26 Aug 2025
🏦SEC Notice on Co-Investment for Business Development Companies
ISQ OpenInfra Income Fund, et al.
Summary
The SEC has issued a notice regarding the application from ISQ OpenInfra Income Fund and associated firms, seeking an order that would allow certain business development companies to co-invest in portfolio companies. This application aims to address joint transactions that are currently prohibited under the Investment Company Act of 1940, requiring potential authorization from the SEC.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice outlines a request for regulatory permission allowing business development companies and investment firms to co-invest, which directly impacts investment strategies and compliance requirements for affected businesses.