Federal Register #2026-05751

SEC Notice: Application by Savvly Fund #3 and Savvly Advisor, LLC for Joint Investment Transactions

This notice concerns a regulatory application submitted to the Securities and Exchange Commission (SEC) by Savvly Fund #3 and Savvly Advisor, LLC: - The SEC is the government agency involved; no procurement of goods or services is taking place - The application seeks an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 and rule 17d-1 - The request would permit certain joint transactions among business development companies (BDCs), closed-end management investment companies, and affiliated investment entities - The proposed fund structure includes: - Issuance of common shares and multiple series of preferred tracking shares - Allocation formulas based on longevity factors - Administrative fees - Use of proprietary algorithms (designed and owned by Savvly) licensed to the fund administrator for value allocation - No specific products, part numbers, or service quantities are being procured - The notice is for regulatory action and public comment, not a contract opportunity

Description

This notice from the Securities and Exchange Commission announces an application filed by Savvly Fund #3 and Savvly Advisor, LLC seeking an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 and rule 17d-1 to permit certain joint transactions otherwise prohibited by the Act. The application involves business development companies and closed-end management investment companies co-investing in portfolio companies with affiliated investment entities. The notice details the terms of the proposed investment fund structure, including issuance of common and preferred tracking shares, allocation formulas based on longevity factors, and administrative fees. Interested parties may request a hearing by April 17, 2026.

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