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Free Writings & Perspectives blog (“FW&P”) provides news and views on securities 
regulation and capital formation. The blog provides up-to-the-minute information regarding 
securities law developments, particularly those related to capital formation. FW&P also offers 
commentary regarding developments affecting private placements, “late-stage” private 
placements, PIPE transactions, IPOs and the IPO market, new financial products, and any 
other securities-related topics that pique our and our readers’ interest. Visit: freewritings.law 
 
 
Across the Board provides private and public companies and their boards with the latest 
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https://acrosstheboard.mayerbrown.com 
 
 
 
Understanding the Spectrum of Permanent Capital Vehicles 
(Mayer Brown) 
This publication provides an overview of each of the principal 
permanent capital vehicles and concludes with a discussion of the 
regulatory reforms that are impacting this sector, as well as shares a 
perspective on additional regulatory changes that may be on the 
horizon. 
 
SEC Registered Offering Reform: Key Implications for BDCs, Closed-End Funds and 
Non-Traded Vehicles  
(Mayer Brown) 
On May 19, 2026, the Securities and Exchange Commission proposed sweeping 
amendments to the registered offering framework under the Securities Act of 1933. The 
Proposal would materially expand offering flexibility for business development companies and 
registered closed-end investment companies conducting registered offerings. 
 
 
Writing on the Wall offers explanations and definitions for over 1,000 securities, capital 
markets, derivatives, structured finance, and financial services terms and phrases. Access the 
illustrated glossary: writingonthewall.com  
 
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