Remarks at the International Bar Association’s 24th Annual International Conference on Private Investment Funds

Thank you, Ken [Rosh], for that kind introduction. And thank you, everyone, for the warm welcome. It is a pleasure to be back with you all in my role as the Director of the SEC's Division of Investment Management. As you know, we in IM have a mandate from our chairman, and from the president, to explore retail access to private markets. A key part of that exploration is discussion: discussion not only with our colleagues in other divisions and across agencies, but with industry participants and you, their counsel.

I hope that you feel free to, and will, speak up-in conferences like this, yes, but also in person in DC or virtually. We have an open-door policy and are attempting to lead by listening. Your input as counsel, with first-hand knowledge of the issues on the ground, will be invaluable as we chart the path forward. Thank you again and I look forward to our future conversations.