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.
Simple Explanation
The SEC is deciding if some investment companies can work together on certain money deals that they usually can’t do together. People can say what they think about this and ask for a meeting to talk more by a certain date in April 2025.