Venture Funds Push to Pool Bets on Same Startup Targets
Published Date: 5/23/2025
Notice
Summary
Global X Venture Fund and its partners want permission to team up and invest together in the same companies, even though current rules usually say no. This change would let them share opportunities and risks, potentially boosting their investments. If no one objects by June 16, 2025, the SEC will likely approve this move, which could affect investors and the funds’ strategies.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
BDCs and Closed-End Funds May Co‑Invest
Global X Venture Fund and the listed applicants asked the SEC for an order under sections 17(d), 57(i), and rule 17d-1 to allow certain business development companies (BDCs) and closed-end management investment companies to co-invest in the same portfolio companies and with certain affiliated investment entities. The application was filed February 20, 2025 and amended April 29, 2025; the SEC will likely issue the order unless a hearing is requested by June 16, 2025.
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