WASHINGTON, D.C. (April 14, 2021) -- SEC Commissioner Hester M. Pierce released a public statement, "Rethinking Global ESG Metrics," on Wednesday. Read more > ### About the Small Business Investor Alliance (SBIA) The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works on behalf [...]
WASHINGTON, D.C. (April 14, 2021) -- The Senate voted 53-45 to confirm Gary Gensler as Securities and Exchange Commission chairman. The SEC issued a congratulatory statement on Gensler's confirmation. Roll Call: Senate confirms Gensler to lead SEC Bloomberg (Paid Subscription): Gensler Confirmed for SEC Setting Him up to Police Wall Street Watch: Gary Gensler has a full agenda as he [...]
WASHINGTON, D.C. (April 12, 2021) -- The SEC’s Division of Examinations has released a risk alert regarding the offering of environmental, social and governance (ESG) products by investment advisers, registered investment companies, and private funds. The alert acknowledged increased demand from investors for products that incorporate ESG criteria; however, it noted that SEC staff has observed deficiencies [...]
WASHINGTON, D.C. (April 9, 2021) -- The 2021 Global Private Equity Report by Bain & Company looks at trends that are changing the PE landscape, including ESG/sustainability, virtual selling, and SPACs. The report examines the 2020 disruption and what it means for the future. Download the report > See more Bain & Co insights > ### [...]
WASHINGTON, D.C. (April 9, 2021) -- Based on RSM's latest data, policymakers, investors and chief executive officers should prepare for an economic boom as the real economy recovers and enters expansion this year. Read the Middle Market Business Index: March 2021 > ### About the Small Business Investor Alliance (SBIA) The Small Business Investor Alliance [...]
WASHINGTON, D.C. (March 25, 2021) -- During the House Ways and Means Oversight Subcommittee hearing, “Examining Private Equity’s Expanded Role in the U.S. Health Care System”, Subcommittee Chair Bill Pascrell (D-NJ) called for increased transparency around private equity ownership. Republicans voiced support for a bipartisan investigation of COVID-19 nursing home deaths. Witnesses stated private equity ownership of nursing homes [...]
WASHINGTON, D.C. (March 19, 2021) -- The House Financial Services Subcommittee on Diversity and Inclusion held a hearing entitled “By the Numbers: How Diversity Data Can Measure Commitment to Diversity, Equity and Inclusion” to discuss efforts to improve diversity and inclusion (DNI) within the financial services sector. Read more > ### About the Small Business [...]
WASHINGTON, D.C. (March 19, 2021) -- U.S. Rep. Maxine Waters (D-CA), Chair of the House Committee on Financial Services, and U.S. Rep. Joyce Beatty (D-OH), Chair of the Financial Services Subcommittee on Diversity and Inclusion, sent requests to 31 of the country's largest investment firms asking for their diversity and inclusion data and policies. See the list of firms [...]
WASHINGTON, D.C. (March 15, 2021) -- On Friday, March 14, SEC Commissioner Carolyn A. Crenshaw gave a keynote address at the 8th Annual Conference on Financial Market Regulation (CFMR) where she singled out information regarding private markets and the “lack of good data” on private issuers and offerings. Read her speech > ### About the [...]
WASHINGTON, D.C. (March 11, 2021) -- On Thursday, March 11, the President signed into law the “American Rescue Plan Act of 2021,” which provides additional relief to address the continued impact of the COVID-19 pandemic on the economy, public health, State and local governments, individuals, and businesses. Axios: Biden signs $1.9 trillion COVID relief bill ### [...]