The regulation will be partially effective from June, but could still face a ‘full-scale rewrite.’
Firms should review whether capital from reinvestment or subscription credit lines should be included in IRR calculations.
The newly appointed head of the US financial regulator must divest direct and indirect holdings in at least 54 private markets funds.
Efforts to assess the effectiveness of the rule were discussed at a Monday meeting.
The investment bank has been granted a five-year extension to divest private market holdings.
Caroline Steil as a senior legal advisor from law firm Jones Day and will advise on the firm's secondaries activities.
Funds are using a range of valuation methodologies for unicorn companies, raising a red flag for the regulator.
The growth of the secondaries market has led to problems relating to publicly traded partnership rules becoming more common.
Overregulation could curtail growth and innovation in the asset management industry, delegates at a Luxembourg conference said.
The Volcker Rule and other aspects of the Dodd-Frank Act will be scrapped if the bill is passed.