26North BDC Seeks SEC Permission for Co-Investment Partnerships
Published Date: 9/23/2025
Notice
Summary
26North BDC and its related companies want permission to team up and invest together in the same businesses, which usually isn’t allowed. This change affects investors and the companies involved by making joint investments easier and potentially more profitable. If no one objects by October 14, 2025, the SEC will approve this new way to work together.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Permitting BDCs to 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 on June 17, 2025, amended September 18, 2025, and the SEC will issue the order unless a hearing is requested by 5:30 p.m. on October 14, 2025.
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