On February 7, 2025, the Canadian Anti-Monopoly Project (“CAMP”) and Social Capital Partners (“SCP”) submitted a joint letter to the Ontario Securities Commission (“OSC”) in response to the OSC’s Consultation Paper 81-737 – Opportunity to Improve Retail Investor Access to Long-Term Assets through Investment Fund Product Structures. The comments detail deep concerns from CAMP and SCP regarding the proposals set forth in the Consultation Paper related to expanding access to private equity.

CAMP and SCP are focused, among other matters, on educating Canadians and our policymakers about the risks associated with buyout private-equity funds and the harms they can cause. CAMP published “The Private Equity Playbook: How buyout firms extract rather than build value and what to do about it” and CAMP and SCP jointly hosted a virtual talk with some of the leading private equity critics to educate Canadians about how buyout private equity operates and how it impacts our economy and communities.

The perspectives are rooted in nearly a decade of first-hand legal and exempt-market dealer industry experience, working with or advising fund managers and/or their portfolio companies. Read the letter for complete comments.