30 May 2025
📈SEC Notice for Co-Investment Approval by Great Elm Capital Corp.
Great Elm Capital Corp., et al.
Summary
The SEC has issued a notice regarding an application from Great Elm Capital Corp. and affiliates seeking permission for certain joint investment transactions under the Investment Company Act of 1940. The application aims to allow business development companies to co-invest, enhancing operational flexibility in their investment strategies.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice concerns a request for regulatory approval allowing business development companies and investment firms to co-invest, which promotes strategic partnerships and financial collaboration. This directly impacts business operations and investment opportunities for affected companies.