9 May 2025
📈SEC Notice on Blackstone Private Credit Fund Joint Transactions
Blackstone Private Credit Fund, et al.
Summary
The SEC has issued a notice regarding an application by Blackstone entities for the permission to allow specific investment companies to co-invest in portfolio companies. This proposed relief addresses joint transactions that the Investment Company Act typically prohibits, potentially enabling increased capital collaboration and strategic investment flexibility among BDCs and closed-end management investment companies.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC notice indicates a request for permission for certain investment companies to co-invest, which can affect capital allocation and strategic partnerships. BDCs and investment firms need to consider regulatory compliance and potential competitive advantages or disadvantages arising from these joint transactions.