Senators probe SEC chair on private fund rules; Motive Partners sees opportunities with enhanced regulations

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Senators probe SEC chair on private fund rules; Motive Partners sees opportunities with enhanced regulations

Morning Hubsters!
This is Chris, on for Wire Wednesday.
Today we have reporting on a Senate hearing yesterday that dissected the SEC’s new private funds rules.
And a deal from Motive Partners that touches on opportunities created by enhanced regulations.
Regs

Senators took turns grilling SEC chairman Gary Gensler yesterday during a hearing in front of the Senate Committee on Banking, Housing and Urban Development – including on the commission’s new private funds rules.
Read more about the hearing and senators' concerns in the subscriber version of the Wire.
Opportunities

Speaking of the new rules, Motive Partners believes enhanced private markets regulation will drive demand for financial data, writes Nina Lindholm. Subscribers can dig into the deal on PE Hub.
That’s it for me! Have a great rest of your Wednesday. Hit me up with tips n’ gossip, feedback or book recommendations at christopher.w@pei.group or find me on LinkedIn.

Read the full Wire commentary on PE Hub ...

Also of note (may require subscriptions)

A ‘first-of-a-kind’ tax credit sale between Blackstone and Bank of America – fueled by the Inflation Reduction Act – is likely to be the first of many in a budding matchmaking service between big banks and renewable tax credit buyers. (Infrastructure Investor)
California’s massive teachers’ pension is in the early stages of overhauling its liquidity management program as it balances a highly illiquid portfolio against a growing need for cash to pay beneficiaries. (Buyouts)
Many women- and minority-led GPs are raising first-time funds; here is what LPs are looking for when there is no track record to analyze, according to investors at the Culture Shifting Summit. (New Private Markets)
Whitehorse Liquidity Partners, which closed its latest flagship fund in July, is seeking to raise 20 percent more than the target of that vehicle with its successor fund, Secondaries Investor has learned.
Agriculture finding its place within ‘new Washington consensus.’ Policies such as the USDA’s Partnerships for Climate Smart Commodities are putting regenerative ag higher on LP priority lists. (Agri Investor)
Boston-headquartered investment management firm Bain Capital is targeting Europe’s real estate debt market, with the launch of its first dedicated strategy for the asset class. (Real Estate Capital Europe)
General partners would do well to think about the most appropriate size fund to raise, as ongoing challenges in fundraising for venture capital funds look likely to continue for the foreseeable future. That was one piece of advice that limited partners shared with VC fund managers at the Culture Shifting Summit held in New York City last week. (Venture Capital Journal)