📈SEC Extends Decision Period on Investment Company Rule Change
The SEC published a notice regarding a proposed rule change by Cboe BZX Exchange that aims to exempt certain closed-end management investment companies from the annual meeting of shareholders requirement. A decision by the SEC will be made by September 4, 2025, allowing for sufficient time to review the rule and comments.
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💰Proposed Regulatory Amendments for Small Business Investment Companies
The U.S. Small Business Administration ("SBA" or "Agency") is proposing to modify or remove from the Code of Federal Regulations ("CFR") regulations that are obsolete, inefficient, or otherwise unnecessarily impede the licensing of small business investment companies ("SBICs"). Many of the regulations SBA is proposing to remove apply to the repealed Section 301(d) of the Small Business Investment Act of 1958, as amended, and certain other types of SBICs that SBA no longer licenses, such as Participating Securities SBICs and Early Stage SBICs. The removal of these regulations will assist the public by simplifying SBA's regulations in the CFR. In addition, SBA is proposing to amend its regulations applicable to subsequent fund applicants in order to streamline the licensing process for such applicants. SBA also seeks to remove certain barriers to investments in critical mineral extraction and processing and designated critical technologies. In accordance with 5 U.S.C. 553(b)(4), a summary of this rule may be found https://www.regulations.gov.
Learn More💼SEC Notice for Lord Abbett Funds on Investment Company Act Exemption
The Securities and Exchange Commission announces an application for an exemption from specific provisions of the Investment Company Act, allowing Lord Abbett Credit Opportunities Fund and related entities to make monthly repurchase offers on their shares. The notice outlines the conditions and procedures for interested parties to request a hearing on the application.
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 on Joint Transactions Under Investment Company Act
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.
Learn More📈SEC Notice for Co-Investment Application by Trinity Capital Inc.
The SEC has published a notice regarding an application from Trinity Capital Inc. and affiliates for permission to engage in joint transactions otherwise prohibited under the Investment Company Act. The notice invites stakeholder feedback and includes essential contact information and procedural details for hearings.
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