Varagon Capital Eyes Rule Break for Joint Investment Plays
Published Date: 5/12/2025
Notice
Summary
Varagon Capital and its partners want permission to team up and invest together in the same companies, which current rules usually don’t allow. This change would let certain investment groups pool their money for bigger opportunities, starting soon unless someone asks for a hearing by June 2, 2025. It’s a smart move that could help these companies grow and manage money more efficiently.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
BDCs and Funds Allowed to Co‑Invest
Varagon Capital and certain affiliated entities asked the SEC for an order under sections 17(d) and 57(i) of the Investment Company Act and rule 17d-1 to let certain business development companies (BDCs) and closed-end management investment companies co-invest in the same portfolio companies with each other and with affiliated investment entities. The SEC said it will issue the order unless it receives a hearing request by 5:30 p.m. on June 2, 2025.
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