SEC Releases Reports on Capital Formation and Beneficial Ownership
May 28, 2025
The SEC has released several reports that “provide the public with information on
capital formation and beneficial ownership of qualifying private funds.” The three
reports are as follows:
- Analysis of the Regulation A Market: A Decade of Regulation A — Contains “statistics on the state of the Regulation A offering exemption over the past decade,” documenting “the level of offering activity and reported proceeds as well as the characteristics of issuers and offerings relying on this exemption.”
- Analysis of Crowdfunding Under the JOBS Act — Analyzes “offering activity in the Title III securities-based crowdfunding market between May 16, 2016, (effective date of Regulation Crowdfunding) and December 31, 2024.”
- Beneficial Ownership Concentration and Fund Outcomes for Qualifying Hedge Funds — Includes “statistics describing the relationship between beneficial ownership concentration and fund outcomes for QHFs and their advisers from 2013 to 2023.”
For more information, see the press release on the SEC’s Web site.