- Chairman Jay Clayton and Commissioner Michael Piwowar attended
- Handful of member representative shared positions on regulatory issues
- ILPA advocated continuing SEC oversight of private equity
The Institutional Limited Partners Association and SEC officials met Tuesday to discuss regulation of the private equity industry.
Attending were SEC Chairman Jay Clayton, President Donald Trump’s choice to head the agency, and Commissioner Michael Piwowar, a holdover from the Barack Obama administration, as well as ILPA member representatives.
ILPA spokeswoman Emily Mendell told Buyouts the organization was glad for the opportunity to speak with the new chairman. “The purpose of the meetings is to introduce the ILPA, discuss the role of our constituents and their beneficiaries in the PE industry, and share the limited-partner viewpoint with regards to SEC oversight of private equity,” Mendell wrote in an email.
Mendell said ILPA’s intention was to share its positions “on a number of regulatory issues, most certainly the importance of strong oversight of PE by the SEC. Other issues that ILPA is working on, such as the Lines of Credit guidance, may also come up.”
ILPA hopes the meeting will mark the start of an ongoing dialogue with regulators, as the group continues to advocate “strong, effective SEC oversight for a healthy private equity marketplace,” Mendell added.
Action Item: Contact the ILPA at https://ilpa.org/contact/