22 Apr 2025
💼SEC Notice for Joint Transactions in Investment Companies
New Mountain Capital, L.L.C., et al.
Summary
The SEC announces a notice regarding an application from New Mountain Capital and affiliates to allow specific co-investments among business development and management investment companies, streamlining terms compared to previous orders. Interested parties may request a hearing regarding the application.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC notice permits certain BDCs and closed-end management investment companies to co-invest in portfolio companies, which could enable new investment opportunities and collaboration among these entities. This aligns with sections of the Investment Company Act and could impact business strategies and funding avenues.