Search Results for keywords:"joint transactions"

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Search Results: keywords:"joint transactions"

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  • 2025-05428 — Wilshire Private Assets Fund, et al.
    Type:Notice
    Citation:90 FR 14292
    Reading Time:about 5 minutes

    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.

  • 2021-02468 — Muzinich BDC, Inc., et al.
    Type:Notice
    Citation:86 FR 8667
    Reading Time:about 55 minutes

    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.

    Simple Explanation

    Imagine some companies want to share a toy box (money to invest), but they need permission because there are rules to make sure everyone shares fairly. They asked a big group called the SEC to let them work together, and the SEC will say "yes" unless someone says they want to talk more about it.