20 Jun 2025
🤝SEC Notice on Joint Transactions Under Investment Company Act
Sound Point Meridian Capital, Inc., et al.
Summary
The SEC has issued a notice regarding an application from Sound Point Meridian Capital, Inc. and associated entities to allow certain business development companies to co-invest in portfolio companies with affiliated entities. The notice details filing dates and the process for public comment or hearing requests about this application under the Investment Company Act of 1940.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice pertains to an application under the Investment Company Act to permit joint transactions among business development companies (BDCs), which can affect investment strategies and opportunities for businesses involved in co-investment. This regulatory action could impact compliance requirements and investment practices.