PE HUB First Read

Elliot Schrage, Facebook’s public relations chief, is stepping down.

University of Chicago drops the SAT and ACT requirements for admissions.

Why diapers are in trouble: Americans are having fewer babies.

CalPERS investment committee to review PE direct investment policy.

Percentage of black employees at JPMorgan falls for sixth straight year in the U.S.

Bitcoin and ether are not securities, but some ICOs are, SEC official says.

Snapchat launches its developer platform and promises to put privacy first.

Banks unlikely to process payments with distributed ledgers for now, says Ripple.