28 May 2025
📈SEC Approves Multiple Share Classes for Investment Companies
Vista Credit BDC Management, L.P., and Vista Credit Strategic Lending Corp.
Summary
The SEC issued a notice regarding Vista Credit BDC Management's application for an exemption under the Investment Company Act of 1940. This exemption allows registered closed-end investment companies to issue multiple classes of shares with different sales loads and fees, potentially enhancing funding options for business development companies.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
This regulatory notice outlines the SEC's approval process for Vista Credit BDC to issue multiple classes of shares, which can impact the investment strategies of business development companies. This change could facilitate more flexible funding structures, allowing businesses to attract more investors.