SEC Notice of Application for Co-Investment Relief under the Investment Company Act
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The U.S. Securities and Exchange Commission published a notice on March 19, 2026 regarding an application filed by FP Strategies LLC, RoboStrategy, Inc., and Satya Robo Holdings LLC. The applicants are seeking an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 and rule 17d-1 that would allow certain business development companies (BDCs) and closed-end management investment companies to engage in joint transactions and co-invest in portfolio companies with each other and with affiliated investment entities. These transactions would otherwise be prohibited by sections 17(d) and 57(a)(4) of the Act. The application was filed on February 6, 2026. Interested parties may request a hearing by April 13, 2026.
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Key Changes
- Permits BDCs and closed-end funds to co-invest in portfolio companies with affiliated entities
- Provides relief from prohibitions under sections 17(d) and 57(a)(4) of the 1940 Act
- Application filed on February 6, 2026
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