31 Mar 2025
💰SEC Notice
Wilshire Private Assets Fund, et al.
Summary
The SEC has issued a notice regarding the application from various investment companies for an order permitting joint transactions, otherwise prohibited under the Investment Company Act. The application aims to facilitate co-investment in portfolio companies among business development companies and closed-end management investment companies, promoting collaboration and enhanced investment strategies.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice involves an application under the Investment Company Act, allowing specific investment companies to co-invest, indicating potential collaboration opportunities for businesses in investment sectors, enhancing capital pooling and joint ventures.