SEC Notices Simplified Co-Investment Relief: A Sigh of Some Relief for Regulated Funds and Their Affiliates
By EsqSocial Corporation 16/04/25
On April 3, 2025, the SEC filed a notice of intent to grant FS Credit Opportunities Corp. et. al.’s (“FS”)1 amended application for an order permitting certain business development companies (“BDCs”) and closed-end management investment companies (“Closed-End Funds,” and, together with BDCs, “Regulated Funds”) to participate in co-investment joint transactions with affiliated funds and accounts that are otherwise prohibited by Section 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 thereunder...
By: Ropes & Gray LLP