30 May 2025
💼SEC Notice for Blackstone’s Joint Transaction Application
Blackstone Private Credit Fund, et al.
Summary
The SEC has issued a notice regarding an application for an order that would allow certain business development companies and closed-end investment firms to co-invest in portfolio companies. This move aims to authorize joint transactions that are typically prohibited under current regulations, potentially expanding investment strategies available to applicants.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice pertains to an application for joint transactions among business development companies (BDCs) that could enhance investment opportunities, leading to potential financial benefits for involved parties. The SEC’s consideration of this application could also set precedents for BDC operations.