On May 19, 2023, the SEC Division of Investment Management hosted an inaugural conference on emerging trends in asset management. One panel analyzed the key concerns associated with regulation of private funds, the burgeoning private credit industry, the impact of private funds on corporate conduct, protection of retail investors and whether further regulation of environmental, social and governance investing is required. Sarah G. ten Siethoff, Deputy Director of the SEC Division of Investment Management, moderated the discussion, which featured Elisabeth de Fontenay, professor of law at Duke University; and Cathy Hwang, Barron F. Black research professor of law at the University of Virginia. This article distills their insights. See “SEC Investment Management Attorneys Offer a Roadmap to SEC Rulemaking and Public Comments” (Sep. 8, 2022).