Federal Register #2026-21621

SEC Notice on Proposed Co-Investment Relief for Investment Companies

The Securities and Exchange Commission (SEC) issued a notice about an application for permission to conduct certain co-investments. - Government agency: U.S. Securities and Exchange Commission (SEC); no purchasing sub-agency or office is identified. - Applicants named: Neostellar Capital Corp.; Neostellar Advisors LLC; Magnetar Financial LLC; Magnetar Financial (UK) LLP; and MCP Investing LLC. The application also identifies certain investment vehicles, but does not name them in the provided summary. - Request: The applicants seek an order allowing certain business development companies and closed-end and open-end management investment companies to co-invest in portfolio companies with one another and specified affiliated investment entities. - Notable regulatory issue: The requested relief concerns restrictions on joint transactions under sections 17(d) and 57(a)(4) of the Investment Company Act of 1940 and rule 17d-1. - Procurement status: This is a regulatory application notice, not a request to purchase products or services. No products, quantities, part numbers, or contract value are provided.

Description

The SEC notice concerns an application requesting an order permitting certain business development companies and closed-end and open-end management investment companies to co-invest in portfolio companies with one another and certain affiliated investment entities. The requested order would permit joint transactions otherwise prohibited under sections 17(d) and 57(a)(4) of the Investment Company Act and rule 17d-1. The application was filed August 3, 2026, and amended October 2, 2026. Interested persons may request a hearing by November 16, 2026.

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