R to @GaryGensler: I believe it would bring greater visibility for regulators into an important part of our capital markets.
That will help protect investors & maintain fair, orderly, & efficient markets.
More on the rule: https://sec.gov/news/press-release/2022-141
Submit your comments: http://sec.gov/comment
Ever since @SECGov@CFTC jointly adopted Form PF, regulators have gained vital insight regarding private funds.
To date, though, the private fund industry has grown in gross asset value by nearly 150% & evolved in terms of business practices, complexity & investment strategies.