The Investment Company Institute (ICI) wrote to the Securities and Exchange Commission to encourage the agency to approve a principles-based co-investment framework that would provide more flexibility for retail investment products. This would remove unnecessary barriers and allow everyday Americans to better access private markets.
Eric Pan, ICI president and CEO, commented, “This relief would be an important move toward expanding retail access to private market investment opportunities while maintaining the underlying protections of the Investment Company Act. It’s a great first step toward modernizing the regulatory framework around private investments and removing barriers to everyday Americans’ participation. This framework aligns with previous engagement between ICI and the SEC staff on co-investment, and we look forward to continuing to work with the SEC in this important area.”
As the U.S. initial public offering market has slowed, private markets have
