b'TABLE OF CONTENTSNAIC units have already been taking with respect to the various considerations. However, some of the considerations listed are likely to spark new initiatives and, one presumes, a response from the PE community challenging many of the assertions in the list of considerations and the underlying assumptions reflected in them.Potential Addition to NAIC Database to Flag PE AcquisitionsSeparately, the NAIC National Treatment and Coordination (E) Working Group is currently considering an addition to the NAICs Form A database for purposes of informing state insurance regulators of a PE firms acquisition of control of an insurer and to maintain a database of PE-owned insurers. For purposes of adding to this database, the NAIC is currently considering the following definition of private equity:an alternative form of private financing, typically away from public markets, in which funds and/or investors directly invest in companies or engage in buyouts of such companies. Private equity firms can typically be classified as venture capital, mezzanine, private credit and leveraged buyout funds, and they are generally structured as partnerships with several limited partner investors. The companies they invest in may be deemed portfolio companies, which may include insurance companies. The companies may also be held on the firms balance sheet as a strategic investment.MAYER BROWN |75'