7 May 2025
🤝SEC Notice on Co-Investment Application for Business Development Companies
Ares Capital Corporation, et al.
Summary
The SEC has issued a notice regarding an application for an order under the Investment Company Act of 1940. This order seeks to permit specific business development companies and investment entities to engage in joint transactions, allowing co-investment in portfolio companies, potentially enhancing collaboration among investment firms.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice involves a request for regulatory relief under the Investment Company Act, allowing certain business development companies to co-invest in portfolio companies. This could lead to new investment opportunities and strategies for business owners and executives in the finance sector.