Russell Pushes Boundaries on Shared Fund Bets
Published Date: 9/10/2025
Notice
Summary
Russell Investments wants permission to let some of their investment funds team up and invest together in the same companies, which usually isn’t allowed. This change affects their New Economy Infrastructure Fund, Strategic Credit Fund, and related groups, aiming to boost their investment power. If no one objects by September 30, 2025, the SEC will approve this move, potentially opening doors for smarter, joint investments.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
SEC May Allow Russell Funds to Co-invest
The SEC is considering an order under sections 17(d) and 57(i) of the Investment Company Act and rule 17d-1 to let certain Russell Investments business development companies (BDCs) and closed-end funds co-invest in the same portfolio companies with each other and with affiliated investment entities. The named applicants include the Russell Investments New Economy Infrastructure Fund and the Russell Investments Strategic Credit Fund; the SEC will issue the order unless a hearing is requested by 5:30 p.m. on September 30, 2025.
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