📈SEC Notice on Co-Investment Opportunity for Investment Companies
The SEC issued a notice regarding First Trust and other applicants seeking approval for co-investment in portfolio companies, potentially enabling joint transactions among investment companies. This notice outlines the procedural aspects and application details as required under the Investment Company Act of 1940, emphasizing compliance and regulatory requirements for involved parties.
Learn More📈SEC Notice on Silver Point Specialty Credit Fund Exemption Application
The SEC has issued a notice regarding an application by Silver Point Specialty Credit Fund Management for an exemption under the Investment Company Act. This exemption would allow closed-end investment companies to issue various classes of shares with differing sales loads and fees, enhancing their financing options. Hearing requests on the application are open until August 4, 2025.
Learn More🤝SEC Notice on Co-Investment Order for Nuveen Churchill Corp
The SEC issued a notice regarding an application from Nuveen Churchill Direct Lending Corp. and related companies for an order permitting co-investment in portfolio companies. The application aims to allow specific business development companies and closed-end investment firms to collaborate, potentially leading to broader investment strategies and enhanced financial growth opportunities.
Learn More📈SEC Notice on Investment Company Act Exemption for Share Classes
The SEC issued a notice regarding an application for exemption under the Investment Company Act, allowing specified investment companies to issue multiple share classes with different fees. The application was submitted by Star Mountain Lower Middle-Market Capital Corp. and Star Mountain Fund Management, LLC, and interested parties may request a hearing on the matter.
Learn More📈FINRA Rule Changes for Business Development Companies and IPO Access
The notice discusses the SEC's approval of FINRA's proposed rule change allowing specific business development companies (BDCs) to access new issues without traditional restrictions. The change aims to facilitate investment diversification and enhance capital formation while maintaining investor protections inherent in the Investment Company Act.
Learn More🤝SEC Notice on Co-Investment for Business Development Companies
The SEC issued a notice regarding BIP Ventures Evergreen BDC's application for an order permitting certain joint transactions among business development companies and affiliated investment entities. This regulatory approval aims to allow co-investment opportunities, which may foster collaboration and enhance investment strategies.
Learn More📈SEC Notice for Joint Investment Applications by BDCs
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.
Learn More💼SEC Notice on Co-Investment Application for BDCs
The SEC issues a notice regarding an application from LAGO Evergreen Credit and affiliated entities seeking permission for joint transactions prohibited under the Investment Company Act of 1940. This enables certain business development companies to co-invest with each other and affiliated entities, subject to specific conditions outlined in the application.
Learn More📈SEC Notice for Co-Investment Opportunities for BDCs
The SEC has issued a notice regarding an application for an order allowing Vista Credit Strategic Lending Corp. and affiliated companies to co-invest in portfolio companies. This arrangement proposes to permit joint transactions typically prohibited under the Investment Company Act, aiming to enhance collaborative investment efforts among business development companies and affiliated entities.
Learn More💼SEC Notice on Co-Investment Application for Business Development Companies
The SEC issued a notice regarding an application for order allowing certain business development companies to co-invest in portfolio companies. The order seeks to promote collaborative investment strategies among BDCs and affiliated entities by granting exemptions from specific prohibitions under the Investment Company Act of 1940.
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