⚖️SEC Notice on Joint Transactions for Investment Companies
Morgan Stanley Direct Lending Fund, et al.
Summary
The SEC has issued a notice regarding an application from Morgan Stanley and others, seeking permission for certain joint transactions prohibited under the Investment Company Act of 1940. The order would enable collaboration among business development companies and affiliated entities, potentially reshaping investment strategies and regulatory requirements in this sector.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC notice outlines a request for an order permitting joint transactions among various business development companies and closed-end investment companies, affecting compliance frameworks for business owners involved in similar investment practices. This implicates collaboration and potential regulatory considerations for businesses engaging in co-investment strategies.