fees, expenses and conflicts, the chairman said last month.
The SEC under president Biden is expected to take a more aggressive role in regulating and punishing bad practices across corporate America, including private equity.
Firms should focus beyond the Commission's 'hot topic' compliance issues and understand their own individual vulnerabilities. 
Rozenblit announced this week the launch of his firm, Iron Road Partners, to work with alternatives shops on preparing for regulatory examinations and investigations, among other things.
There is a growing trend of GPs finding ways to hold certain assets longer than allowed under traditional private equity fund structures.
The SEC under President Biden is expected to take a more aggressive role in regulating and punishing bad practices across corporate American, including private equity.
Sharing deficiency letters is one aspect of a bill introduced in 2019 called Investment Adviser Alignment Act that has been backed by major institutional investors.
Critics of private equity have long considered this a loophole that allows already-wealthy private equity GPs to pay less than regular workers.
Pardee formed Mercury along with partners Michael Ricciardi, Mercury’s chief executive, and Enrique Cuan in 2009 after spinning out of Merrill Lynch’s private fund placement group in 2009.
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