2025-09264Notice

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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Key Dates

Published Date
5/23/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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