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.
Simple Explanation
The SEC is thinking about letting some money clubs work together to invest in companies, and people can tell them what they think about it until May 12, 2025. They can find more details online but have to use some tricky words if they want to talk in a special meeting about this.