Today ILPA answered the U.S. House of Representatives Financial Services Committee’s call for feedback on legislative proposals that address increasing investor access and facilitate capital formation. Specifically, ILPA offered the opportunity for direct engagement to ensure any legislative actions are designed in a way that sets the industry—and member LPs—up for success.

Letter excerpt:

“ILPA and its members recognize the importance of the policy objectives of the legislative proposals and questions posed by the House Financial Services Committee. As consideration is put forward to increase access to private investments – through avenues such as adjusting the accredited investor criteria and expanding retail and retirement investment access – the importance of the industry’s focus on governance, transparency and alignment of interest, and the associated impact on business terms and investment decisions, only increases. The proper design of these foundational facets of the PE industry is crucial; it will ensure the entire industry is well situated to contribute to and strengthen the economy and create lasting opportunities for the millions of Americans who benefit from PE.”

Get the letter: ILPA Comment Letter: U.S. House Financial Services Committee – Investor Access and Capital Formation