London, UK — MFA issued the following statement in response to the Financial Conduct Authority’s (FCA) review of private market valuation practices:
“The FCA report confirms that the private credit industry employs robust valuation processes that strengthen capital markets by being independent, fair, and transparent for investors, including pensions. Cementing London as a hub for private credit funds will enhance UK economic growth and competitiveness. Private credit is a vital source of capital for UK businesses of all sizes, supporting job creation and innovation. MFA looks forward to continuing to work with the FCA to help the UK meet its growth objectives.” — Rob Hailey, MFA Head of EMEA Government Affairs
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About the global alternative asset management industry
The global alternative asset management industry — including hedge funds, private credit funds, and hybrid funds — serves thousands of public and private pension funds, charitable endowments, foundations, and other global institutional investors. The industry provides portfolio diversification and risk-adjusted returns to help meet their funding obligations and return targets throughout the economic cycle.
About MFA
Managed Funds Association (MFA), based in Washington, D.C., New York City, Brussels, and London, represents the global alternative asset management industry. MFA’s mission is to advance the ability of alternative asset managers to raise capital, invest it, and generate returns for their beneficiaries. MFA advocates on behalf of its membership and convenes stakeholders to address global regulatory, operational, and business issues. MFA has more than 180 fund manager members, including traditional hedge funds, private credit funds, and hybrid funds, that employ a diverse set of investment strategies. Member firms help pension plans, university endowments, charitable foundations, and other institutional investors diversify their investments, manage risk, and generate attractive returns throughout the economic cycle.
