SEC Notice on Monachil Credit Co-Investment Application
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice says the SEC may allow Monachil-related business development companies, closed-end funds, and affiliated investment entities to invest together in the same portfolio companies. These joint investments are normally restricted when affiliated funds are involved, so the applicants are asking for permission to operate under set conditions. The practical impact is limited to Monachil Credit Income Fund, related Monachil funds, their subsidiaries, affiliated investment vehicles, and their investors. Anyone who objects can ask the SEC for a hearing by May 26, 2026.
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Key Changes
- The SEC is considering an order that would let specified Monachil-related funds co-invest in portfolio companies.
- The requested permission would cover certain business development companies, closed-end funds, subsidiaries, and affiliated investment entities.
- Interested parties may request a hearing by 5:30 p.m. Eastern time on May 26, 2026.
Obligations
What this law requires
Interested persons seeking a hearing on the SEC application must submit the hearing request by emailing the SEC Secretary at [email protected].
A hearing request must include the SEC file number for the application: File No. 812-15951.
Any person requesting a hearing must serve the Applicants with a copy of the hearing request by email if an email address is listed, or personally or by mail if a physical address is listed.
A hearing request must be accompanied by proof of service on the Applicants, in the form of an affidavit or, for lawyers, a certificate of service.
A hearing request must state the requester's interest, facts bearing on whether a hearing is desirable, the reason for the request, and the issues contested.