If public company data is no longer reported quarterly, but every six months, who benefits? The rationale is onerous regulatory requirements would be reduced. A deeper look show less public information benefits the private side as well.
Private equity underwriters (PEU) are notoriously secretive about nearly everything. Private credit claims to be more open but it takes a detective to seek out their myriad of sources.
That's the ding for those trying to push PEU stakes and private credit (often packaged by those very same PEUs). Making public company information less available reduces the size of the ding.
Politicians Red and Blue love PEU and their new TechGod brethren. Increasingly, more are one.
