SEC Notice on Third Point Private Capital Co-Investment Application
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
Opens a public window for objections before the SEC decides whether to let certain Third Point-linked funds invest together in the same portfolio companies. The request covers business development companies, closed-end investment funds, and affiliated investment entities that would otherwise face limits on joint deals under investment company rules. For compliance teams, the main point is procedural: anyone who wants a hearing must email the SEC by 5:30 p.m. Eastern time on May 26, 2026, and also serve the applicants. If no hearing is ordered, the SEC may grant the requested order.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Announces an SEC application seeking permission for Third Point-related funds to co-invest in portfolio companies.
- Sets a May 26, 2026 deadline for interested parties to request a hearing.
- Identifies the applicants and directs readers to the amended application on EDGAR for the proposed conditions and details.
Obligations
What this law requires
To request a hearing on the application, an interested person must email the SEC Secretary at [email protected] and include File No. 812-15583 in the email.
A 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 should state the requester’s interest, facts bearing on the desirability of a hearing, the reason for the request, and the issues contested, as provided by rule 0-5 under the Investment Company Act.
A person who wants to be notified of any hearing may request notification by emailing the SEC Secretary at [email protected].