# 2025-01788: Pearl Diver Funds Want to Pool Investments Despite Rules

2025-01788, Pearl Diver Credit Company Inc., et al., is a Federal Register notice from Securities and Exchange Commission published 2025-01-28, effective An order granting the requested relief will be issued unless the Commission orders a hearing; hearing requests must be received by 5:30 p.m. on February 17, 2025. (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-01788
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-01788
- Title: Pearl Diver Credit Company Inc., et al.
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 8310
- Published: 2025-01-28
- Effective: An order granting the requested relief will be issued unless the Commission orders a hearing; hearing requests must be received by 5:30 p.m. on February 17, 2025.
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Pearl Diver Funds Want to Pool Investments Despite Rules

## 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.

## Effects PRIA read

- SEC Application to Allow Fund Co‑Investing: benefit, low. 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 reque…

## Related documents

- [2026-20466](https://policyrisk.com/federal-register/2026-20466): Adviser and Regulated Fund Custody Rules; Crypto Custody Rules, 2026-10-06
- [2026-19260](https://policyrisk.com/federal-register/2026-19260): Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4, 2026-09-21
- [2026-18424](https://policyrisk.com/federal-register/2026-18424): Political Contributions by Certain Investment Advisers, 2026-09-10
- [2026-18190](https://policyrisk.com/federal-register/2026-18190): Transfer Agent Rules, 2026-09-04
- [2026-17183](https://policyrisk.com/federal-register/2026-17183): Regulation Crypto Assets, 2026-08-21
- [2026-12163](https://policyrisk.com/federal-register/2026-12163): The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS, 2026-06-17

## Sources
- [2025-01788 on federalregister.gov](https://www.federalregister.gov/documents/2025/01/28/2025-01788/pearl-diver-credit-company-inc-et-al)
- [2025-01788 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-01-28/pdf/2025-01788.pdf)

## Related
- [Previous: 2025-01786, Agency Information Collection Activities; Submission for OMB Review; Comment Re…](https://policyrisk.com/federal-register/2025-01786)
- [Next: 2025-01790, Records Schedules; Availability and Request for Comments](https://policyrisk.com/federal-register/2025-01790)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-01788 (as of 2026-06-08).