The Volcker Rule and other aspects of the Dodd-Frank Act will be scrapped if the bill is passed.
Author Archive | Claire Wilson
The distribution waterfall, a narrowing between gross and net IRR spreads and disclosure and transparency are among the key terms and conditions driving the GP-LP dynamic, according to the law firm.
Investors in the fund, which has no minimum commitment, can sell their stakes after 60 days.
Tricia Mackechnie will lead the firm’s global IT team from its Boston headquarters.
Brokers will be able to offer private equity investment to 401(k) clients if the rule is written off before its April implementation.
Trump’s Friday executive order called for a review of the rule which hinders big banks investing in private equity funds.
The former Federal Reserve chairman told PEI’s CFOs and COOs Forum that the Act, which includes the Volcker Rule, was “embedded in the system”.
Of keen interest to everyone in private equity: the SEC’s focus is likely to switch from implementing the Dodd-Frank Act to unravelling it.
Jeb Hensarling said rolling back the act is a top 10 priority for the incoming administration.
The New York-based private equity lawyer has been nominated as chairman of the SEC by President-elect Donald Trump.