Subject: File No. S7-08-20
From: Itamar Rogel
Affiliation: Tech Entrepreneur, Executive and Investor

July 14, 2020

Dear SEC,

As an individual investor who (also) invests in small, single-GP funds, I respectfully ask you to reject this proposed change.

Increasing the AUM threshold for the reporting requirement will not affect costs of small funds and investor in any real way. Rather, it will hurt transparency and trust in the market, at a time when we need to strengthen it most. It will also reduce the competitiveness of the markets.

Please, reject this proposal.

Thank you,
Itamar Rogel