28 Aug 2025
📈SEC Notice on Joint Transactions for Investment Companies
Main Street Capital Corporation, et al.
Summary
The SEC has issued a notice regarding an application from Main Street Capital Corporation and others, seeking permission for joint transactions that would typically be prohibited under the Investment Company Act of 1940. The application aims to facilitate co-investment opportunities among business development companies and affiliated investment entities.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC notice outlines a request for an order allowing joint transactions between investment companies, which affects compliance and regulatory requirements for business development companies. This will influence investment strategies and partnership opportunities, creating a significant business impact.