Type:Notice
Citation:90 FR 16894
Reading Time:about 2 minutes
The Securities and Exchange Commission (SEC) published a notice about an application requesting permission for certain business development companies and investment companies to co-invest with affiliated entities. The application was submitted by New Mountain Capital and its affiliates to allow joint investments that are normally not permitted. If no hearing is ordered by the SEC, the requested order may be granted. Interested parties can submit a request for a hearing by May 12, 2025.
Simple Explanation
New Mountain Capital and some other companies are asking for special permission to team up and do business together, but normally they can't. They need people to tell the SEC if they want a chance to talk about it by May 12, 2025.