Private Markets Roundtable
As retail access to private markets accelerates, the SEC is hosting a roundtable to discuss governance, valuation, and other considerations with the aim of promoting responsible retailization. The event will be open to the public and livestreamed on this page on the day of the event.
Please register in advance for in-person attendance. Registration is not required to view the webcast online.
Agenda and Panelists
| Time | Description | Speaker(s) |
|---|---|---|
| 1:00 - 1:05 | Welcome and Introductory Remarks | Brian Daly, Director, SEC’s Division of Investment Management |
| 1:05 - 1:10 | Opening Remarks | SEC Chairman Paul Atkins |
| 1:10 - 2:00 | Panel 1: When Two Worlds Collide Asset classes historically offered in the private markets continue to migrate into publicly offered vehicles as the lines between public and private continue to blur. What are the opportunities and challenges this presents for managers, investors, and regulators? What should the investing public consider?
| Moderator: Brian Daly Panelists: Cliff Asness, Founder, Managing Principal and Chief Investment Officer of AQR Capital Management Katie King, Partner, PwC John Finley, Senior Managing Director and Chief Legal Officer, Blackstone Marc Pinto, Managing Director and Global Head of Private Credit, Moody’s Ratings |
| 2:00 - 2:10 | Break | |
| 2:10 - 3:00 | Panel 2: Fund Governance As managers seek innovative ways to deliver exposure to private market assets in response to retail demand, what challenges does this present from a governance perspective? What opportunities does the industry have for improving fund governance? This panel will explore the perspective of the practitioner, including compliance with 2a-5, challenges presented by the asset class, and best practices. | Moderators: Blair Burnett, Branch Chief, Investment Company Regulation Office, SEC’s Division of Investment Management Michael Republicano, Assistant Chief Accountant, SEC’s Division of Investment Management Panelists: Pete Driscoll, Partner, PwC John Mahon, Partner, Cleary Gottlieb Steen & Hamilton LLP Jamila Abston Mayfield, Chief Regulatory Services Officer, Comply Blake Nesbitt, Chief Investment Officer, Cliffwater Bryan Morris, Partner, Deloitte |
| 3:00 | Concluding Remarks | Brian Daly |
As retail access to private markets accelerates, the SEC is hosting a roundtable to discuss governance, valuation, and other considerations with the aim of promoting responsible retailization. The event will be open to the public and livestreamed on this page on the day of the event.
Please register in advance for in-person attendance. Registration is not required to view the webcast online.
Agenda and Panelists
| Time | Description | Speaker(s) |
|---|---|---|
| 1:00 - 1:05 | Welcome and Introductory Remarks | Brian Daly, Director, SEC’s Division of Investment Management |
| 1:05 - 1:10 | Opening Remarks | SEC Chairman Paul Atkins |
| 1:10 - 2:00 | Panel 1: When Two Worlds Collide Asset classes historically offered in the private markets continue to migrate into publicly offered vehicles as the lines between public and private continue to blur. What are the opportunities and challenges this presents for managers, investors, and regulators? What should the investing public consider?
| Moderator: Brian Daly Panelists: Cliff Asness, Founder, Managing Principal and Chief Investment Officer of AQR Capital Management Katie King, Partner, PwC John Finley, Senior Managing Director and Chief Legal Officer, Blackstone Marc Pinto, Managing Director and Global Head of Private Credit, Moody’s Ratings |
| 2:00 - 2:10 | Break | |
| 2:10 - 3:00 | Panel 2: Fund Governance As managers seek innovative ways to deliver exposure to private market assets in response to retail demand, what challenges does this present from a governance perspective? What opportunities does the industry have for improving fund governance? This panel will explore the perspective of the practitioner, including compliance with 2a-5, challenges presented by the asset class, and best practices. | Moderators: Blair Burnett, Branch Chief, Investment Company Regulation Office, SEC’s Division of Investment Management Michael Republicano, Assistant Chief Accountant, SEC’s Division of Investment Management Panelists: Pete Driscoll, Partner, PwC John Mahon, Partner, Cleary Gottlieb Steen & Hamilton LLP Jamila Abston Mayfield, Chief Regulatory Services Officer, Comply Blake Nesbitt, Chief Investment Officer, Cliffwater Bryan Morris, Partner, Deloitte |
| 3:00 | Concluding Remarks | Brian Daly |
Last Reviewed or Updated: March 4, 2026