# 2025-20687: SEC Issues Notice on Willow Tree Capital Group

2025-20687, Willow Tree Capital Corporation, et al., is a Federal Register notice from Securities and Exchange Commission published 2025-11-24, effective Hearing requests should be received by the Commission by 5:30 p.m. on December 15, 2025. (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-20687
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-20687
- Title: Willow Tree Capital Corporation, et al.
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 53028
- Published: 2025-11-24
- Effective: Hearing requests should be received by the Commission by 5:30 p.m. on December 15, 2025.
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

SEC Issues Notice on Willow Tree Capital Group

## Summary

Willow Tree Capital and its partners want permission to team up and invest together in certain companies, which they couldn’t do before. This change affects their business development companies and investment funds, letting them share opportunities and risks. If no one asks for a hearing by December 15, 2025, the SEC will likely approve this move, potentially boosting their investment power.

## Effects PRIA read

- Permission for BDCs to Co‑Invest: benefit, medium. Willow Tree Capital and certain affiliated business development companies (BDCs) and closed-end management investment companies asked the SEC for an order to permit them to co-invest in portfolio companies with each other and with certain affiliated investment entities. The application requests rel…
- Likely SEC Approval Unless Hearing Requested: benefit, low. The SEC stated that an order granting the requested relief will be issued unless the Commission orders a hearing. Interested persons must request a hearing and serve the applicants by 5:30 p.m. on December 15, 2025; if no hearing is requested by that deadline, the requested relief will likely be gr…

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## Sources
- [2025-20687 on federalregister.gov](https://www.federalregister.gov/documents/2025/11/24/2025-20687/willow-tree-capital-corporation-et-al)
- [2025-20687 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-11-24/pdf/2025-20687.pdf)

## Related
- [Previous: 2025-20686, Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2025-20686)
- [Next: 2025-20688, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Order Instituting Proce…](https://policyrisk.com/federal-register/2025-20688)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-20687 (as of 2026-06-08).