ACG Releases Results of One-of-a-Kind Middle-Market Private Equity Compliance and Regulatory Survey

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More Than 200 Middle-Market Private Equity Firms Weigh In

“The survey shows that CFOs, COOs and compliance offices are working diligently to familiarize themselves and understand the growing array of regulatory burdens", said Pam Hendrickson, COO of The Riverside Company and Past ACG Global Chairman.

The Association for Corporate Growth®, the global organization focused on driving middle-market growth and the “voice of the middle market,” is releasing the key findings of its ACG SEC Task Force Survey. With more than 200 responses from a pool of 780 private equity firms, the 25% response rate will give meaningful data and insight for the middle-market private equity industry. The survey targeted chief compliance, financial and operations officers, as well as in-house legal counsel. The final report identifies the top compliance and regulatory concerns impacting small and midsize private equity firms.

“Middle-market private equity firms face an increasingly complex regulatory environment” said Gary A. LaBranche, president and CEO of ACG. “The results of this survey will guide ACG’s strategy and outreach with SEC officials and other policymakers.”

Today, ACG will release the results of the survey during a one-hour webinar at 2:00 p.m. EDT featuring Pamela Hendrickson, chief operating officer of The Riverside Company and immediate past chair of the ACG Global Board of Directors, as one of four presenters.

“The survey shows that CFOs, COOs, and compliance offices are working diligently to familiarize themselves and understand the growing array of regulatory burdens. Compliance efforts divert time and attention from growing middle-market companies and providing value to our investors,” said Hendrickson.

The results of the survey will help ACG refine its strategic plan to enhance communications and outreach regarding compliance issues with key regulators and legislators in Washington, D.C.

Key findings include:

1.    Middle-market private equity officers are concerned with a broad range of issues:

a.    SEC Examinations
b.    Investor Advisor Act Compliance
c.    Valuations
d.    Confusion About General Solicitation Rules
e.    Legislation
f.     Fees and Expenses
g.    Broker-Dealer Registration for Private Equity Firms
h.    Cybersecurity

2.    SEC Presence Exams appear to have improved over time
3.    The SEC could improve its outreach to the middle-market private equity industry
4.    Respondents want the ACG SEC Task Force to carry out a broad range of activities

For questions, please contact Amber Landis, director or public policy, at alandis(at)acg(dot)org.


About Association for Corporate Growth
ACG’s 14,500 members include professionals from private equity firms, corporations and lenders that invest in middle-market companies, as well as from law, accounting, investment banking and other firms that provide advisory services. Founded in 1954, ACG is a global organization with 57 chapters. Learn more at ACG drives middle market growth. Learn how at

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