Search Results for keywords:"affiliated investment entities"

Found 5 results

Search Results: keywords:"affiliated investment entities"

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  • 2024-30857 — Morgan Stanley Direct Lending Fund, et al.
    Type:Notice
    Citation:89 FR 106644
    Reading Time:about 4 minutes

    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.

    Simple Explanation

    The SEC is thinking about letting Morgan Stanley's companies team up and invest together in other businesses, something they usually aren't allowed to do. If no one says they want to talk about it by January 13, 2025, they might be allowed to go ahead.

  • 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.

  • 2024-30656 — Thirdline Real Estate Income Fund, et al.
    Type:Notice
    Citation:89 FR 105117
    Reading Time:about 2 minutes

    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.

  • 2025-04298 — Meketa Capital, LLC, et al.
    Type:Notice
    Citation:90 FR 12615
    Reading Time:about 2 minutes

    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.

    Simple Explanation

    The SEC is thinking about letting some companies invest together with friends they usually can't because of rules. They want to hear from people about this idea by April 7, 2025.