Public policy efforts took center stage at the ACG Charlotte Middle-Market Policy Summit hosted on Feb. 19. The program detailed the Association for Corporate Growth’s engagement with policymakers and regulators to shape the narrative around middle-market private capital investment.
During the summit’s “Impact on the Middle Market” panel, four industry professionals shared their experiences advocating on Capitol Hill on behalf of ACG and the middle market.
Panelists included Gary LaBranche, ACG Global’s president and CEO; Brent Kulman, director of business development at BB&T Capital Partners; Gretchen Perkins, a partner at Huron Capital Partners; and ACG Global’s outside regulatory counsel, Scott Gluck of Venable LLP.
The panelists encouraged ACG members to become more involved on policy matters and shared information about the organization’s Private Equity Regulatory Task Force—or PERT—comprised of middle-market private equity compliance officers, financial officers and in-house legal counsels. PERT focuses on fostering communication with the Securities and Exchange Commission on behalf of middle-market private equity funds.
As ACG Global’s LaBranche explained during his opening remarks, the association has existed for over 60 years yet has only recently engaged in lobbying or policy matters. The financial crisis and the significant regulatory requirements imposed on the financial industry sector through the Dodd-Frank Act led ACG to recognize the importance of educating members of Congress, their staff and federal regulators about the contribution of the middle-market sector.
Over 50 ACG members and guests attended the summit, which was sponsored by Ridgemont Equity Partners, a Charlotte-based middle-market private equity fund. ACG expects other chapters to follow suit and host policy summits of their own. Those interested should contact Amber Landis, ACG Global senior director of public policy, at email@example.com.