23 Sep 2025
🤝SEC Notice on Co-Investment Order Application for BDCs
26North BDC, Inc., et al.
Summary
The SEC has issued a notice regarding an application for an order that would allow certain business development companies and investment entities to engage in co-investment activities. This application seeks regulatory approval under the Investment Company Act to permit joint transactions that are typically prohibited, enhancing collaboration in portfolio investments among applicants.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document outlines an application for regulatory relief allowing business development companies and management investment companies to co-invest in portfolio companies, which could enhance collaborative investment strategies and operational synergies for executives and business owners under the Investment Company Act.