“Becoming a public company is a rigorous exercise.”
However, he believes businesses that go through the process come out as better companies.
Nonetheless, on the private side, Clayton said, there is a "ton" of private capital available for "good companies."
But Clayton also said the consequence in doing so lies in the hands of Main Street investors.
“Main Street investors do not really have access to private capital opportunities,” he said.
This factor troubles Clayton on a policy and personal level, he said.
“I want to make sure that our Main Street investors are getting a broad array of opportunities that reflect the economy as a whole,” he said.
Clayton said the SEC is looking at ways to access the whole spectrum – “The private markets, the public markets as we go forward."