On September 30, 2026, the Securities and Exchange Commission proposed measures intended to broaden access to private equity, private credit, real estate, and venture-capital investments. The initiative includes five separate notices concerning potential accredited-investor eligibility for accountants, chartered financial analysts, certified financial planners, investment-banking license holders, and licensed research analysts.
A separate proposal would expand the circumstances in which investment advisers may charge performance fees linked to clients’ capital gains, moving beyond the existing qualified-client limitations described in the report. Another proposal would permit monthly redemptions and additional share classes for closed-end funds. Industry supporters welcomed broader investment opportunities, while critics raised concerns about investor protection, valuation, and incentives for advisers to take greater risks.
The measures remain proposals subject to public comment, not permissions already in force. For wealth managers, fund sponsors, and families evaluating private-market allocations, the central issue is how broader access would interact with liquidity limitations, valuation practices, and conflicts arising from performance-based compensation.
Source: Reuters