Reed’s amendment to the Senate’s financial regulatory reform bill would require private equity and venture capital fund managers with more than $100 million adviser to register with the SEC. The amendment would also ensure that the new advisor registration threshold does not weaken existing oversight.
Responding to administrative burdens, the State of Wisconsin Investment Board is seeking a consultant to help the pension monitor its sprawling private equity portfolio.
The Health Care and Education Affordability Reconciliation Act of 2010, which President Obama signed into law 30 March, includes Medicare tax provisions that will negatively impact fund managers and investors.