On November 20, 2025, Securities and Exchange Commission (“SEC”) Commissioner Mark Uyeda delivered remarks at the ICI Retail Alternatives and Closed-End Funds Conference outlining what he characterized as a “diversification deficit” within today’s 401(k) system. The Commissioner asserted that most retirement savers lack access to private market investments that might improve their long-term outcomes. He
Negotiating Private Investments: Structuring Strategies Using Preferred Stock, Convertibles, and Warrants
- The equity and equity-linked private placement market, including the emergence of unicorns and mega-rounds and the entry
SEC Committee Signals Support for Expanded Retail Access to Private Markets
On September 11, 2025, the Securities and Exchange Commission’s (“SEC”) Investor Advisory Committee (“IAC’) released a draft report titled Retail Investor Access to Private Market Assets. The report adds to the growing policy momentum favoring reform of the eligibility criteria for investors in private offerings and reform of the regulatory framework applicable to pooled
Staying on Message: Practical Strategies to Navigate Pre-IPO and De-SPAC Communications
Webinar | September 10, 2025
1:00 a.m. – 2:00 p.m. EDT
Register here.
Join Solebury and Mayer Brown for a webinar on legal, regulatory, and strategic issues arising in connection with offering related communications, especially in connection with an IPO or a de-SPAC transaction. Panelists will offer practical guidance for remaining compliant with securities
SEC Staff Issues Guidance on Registered Closed-End Funds of Private Funds
On August 15, 2025, the Staff of the Division of Investment Management (the “Staff”) of the Securities and Exchange Commission (the “SEC”) issued guidance in the form of new Accounting and Disclosure Information (“ADI”), “ADI 2025-16 – Registered Closed-End Funds of Private Funds.” In the past, Staff comments often prompted closed-end funds that
White House Issues Executive Order Broadening Access to Permanent Capital Vehicles
On August 7, 2025, the White House issued an executive order intended to expand access to alternative assets through retirement plan vehicles. The initiative reflects a broader regulatory shift toward facilitating retail investor participation in private markets.
The executive order directs the Secretary of Labor to reexamine and clarify existing Department of Labor guidance concerning
A Guide To Permanent Capital Vehicles As Access Widens
Permanent capital vehicles are growing increasingly popular as a means of providing long-term exposure to illiquid assets such as private equity and private credit assets. Recent and anticipated regulatory reforms and evolving market trends have the potential to expand access to private markets and alternative assets, particularly for retail investors who previously were foreclosed from
BDC Facts & Stats
In recent years, non-bank lending to private equity-owned, small- and middle-market companies has increased significantly. Within this growing sector, private and non-traded BDCs have outperformed other non-bank lenders in many respects. Private and non-traded BDCs have demonstrated notable advantages in terms of portfolio return and quality and investor alignment, and they often benefit from less
A Discussion on Private Markets & Private Credit with Carta & Mayer Brown
June 17, 2025
Mayer Brown LLP, 14th Floor, 1221 Avenue of the Americas, New York, NY 10020
Register here.
Join Carta and Mayer Brown for a discussion about the evolving landscape of private markets and the implications for retail access and regulatory reform.
Agenda
5:00 p.m. – 5:15 p.m.
Registration
5:15 p.m. –
Interval and Tender Offer Funds Expected to Benefit from Private Credit Expansion
An important trend discussed at the 2025 Milken Institute Global Conference was the integration of private credit into retail investor portfolios. Assuming certain regulatory challenges can be overcome, this development would expand offering opportunities for retail investors. Speakers highlighted the rapid expansion of the private credit market, which is projected to grow to $2.3 trillion