2025-09966Notice

SEC Considers Letting Funds Team Up Against Usual Rules

Published Date: 6/3/2025

Notice

Summary

Coller Secondaries and its related companies want permission to team up and invest together in certain businesses, even though current rules usually say no. This change affects investors in these funds and could open up new ways to grow money by sharing opportunities. If you want to speak up or ask for a hearing, you have until June 23, 2025, so don’t miss out!

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

SEC Asked to Let Funds Co‑Invest Together

The applicants asked the SEC for an order under sections 17(d) and 57(i) of the Investment Company Act and rule 17d-1 to allow 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. The application was filed April 25, 2025, amended May 23, 2025, and the SEC will issue an order unless it orders a hearing; persons may request a hearing by 5:30 p.m. on June 23, 2025.

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Key Dates

Published Date
6/3/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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