Firm Wire items are announcements made by the firms themselves. The desk confirms that the announcement was published and reproduces its factual content. It does not verify the claims in it, and publication is not an endorsement.
McDermott Will & Schulte says its lawyers discussed SEC private-market proposals with the press
McDermott Will & Schulte said Marc Elovitz and John Fitzgerald discussed SEC proposals to expand retail access to private markets in the Financial Times, Ignites and Pensions & Investments. The firm’s account said their commentary addressed performance-based compensation, interval fund rules and share-class structures for registered investment products.
Key points
- McDermott Will & Schulte said Elovitz leads its Investment Management Regulatory Group.McDermott Will & Schulte
- The firm said Fitzgerald discussed whether fee changes could encourage private managers to offer registered funds.McDermott Will & Schulte
- McDermott Will & Schulte said Elovitz addressed removing individual exemptive-relief requirements for multiple share classes.McDermott Will & Schulte
- The firm said Fitzgerald emphasized investor demand when assessing new registered-fund strategies.McDermott Will & Schulte