Pearl Diver Funds Want to Pool Investments Despite Rules
Published Date: 1/28/2025
Notice
Summary
Pearl Diver Credit Company and its related funds want permission to team up and invest together in the same companies, which usually isn’t allowed. This change could help them work smarter and share opportunities, but anyone who disagrees has until February 17, 2025, to ask for a hearing. No direct money changes yet, but this could open doors for bigger joint investments soon.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
SEC Application to Allow Fund Co‑Investing
Pearl Diver Credit Company and several affiliated funds asked the SEC for an order under section 17(d) and rule 17d-1 to allow closed-end management investment companies to co-invest in portfolio companies with each other and with certain affiliated investment entities. Interested persons may request a hearing by 5:30 p.m. on February 17, 2025; an order will be issued unless the Commission orders a hearing.
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