🤝SEC Notice on Co-Investment Opportunities for Business Development Companies
The SEC issued a notice allowing certain business development companies to co-invest in portfolio companies, enhancing collaborative investment strategies. The application includes multiple LAGO entities seeking regulatory relief from restrictions under the Investment Company Act, thereby promoting joint investment opportunities beneficial for growth and diversification.
Learn More📈FINRA Proposes Rule Change for Non-Traded BDCs and IPO Access
The SEC published a notice regarding FINRA's proposed rule change to exempt certain business development companies (BDCs) from compliance with specific rules related to the purchase and sale of new issues. This change aims to enhance non-traded BDCs' ability to invest in initial public offerings, thereby increasing capital access for these entities and their investors while promoting market integrity.
Learn More💰SEC Notice
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.
Learn More⚖️EnCap Investments Seeks FTC Order Modification for Business Flexibility
EnCap Investments L.P. ("EnCap"), EnCap Energy Capital Fund XI, L.P., Verdun Oil Company II LLC ("Verdun"), XCL Resources Holdings, LLC ("XCL"), and EP Energy LLC ("EP Energy") have asked the Federal Trade Commission ("FTC" or "Commission") to reopen and set aside the Commission's Decision and Order entered on September 13, 2022, to remove certain prior approval requirements. Publication of their petition is not intended to affect its legal status or its final disposition.
Learn More💰SBIC License Issuance Notice from the Small Business Administration
The U.S. Small Business Administration announces the issuance of Small Business Investment Company licenses under the Small Business Investment Company Program. The notice includes details on eligible funds, their licensure dates, and leverage tiers, providing critical information for businesses seeking investment opportunities.
Learn More💰SBA Notice on Exemption Request for LCM Healthcare Fund
This notice from the Small Business Administration informs that LCM Healthcare Fund I, L.P. is seeking an exemption related to equity financing terms with Northwest Surgical Development Company. A public comment period is established for interested parties regarding this financing decision.
Learn More📈SEC Proposed Rules on Crowdfunding for Intermediaries
The SEC is soliciting comments on proposed information collection rules for intermediaries under Regulation Crowdfunding. The rules detail compliance requirements for intermediaries to facilitate securities offerings, including registration, investor interactions, and disclosure obligations, emphasizing the need for operational transparency and accountability in crowdfunding activities.
Learn More📉Surrender of Small Business Investment License for Stonehenge Fund
The Small Business Administration has declared the license of Stonehenge Opportunity Fund III-B, L.P. null and void due to the company's surrender of its license as a small business investment company. This action follows the authority outlined in the Small Business Investment Act, impacting the fund's operational status.
Learn More🏠IRS Notice on Allocation of Expenses by REMIC - Comments Requested
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning final regulations in Treasury Decisions (TD) 8366 and 8431 relating to information disclosures for the allocation of expenses by real estate mortgage investment conduits (REMIC).
Learn More📈SEC Notice on Barings LLC's Application for Share Class Exemption
The SEC issued a notice regarding an application by Barings LLC and Barings Private Credit Corporation for an exemption under the Investment Company Act. The application seeks permission for registered closed-end investment companies to issue multiple classes of shares with varying fees, enhancing flexibility in investment structures. Interested parties can request a hearing on the matter.
Learn More