PEO: Is the private equity industry aware of how Sarbanes-Oxley will affect the way they do business?
MD: In general, the Sarbanes-Oxley Act applies to companies that have registered securities (debt, equity, or both) under the US securities laws. Most frequently private equity firms hold positions in “private companies,” which do not have registered securities.
“A manager who understands the new rules can be very helpful to his portfolio companies”
Mark Director of Kirkland Ellis discusses the implications of Sarbanes-Oxley for the private equity industry.
