Washington, D.C. — MFA President and CEO Bryan Corbett issued the following statement in response to Securities and Exchange Commission Chairman Paul Atkins’ announcement that the Commission will reevaluate the longstanding staff position that limits closed-end funds from investing more than 15% of their assets in private funds:
“Individual investors have been shut out from private markets for too long. Reevaluating the arbitrary limits on how much closed-end funds can invest in private funds will give everyday Americans more opportunities to save for retirement, build wealth, and diversify their portfolios. We look forward to working with Chairman Atkins on ways to responsibly expand access to private funds.” — MFA President and CEO, Bryan Corbett
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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.
