SEC’s Private Markets Roundtable: Responsible Retailization, Valuation, and Governance
Key Regulatory Perspectives on Retail Access to Private Markets
As private market assets move into publicly offered vehicles, the SEC’s Private Markets Roundtable, held on March 4, 2026, examined what responsible retailization requires across governance, valuation, and disclosure.
The discussion focused on the structural tension between illiquid, infrequently priced assets and public fund frameworks, including challenges related to continuous pricing, model-based valuations, and transparency expectations. It also addressed board oversight, valuation committee rigor, and product-control alignment for funds offering frequent NAVs.
Together, these insights provide a concise view of the regulatory expectations shaping interval funds, tender-offer funds, and BDCs as retail exposure continues to grow.
Complete the form below to receive the full roundtable summary.
