26 Jun 2025
📈SEC Notice for Joint Investment Applications by BDCs
Principal Private Credit Fund I, et al.
Summary
The SEC has issued a notice regarding an application for an order that allows certain business development companies and closed-end management investment companies to co-invest in portfolio companies. The application aims to permit joint transactions typically prohibited by regulations under the Investment Company Act of 1940. Interested parties may request a hearing regarding this application.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice involves applications for co-investment by business development companies and management investment companies, indicating regulatory changes in investment practices which could affect capital allocation and investment strategies.