On Apr. 3, SEC issued notice of application and ICI issued statement.
SEC issued notice of application for an order to permit certain business development companies (BDCs) and closed-end management investment companies to co-invest.
In portfolio companies with each other and with certain affiliated investment entities.
Includes streamlined terms and conditions as compared to past comparable orders.
ICI noted framework in application is key to expanding retail access to private markets
Consultation
Order granting requested relief will be issued unless the Commission orders a hearing.
Hearing requests should be received by Commission by 5:30 p.m. on Apr. 28, 2025.
