The Small Business Investor Alliance (SBIA) held its annual
Midwest Private Equity Conference in Chicago on May 29-30, 2014.
Co-sponsored by the law firm of McGuireWoods LLP, this
year’s conference focused on the state of the lower middle
market and on Securities and Exchange Commission (SEC) private fund
examinations.
SEC examiners Matthew Harris and Bradley Kartholl − both
members of the SEC’s Private Fund Exam Unit and the Private
Fund Working Group, which are co-chaired by Igor Rozenblit and Marc
Wyatt − discussed the Dodd-Frank Act and the SEC’s
current presence examination initiatives with respect to registered
private equity advisers. These examinations aim to assess issues
and risks of the private equity industry. For example, to curb any
misaligned incentives, the SEC examiners often will focus on:
