14 Apr 2025
📈SEC Notice for Joint Transactions by BlackRock Investment Entities
BlackRock Growth Equity Fund LP, et al.
Summary
The SEC has issued a notice regarding an application from BlackRock entities seeking an order for joint transactions under the Investment Company Act. The application aims to allow certain investment companies to co-invest in portfolio companies, presenting streamlined terms compared to previous orders. Interested parties can request a hearing on this matter until May 5, 2025.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice relates to a request for exemption under the Investment Company Act, allowing BDCs and investment companies to co-invest. This could lead to new investment opportunities for businesses involved and potentially enhance portfolio diversification.