Search Results for keywords:"joint investments"

Found 5 results

Search Results: keywords:"joint investments"

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  • 2025-01788 — Pearl Diver Credit Company Inc., et al.
    Type:Notice
    Citation:90 FR 8310
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has issued a notice regarding an application from several investment companies, including Pearl Diver Credit Company Inc., seeking to engage in joint investments. These investments are typically prohibited under the Investment Company Act of 1940, but the applicants are requesting an order to allow these activities under certain conditions. A hearing on this application will only take place if requested, with a deadline for such requests set for February 17, 2025. Additional details, including how to request a hearing, are available on the SEC's website.

    Simple Explanation

    The SEC is thinking about letting a group of companies, including one called Pearl Diver Credit Company Inc., invest together even though there's normally a rule against it. People can ask to talk about this plan by February 17, 2025, if they want to.

  • 2021-02179 — Hamilton Lane Private Assets Fund, et al.
    Type:Notice
    Citation:86 FR 7892
    Reading Time:about 52 minutes

    The Securities and Exchange Commission has announced a notice regarding an application submitted by Hamilton Lane Private Assets Fund and others. The applicants are seeking permission for certain investment companies to make joint investments with affiliated funds, which would otherwise be prohibited under existing regulations. They aim to allow a closed-end management investment company to invest in portfolio companies alongside related investment funds. The application includes various conditions to ensure that such investments are fair and equitable for all parties involved.

    Simple Explanation

    The government is looking at a request from a company to let different investment groups work together to share money on projects, even though the current rules usually don't allow it. They want to make sure that everything is fair and rules are followed, so they plan to set up some guidelines to protect everyone involved.

  • 2025-04110 — MA Specialty Credit Income Fund, et al.
    Type:Notice
    Citation:90 FR 12195
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is considering an application from several investment companies and entities for an order that would allow them to make certain joint investments that are usually not allowed under existing rules. The order would permit closed-end management investment companies and business development companies to work together on investments in portfolio companies. This application was submitted in July 2024 and has been revised multiple times, most recently on March 3, 2025. Interested individuals can request a hearing regarding this matter by contacting the SEC and the involved parties by April 7, 2025.

    Simple Explanation

    The SEC is thinking about letting some companies team up to invest together in things they normally couldn't, like people working together on a big project. They're deciding if this is okay, and people can tell the SEC if they have thoughts about it by April 7, 2025.

  • 2025-00886 — HarbourVest Private Investments Fund, et al.
    Type:Notice
    Citation:90 FR 4821
    Reading Time:about 30 minutes

    The Securities and Exchange Commission (SEC) has issued a notice regarding a request for an order to allow certain joint investments. These investments involve business development companies and closed-end management investment companies working together with affiliated investment entities to invest in portfolio companies. The application was initially filed in April 2024, with amendments in October and December 2024. The SEC will grant the order unless a hearing is arranged, and individuals interested in requesting a hearing must do so by February 5, 2025. Further details can be found on the SEC's website or by contacting Taylor Evenson or Terri Jordan at the Division of Investment Management.

    Simple Explanation

    The SEC is saying that some groups want permission to work together to put money into companies, and if no one objects by February 5, 2025, they'll let them. They didn't explain much about why this is okay or how it helps people who might invest, so it might be hard to understand what's going on.

  • 2025-02130 — Application: BlackRock Company Act Release
    Type:Notice
    Citation:90 FR 8819
    Reading Time:about 33 minutes

    The Securities and Exchange Commission (SEC) has issued a notice regarding an application for an order under the Investment Company Act. The application seeks permission for certain business development companies and closed-end management investment companies to engage in joint investments with affiliated investment entities, which would otherwise be restricted by the Act. The applicants involve a large number of entities connected to BlackRock, requesting the SEC to allow them to co-invest in various portfolio companies. The notice also provides procedural details for requesting a hearing on the matter, if interested parties, by emailing the SEC and providing proof of service to the applicants.

    Simple Explanation

    The SEC is looking at a request from BlackRock to let certain companies work together on investments, even though they usually couldn't because of the rules. This notice also tells people how they can ask for a meeting to talk about it if they want.