Regulation of the Private Markets

Regulation is responding to the growth of the private market. The proposed rule making that came out from the s c earlier this year around private funds was focusing on things like disclosures and transparency. I think it' sort of a secondary effect of the regulation ind policy makers that if there is more disclosure round private markets, it takes away one of the benefits of any being in the private markets. If they have to disclose a litany of things, i might as well just go public if i'm anough to disclose them  out of how the business is going to be owned.