Reuters: The private equity industry's lobbying group met officials from the Office of the Comptroller of the Currency and the Federal Reserve last week to address concerns over a crackdown on junk-rated loans, people familiar with the matter said on Monday.
The private meeting - the first between the Private Equity Growth Capital Council (PEGCC) and the U.S. regulators over the issue - underscores many buyout firms' reliance on leveraged loans for outsized returns in their debt-fueled acquisitions of companies.
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