28 Apr 2025
📈SEC Notice on Co-Investment Application by PGIM Companies
PGIM, Inc., et al.
Summary
The SEC has issued a notice regarding an application from PGIM entities seeking an order to permit certain joint transactions under the Investment Company Act. This includes co-investment opportunities among Business Development Companies and affiliated investment entities, with streamlined terms outlined compared to past orders.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The SEC notice outlines a request for permission to allow certain joint transactions among investment companies and BDCs, enabling co-investment in portfolio companies. This regulation could impact investment strategies and compliance obligations for affected firms and their affiliates.