Wall Street Pals Ask SEC for Investment Buddy Pass
Published Date: 3/18/2025
Notice
Summary
Meketa Capital and its related funds want permission to team up and invest together in certain companies, even though rules usually say they can’t. This change affects investors in these funds and could help them pool money for bigger opportunities. If no one objects by April 7, 2025, the SEC will likely approve this move, which might lead to smarter investments without extra costs.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Meketa Funds Allowed to Co‑Invest
Meketa Capital, LLC and related funds (including Meketa Investment Group, Meketa Infrastructure Fund, Meketa Private Equity Co‑Investment Fund, Primark Advisors LLC, and Primark Meketa Private Equity Investments Fund) asked the SEC for an order under section 17(d) and rule 17d‑1 to allow certain closed‑end management investment companies to co‑invest in portfolio companies with each other and certain affiliated investment entities.
April 7, 2025 Objection Deadline
The SEC will issue the requested order unless it orders a hearing; persons who want a hearing must submit a hearing request by 5:30 p.m. on April 07, 2025, with proof of service on the applicants as described in the notice.
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