Private equity looks to “democratize” as SEC ramps up priorities (Institutional Investor)

The private equity industry continues to evolve beyond its traditional institutional investor base by seeking to expand access to individuals that meet the definition of an accredited investor. A recent example is the iCapital KKR Private Markets Fund, and a statement by KKR terms the investment opportunity as an avenue to “democratize” access to private equity for the accredited investor. Amy Lynch, FrontLine’s Founder and President, describes this type of offering as a potential win-win as long as proper disclosures are made and investors understand the illiquidity risks involved with investments in private markets. Ms. Lynch also expects that the SEC will be focusing more in the private fund arena in all capacities. See Institutional Investor, “KKR Moves to ‘Democratize’ Private Equity as SEC Signals Industry Scrutiny“