The Securities and Exchange Commission (SEC) has issued a notice regarding an application from Thirdline Real Estate Income Fund and related entities. These applicants are seeking permission to engage in joint investment activities that are typically restricted by certain parts of the Investment Company Act of 1940. This application mentions the possibility of business development companies and investment companies co-investing in portfolio companies alongside certain affiliated investment entities. If there is no opposition, the SEC plans to grant the requested order, but interested parties may request a hearing by January 13, 2025, by following the specified communication procedures.
Simple Explanation
The big money helpers at the SEC got a request from some groups called Thirdline Real Estate Income Fund to team up and share money tricks that they usually aren't allowed to. If nobody says “no” by January 13, 2025, they might let them go ahead and do it.