25 Jul 2025
📈SEC Notice on Joint Transaction Application for BDCs
Audax Credit BDC Inc., et al.
Summary
The SEC announces an application by Audax Credit BDC Inc. and affiliated companies for an order allowing co-investment in portfolio companies despite standard prohibitions. The notice outlines the process for public participation through hearing requests and presents important compliance considerations for affected investment entities.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice pertains to an application by multiple BDCs for joint transactions that are typically prohibited, which may enhance investment opportunities and collaboration among financial entities. This has direct implications for compliance and operational strategies for involved parties.