Chris Witkowsky

The SEC is exploring potential rulemaking around GPs’ disclosure of fees, expenses and conflicts, the chairman said last month.

The SEC under President Biden is expected to take a more aggressive role in regulating and punishing bad practices across corporate America, including private equity.

Firms like Thoma Bravo have capitalised on the growing opportunity for deals and LP desire to tap into the frantic growth of the tech sector.

The hope is that the transition remains amiable and smooth, in which case the existing GP will retain economic rights.

LPs appear to want to appoint a new manager to keep the portfolio running because the investments have performed well so far.

Buyouts spoke with several GPs about how they are factoring potential inflation into their existing portfolios and into future deals.

The lobby group wants the SEC to clarify several high-level issues in private equity, including for GPs to share regulatory examination findings with LPs.

The leadership changes on the firm's small-cap and mid-market funds are understood to have not required key-person approvals by limited partners.

The SEC under President Biden is expected to take a more aggressive role in regulating and punishing bad practices across corporate American, including PE.

Pardee formed Mercury along with partners Michael Ricciardi, Mercury’s chief executive, and Enrique Cuan-Ruiz in 2009 after spinning out of Merrill Lynch’s private fund placement group in 2009.