SEC Division Overseeing Private Credit Firms Lost 24% of Staff

Nearly a quarter of the staff in the Securities and Exchange Commission’s division overseeing hedge funds, private credit firms, mutual funds and many investment products, left the agency last year, according to a new report.

The SEC’s Division of Investment Management lost 24% of its staff during fiscal year 2025, with the division identifying “lost expertise on rulemaking,” the US Government Accountability Office said in a report released Friday.