SEC Proposes Performance Fees for Retail Funds to Expand Private Market Access

Key Facts

The US Securities and Exchange Commission (SEC) proposed allowing performance fees for retail funds to facilitate broader access to private markets. The Financial Times reported that the overhaul is designed to increase individual investor participation in alternative assets by modernizing fund fee structures that have historically restricted retail access.

This regulatory shift is part of a broader push to democratize access to high-growth private market investments for retail traders. While the proposal could significantly increase product availability in the asset management industry, its implementation remains pending as of September 30, 2026, amid a period of active global economic data releases.