The change implemented in 2017 by the Bureau of Economic Analysis (BEA) and the Treasury Department simplifies how certain cross-border investments by or into private funds are reported on Treasury International Capital (TIC) surveys of portfolio investment and BEA surveys of direct investment.
The change aligns the U.S. direct investment and portfolio investment data – used to produce official U.S. economic statistics – more closely with the financial characteristics of each type of investment. In addition, it reduces burden for survey respondents who include private funds in their reports, many of whom had been reporting in both the TIC reporting system and BEA’s direct investment reporting system.
Additional information on the change in reporting requirements for private funds is available at www.bea.gov/privatefunds.