PE Firms Caught in the Net of Dodd-Frank
Guy Talarico, CEO of Alaric Compliance Services, was quoted recently in an article published by GARP, the Global Association of Risk Professionals. The article, “Private Equity’s Risk Management Take-Up,” discusses how PE firms have been caught in the net of Dodd-Frank and other reforms leading to the need for more governance, risk and compliance.
A complication facing private equity, says Guy Talarico, Founder and CEO of Alaric Compliance Services, is that “many of these rules were designed for traditional managers that invest in publicly traded equities. The way PE funds operate, they do not fit the regulatory mold.” Assisting with these matters, New York-based Alaric finds that “25% of our new business is now private equity firms. Three years ago, it was zero.”
Since our inception in 2004, Alaric Compliance Services, LLC has been a leading provider of regulatory compliance solutions. For more information please see our web site at www.alariccompliance.com or contact Alaric at 1-888-243-2448.