15 Apr 2025
📈SEC Notice on Co-Investment Approval for Business Development Companies
Sixth Street Specialty Lending, Inc., et al.
Summary
The SEC has issued a notice regarding an application by Sixth Street Specialty Lending and others for an order under the Investment Company Act, allowing certain business development companies to co-invest in portfolio companies, facilitating streamlined investment processes compared to past approvals.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice involves regulatory approval for business development companies to co-invest, which directly impacts financial strategies and compliance requirements for affected businesses. It streamlines previous conditions, indicating potential for new investment opportunities.