25 Jun 2025
💼SEC Notice on Co-Investment Application for BDCs
LAGO Evergreen Credit, et al.
Summary
The SEC issues a notice regarding an application from LAGO Evergreen Credit and affiliated entities seeking permission for joint transactions prohibited under the Investment Company Act of 1940. This enables certain business development companies to co-invest with each other and affiliated entities, subject to specific conditions outlined in the application.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document describes an SEC notice regarding an application that allows certain investment companies to co-invest, which could influence business operations and capital access for BDCs and closed-end management companies. It requires compliance with mutual investment rules.