Search Results for keywords:"co-investment"

The Securities and Exchange Commission (SEC) received an application from several investment companies, including Wilshire Private Assets Fund and others, for an order permitting them to co-invest in portfolio companies together with some affiliated entities. This order would allow them to engage in joint transactions that are otherwise restricted by the Investment Company Act of 1940. The application was filed through late 2024 and early 2025, with the SEC considering issuing the order unless a hearing is requested by April 21, 2025. Interested parties can request a hearing by emailing the SEC's Secretary and should provide specific reasons for their request.

The Securities and Exchange Commission (SEC) has received an application for an order permitting certain joint transactions involving business development companies (BDCs) and closed-end management investment companies. The applicants, including Muzinich BDC, Inc. and its associated entities, seek permission to co-invest in portfolio companies alongside affiliated investment funds. This involves transactions that are generally prohibited without SEC approval, ensuring fairness and compliance with investment regulations. The SEC will issue the order unless a hearing is requested by interested parties by a specified date.

The Securities and Exchange Commission (SEC) has issued a notice about an application for an order under sections of the Investment Company Act of 1940. This order would allow certain business development companies and investment companies to co-invest in portfolio companies with certain affiliates, which would normally be prohibited. The SEC will grant the requested order unless a hearing is ordered; interested parties can request a hearing by May 12, 2025. The application was initially filed on March 14, 2025, and amended twice in April 2025.

The Securities and Exchange Commission (SEC) has received an application from Aether Infrastructure & Natural Resources Fund and other related entities seeking an order to allow certain business development companies and investment firms to co-invest in portfolio companies. This request aims to streamline terms and conditions compared to previous orders. Interested parties have until May 12, 2025, to request a hearing by contacting the SEC by email. The full application details can be accessed on the SEC's EDGAR system.

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.

The Securities and Exchange Commission (SEC) issued a notice regarding an application for an order that would allow specific business development companies (BDCs) and closed-end investment companies to collaborate on investments that are usually prohibited by the Investment Company Act of 1940. The applicants, which include various Goldman Sachs entities, are seeking permission to co-invest in portfolio companies alongside certain affiliated investment entities. The SEC has outlined a process for interested parties to request a hearing concerning this application by May 20, 2025. Further details and the applicants' complete legal analysis can be accessed through the SEC's website.

The Securities and Exchange Commission (SEC) has received an application for an order under sections of the Investment Company Act of 1940. The application seeks to allow certain business development companies and investment funds to make investments together, which would normally be restricted by law. The goal is to let these companies co-invest in small and medium-sized businesses, maximizing investment opportunities without unfair advantages. The SEC will issue the order unless a hearing is requested by March 22, 2021.

The Securities and Exchange Commission (SEC) has received a request for an order to allow specific business development companies and investment funds to co-invest in certain companies alongside affiliated investment entities, which is otherwise typically prohibited. The application, involving multiple entities connected to Morgan Stanley, was initially filed on January 29, 2024, and later amended on August 20, 2024. If no further hearing requests are received by January 13, 2025, the SEC will likely grant the relief sought. Interested parties can request a hearing via email and must serve the applicants with a copy of this request.

The Securities and Exchange Commission (SEC) has published a notice regarding an application for an order under the Investment Company Act of 1940. This order would allow certain closed-end investment companies to jointly invest in portfolio companies with each other and with specific affiliated investment entities, a practice usually restricted by law. The application was submitted by companies including Meketa Capital, LLC, and amended multiple times, with the most recent amendment on February 21, 2025. A hearing may be requested by interested parties until April 7, 2025, through specific channels provided by the SEC.

The Securities and Exchange Commission (SEC) has issued a notice for a proposed order under the Investment Company Act of 1940. This order would allow certain business development companies and closed-end management investment companies to co-invest in portfolio companies with each other and with affiliated investment entities, which would otherwise be prohibited under existing rules. The application for this order, involving multiple applicants like MidCap Financial Investment Corporation and Apollo Investment Management, has been filed and amended several times in 2024. Interested individuals can request a hearing by January 13, 2025, with specified instructions for doing so.