An independent research organization recently published a report advocating for the expansion of private equity investment opportunities.
The Committee on Capital Markets Regulation, co-chaired by R. Glenn Hubbard, Dean of Columbia Business School, and John L. Thornton, Chairman of the Brookings Institution, released a report titled “Expanding Opportunities for U.S. Investors and Retirees: Private Equity.”
The report explores the empirical data surrounding the superior performance, returns, and low volatility of private equity funds.
In addition, it discusses the current restrictions on access to investment in private funds and proposes that the SEC expand access to public closed-end funds that primarily invest in private equity funds (currently only accessible to accredited investors).
Lastly, it examines the implications of allowing defined benefit, but not defined contribution, retirement plans to invest in private equity and advocates the expansion of private equity options in 401(k) plans.
This report represents a significant step in the advocacy efforts of expanding access to private equity investment to encourage economic growth across the nation.