Subject: Re: growth & components
suddenly, a huge wave of new retail marks for PE looks promising?

...Biden administration opposed allowing 401(k) plans to invest in private markets believing such a move would endanger retirees.
However, William Birdthistle, the SEC’s outgoing director of the division of investment management, said in a Dec. 3 New York Times opinion piece that he believes a Trump administration will be lobbied by the industry—which supported Trump’s presidency—to allow it.
Birdthistle argued against the change, saying that “private funds, by operating largely outside of securities regulations, engage in riskier investing behavior and are not transparent about their activities. Should anything go amiss with those investments, the losses would fall upon American nest eggs. Then it would be millions of ordinary Americans, not just wealthy fund managers, seeking government support for poorly performing private funds,” he concluded.

as of ~2 years ago, brookfield had the least exposure to PE among the major alts providers, as estimated by 3rd-party.

https://www.institutionalinves...