18 Jul 2025
💼SEC Notice on Co-Investment for Business Development Companies
Ellington Credit Company, et al.
Summary
The Securities and Exchange Commission released a notice regarding an application from Ellington Credit Company and affiliates. The application seeks an order to allow certain business development companies and investment firms to co-invest in portfolio companies, potentially altering the landscape for joint transactions under the Investment Company Act.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice involves an application for an SEC order allowing business development companies (BDCs) to co-invest, facilitating partnerships and investments that would otherwise be prohibited. This could open new funding avenues for investment firms and portfolio companies, significantly impacting their financial strategies.