Product Description
This case study is designed to introduce students to the private equity market and regulators’ attempts to safely expand access to it. It provides a background of private equity regulation in the United States, including some of the concerns that motivated the original definition of an accredited investor. Students should finish the case study with a basic understanding of what a private equity fund is, how it differs from public equity, who can invest under the 2020 rules, and what the SEC’s role is in the fund’s regulation.