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Expert Analysis

What To Know As SEC Looks To Expand Private Fund Access

By Sasha Burstein, George Zornada and Jennifer Klass ( July 28, 2025, 4:37 PM EDT) -- Expanding retail access to private markets is emerging as a significant focus for the newly appointed U.S. Securities and Exchange Commission Chairman Paul Atkins, which he has highlighted in recent speeches, including at this year's SEC Speaks in May. The commission is reconsidering long-standing restrictions on retail participation in private equity, real estate and credit strategies, aiming to democratize opportunities historically limited to institutions....

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