Data & Intelligence

SEC “Concept Release” Explores Harmonizing Private Offering Exemptions

On June 18, 2019, the United States Securities and Exchange Commission (SEC) published a concept release inviting input to an initiative that could end with broad harmonization of the many rules that apply to private securities offerings in the United States. SEC Chairman Jay Clayton has called the existing framework an “elaborate patchwork,” and improving it appears to be a priority for him. The concept release contains no specific rule proposals but raises 138 different questions for consideration. Comments are requested before September 24, 2019. Commenters are likely to include individual investors; companies, investment funds, and other issuers; financial services firms; industry trade groups; academics; law firms; retirement savings groups; consumer organizations; and many others.

EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

EMPEA plays an important and energetic role across the markets it represents, driving outreach and research initiatives, and promoting the role of private capital.

Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members.

Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company