2025-16991Notice

Funds Team Up: SEC Eyes Co-Investment Exemption Request

Published Date: 9/5/2025

Notice

Summary

Constitution Capital Access Fund and its related companies want permission to team up and invest together in the same businesses, which current rules usually don’t allow. This change could help them share opportunities and grow investments more smoothly. If no one objects by September 29, 2025, the SEC will approve this plan, potentially unlocking new ways to manage money and boost returns.

Analyzed Economic Effects

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

SEC May Allow Funds to Co‑Invest

The SEC received an application from Constitution Capital entities asking for permission to let certain business development companies (BDCs) and closed‑end management investment companies co‑invest in portfolio companies with each other and with certain affiliated investment entities. An order granting that relief will be issued unless a hearing is requested by 5:30 p.m. on September 29, 2025.

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Key Dates

Published Date
9/5/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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