Private Fund Update - June 2, 2014

The Senate returns to action this week while the House is out of session. This update includes:

• Last week's launch of the Congressional Caucus for Middle Market Growth, sponsored by the Association for Corporate Growth (ACG), GE Capital, and the National Center for the Middle Market;
• The results of last month's House Financial Services Committee markup on multiple JOBS Act 2.0 bills;
• The recent Financial Stability Oversight Counsel (FSOC) conference on the asset management industry;
• The Department of Labor's decision to delay its final rule imposing fiduciary standards on advisers who provide retirement advice; and
• A report by the Private Equity Growth Capital Council (PEGCC) finding that PE activity reached a five-year Q1 high last quarter, although overall fundraising and deal activity declined from the previous quarter.