Investment Funds Beg SEC to Bend Rules on Joint Company Bets
Published Date: 6/25/2025
Notice
Summary
LAGO Evergreen Credit and its related funds asked the SEC for permission to team up and invest together in the same companies, which usually isn’t allowed. This change could help these investment groups work smarter and grow their businesses. If you want to speak up, you have until July 18, 2025, to request a hearing.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Allow LAGO funds to co-invest
LAGO Evergreen Credit and related funds asked the SEC on May 9, 2025, for an order under sections 17(d) and 57(i) of the Investment Company Act and rule 17-1 to let certain business development companies (BDCs) and closed-end management investment companies co-invest together and with affiliated investment entities. The applicants say this change could help those investment groups work together and grow their businesses. Interested persons may request a hearing by 5:30 p.m. on July 18, 2025.
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