Federal Register #2026-22250

SEC notice on Eldridge applicants’ request for co-investment relief

The SEC issued a regulatory notice regarding Eldridge applicants’ request to conduct certain co-investment transactions. - Issuing agency: U.S. Securities and Exchange Commission (SEC), Division of Investment Management; this is not a government procurement. - Applicants named: Eldridge Dynamic Income Fund; Eldridge Structured Credit Advisers, LLC; Eldridge Credit Advisers, LLC; Eldridge GP1 Advisers, LLC; Eldridge SME Advisers, LLC; and certain affiliated entities. - Requested relief: An order permitting certain business development companies, closed-end management investment companies, and open-end management investment companies to co-invest in portfolio companies with one another and with certain affiliated investment entities. - Notable requirement: The requested order would permit transactions that would otherwise be restricted under the Investment Company Act of 1940 and related rules. - Procurement details: No products, services, quantities, part numbers, OEMs, vendors, or contract value are identified.

Description

The Securities and Exchange Commission published a notice of an application for an order permitting certain business development companies, closed-end and open-end management investment companies to co-invest in portfolio companies with each other and certain affiliated investment entities. The requested relief concerns joint transactions otherwise restricted under the Investment Company Act of 1940 and related rule. The application was filed on July 20, 2026, and amended on August 25, September 30, and October 8, 2026.

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