On March 18, 2021, the Committee submitted a second letter to the SEC’s Asset Management Advisory Committee (“AMAC”) and its Private Investments Subcommittee regarding the public offering of registered closed-end funds of private equity funds.

The letter provides AMAC with additional information regarding how these registered closed-end funds of private equity funds could list on an exchange: through (1) an initial public offering as a typical closed-end fund, (2) direct listing, and (3) a warehousing approach. The Committee believes that warehousing is the best approach for listing closed-end funds of private equity funds on a U.S. stock exchange.

 

The letter is available here.