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Members of ACG’s Private Equity Regulatory Task Force Convene for Two Days with Policymakers
May 21, 2015, CHICAGO—The Association for Corporate Growth® (ACG), the global organization focused on driving middle-market growth, held its inaugural ACG Private Equity Regulatory Task Force (PERT) Fly-in event in Washington, DC this week. ACG formed PERT in October 2014, gathering middle-market private equity chief compliance, financial and legal officers, to help address regulatory challenges faced by middle-market private equity funds. More than 20 middle-market private equity professionals from around the country gathered to discuss policy and regulatory compliance best practices with executive and legislative branch decision makers.
The two-day event included roundtable sessions with lawmakers from the House Financial Services Committee and regulators with the U.S. Securities and Exchange Commission. The schedule also featured information-packed sessions and updates from Bloomberg Intelligence highlighting industry topics for the middle-market private equity industry in the 114th Congress.
"The goal of this event is clear: to build and strengthen relationships between middle-market private equity practitioners and lawmakers," said April Evans, partner, chief financial and compliance officer of Monitor Clipper Partners and PERT co-chair. "It is important that the industry steps up to the plate to educate our policymakers about middle-market private equity and the industry’s ongoing efforts to add clarity and transparency in how we operate our firms and the investors we serve."
PERT members also discussed the creation of industry best practices, called "PERT Principles." As these are developed, PERT expressed the desire to work with all stakeholders, legislators and regulators to develop guidelines and enhance compliance programs for middle-market private equity firms.
"The Washington, D.C. Fly-In provides the opportunity for PERT members to have dialogue and direct contact with legislators and regulators in the education and advocacy initiatives around middle-market private equity firms. This engagement is crucial to our industry’s continued ability to contribute to the growth of the middle market and the mission of PERT," said Richard Jaffe, partner with Duane Morris LLP and incoming ACG Global Chairman.
For more information about ACG, please visit www.acg.org.
Contact: Amber Landis, Vice President, Public Policy
Telephone: 312-957-4272
Mobile: 231-740-5194
Email: alandis@acg.org
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About Association for Corporate Growth
Founded in 1954, ACG has 59 chapters across the globe. ACG’s worldwide network comprises 90,000 professionals within the middle market, including 14,500 members who serve as the investors, lenders, owners, executives and advisers to growing middle-market companies. ACG’s mission is to drive middle-market growth.
May 21 2015