ILPA, CalSTRS among those backing SEC’s private funds rule

2024-01-05T15:14:54-08:00January 4th, 2024|Categories: SEC|Tags: , , , |

By Brian Croce Source: Pensions & Investments The Institutional Limited Partners Association, Council of Institutional Investors and 11 public pension funds, including CalSTRS, have filed an amicus brief in federal court supporting the SEC in a lawsuit brought by industry groups seeking to overturn a new SEC rule requiring increased disclosure from private fund advisers and prohibiting certain fee arrangements. "The private fund adviser rules, at their core, are about protecting those benefiting by institutions' investments in private funds [...]