News & Events

Simpson Thacher’s Registered Funds Practice submitted a comment letter to the SEC in response to its Concept Release seeking comments “on possible ways to simplify, harmonize, and improve the exempt offering framework to promote capital formation and expand investment opportunities while maintaining appropriate investor protections.”

The letter argues that registered investment companies and business development companies may be one of the best ways to increase investor access to investment strategies that invest in private and growth-stage issuers, as significant investor protections are built in to the existing regulatory framework for these types of fund structures. They recommend that the SEC consider six regulatory reforms to remove key impediments that discourage regulated fund sponsors from offering private equity, private credit and other private markets investment strategies to a broader group of investors.

The Simpson Thacher team for the letter included Rajib Chanda and Kate O’Neil.

To read the letter in full, please click here.