📈SEC Notice on Partners Group Lending Fund Exemption Application
The SEC issued a notice regarding an application from Partners Group Lending Fund, LLC and Partners Group (USA), Inc. seeking an exemption to allow closed-end investment companies to issue multiple classes of shares. The notice outlines the process for public hearing requests and provides key contact information for further inquiries.
Learn More📈SEC Notice
The SEC issues a notice regarding an application by FPLF Management LLC and Fortress Private Lending Fund for an exemption under the Investment Company Act. This exemption would permit certain registered closed-end investment companies to issue multiple classes of shares with distinct pricing structures, potentially altering their operational landscape and compliance requirements.
Learn More🤝SEC Notice on Co-Investment Order Application for BDCs
The SEC has issued a notice regarding an application for an order that would allow certain business development companies and investment entities to engage in co-investment activities. This application seeks regulatory approval under the Investment Company Act to permit joint transactions that are typically prohibited, enhancing collaboration in portfolio investments among applicants.
Learn More💼SEC Notice on Co-Investment Approval for Asset Backed Credit Fund
The Securities and Exchange Commission issued a notice regarding an application for regulatory approval enabling business development companies and investment firms, including Privacore VPC Asset Backed Credit Fund, to co-invest in portfolio companies, fostering collaboration and investment opportunities within the financial sector.
Learn More📈SEC Notice on Joint Transactions Application Impacting Investment Companies
The SEC has issued a notice regarding an application from Rand Capital Corporation and affiliates to allow certain business development companies to engage in co-investments, which could enable them to increase portfolio company investments collaboratively. Interested parties may request a hearing before the Commission's decision on the application.
Learn More📈SEC Notice on PennantPark Enhanced Income Fund Exemption Application
The Securities and Exchange Commission (SEC) has issued a notice regarding an application by PennantPark Enhanced Income Fund for exemptions under the Investment Company Act. The application seeks to allow certain investment companies to issue multiple classes of shares while imposing asset-based fees and early withdrawal charges. Interested parties can request a hearing by a specified deadline.
Learn More📊SEC Proposed Rule Change for Closed-End Funds and Shareholder Meetings
The SEC is evaluating a proposed rule change from the NYSE to exempt newly-listed closed-end funds from the requirement to hold annual shareholder meetings, stirring discussions on corporate governance and shareholder rights. The proposal reflects significant regulatory considerations about investor protections and the accountability of fund managers.
Learn More💼SEC's FICC Proposes New Collateral-in-Lieu Offering Rules
The SEC has released details on proposed rule changes by the Fixed Income Clearing Corporation to establish a new Collateral-in-Lieu offering, expanding access to clearing services for registered investment companies. This change aims to improve operational efficiency, reduce costs, and facilitate trading by allowing for done-away transactions and eliminating double margining requirements.
Learn More🤝SEC Notice on Co-Investment for Oaktree Strategic Credit Fund
The SEC issued a notice of application for an order permitting Oaktree Strategic Credit Fund and affiliated companies to engage in joint transactions for co-investing in portfolio companies, seeking regulatory relief from the Investment Company Act provisions. Interested parties can request a hearing on the matter by the specified deadline.
Learn More📈SEC Notice on Joint Transactions for Investment Companies
The SEC issued a notice regarding an application by HarbourVest Private Investments Fund to allow certain business development companies and management investment companies to co-invest in portfolio companies. The notice includes details about the application and the opportunity for public hearings if requested.
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