Blackstone Funds Plot to Pool Investments Despite SEC Rules
Published Date: 5/30/2025
Notice
Summary
Blackstone 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 grow their investments faster. The SEC is reviewing their request, and if no one objects, the new rules could take effect soon, impacting how these funds manage money.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Permit BDCs and Funds to Co-Invest
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 March 14, 2025 and amended April 11, 2025 and April 24, 2025. The SEC will issue an order unless it orders a hearing.
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