ACG Applauds Hearing on SEC Requirements for MM PE Funds

The Association for Corporate Growth said it applauds the Congressional hearing to consider exempting middle-market private equity funds from the registrations requirements under the SEC’s Investment Advisers Act.

KeyCorp Sells Victory Capital Management for $246 Million

KeyCorp said it has agreed to sell its investment management subsidiary Victory Capital Management and its broker dealer affiliate to a private equity fund sponsored by Crestview Partners for $246 million.