SEC inquiry targets PE asset valuation mechanisms
Private equity firms have been asked to disclose to US regulators information on how they value assets, as well as on areas including fundraising and fund formation, as part of an informal inquiry into the industry. The Securities and Exchange Commission (SEC) made its request last year, giving PE firms until the end of December to hand over the relevant documents.
The SEC has paid closer attention to private equity since the global financial crisis and news of this inquiry suggests it is scaling up efforts to police the asset class. The regulator now has an inventory...
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