Private equity firm
TZP, which advises private funds that invest in lower-middle market companies, didn’t admit to or deny the regulator’s claims, according to the SEC’s cease-and-desist order.
The firm didn’t immediately respond to a request for comment.
From October 2018 to November 2023, TZP charged “excess management fees” as a result of calculation practices that were inconsistent with client agreements, the SEC said. These practices created ...
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