SEC Notice of Application for Co-Investment Relief: Lord Abbett Private Credit Fund et al.
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The Securities and Exchange Commission published a notice on March 25, 2026 regarding an application filed by Lord Abbett Private Credit Fund and multiple affiliated entities. The applicants are seeking an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 and rule 17d-1 to allow certain business development companies (BDCs) and closed-end management investment companies to engage in joint transactions with each other and with affiliated investment entities. These co-investments would otherwise be prohibited by sections 17(d) and 57(a)(4) of the Act. The application was originally filed on May 28, 2025 and has undergone multiple amendments, with the latest on February 5, 2026. Interested parties may request a hearing by April 21, 2026.
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Key Changes
- Grants relief under Sections 17(d) and 57(i) of the 1940 Act and Rule 17d-1 for co-investments
- Application filed May 28, 2025 with amendments through February 5, 2026
- Hearing requests must be received by April 21, 2026 at 5:30 p.m. Eastern time
+ 3 more changes with Pro
Obligations
What this law requires
Interested parties seeking a hearing on the co-investment relief application must submit a written request by email to Secretarys-Office@sec.gov and serve a copy on the Applicants by the deadline of 5:30 p.m. Eastern time on April 21, 2026, including proof of service as an affidavit or certificate of service.
Hearing requests must include the file number (812-15816), state the nature of the requestor's interest, any facts bearing upon the desirability of a hearing, the reason for the request, and the issues contested, pursuant to rule 0-5 under the Investment Company Act.
The applicant entities (Lord Abbett Private Credit Fund and affiliated entities) must comply with sections 17(d) and 57(a)(4) of the Investment Company Act of 1940 and rule 17d-1 unless an order granting relief is issued by the SEC.
The applicants must maintain and make available their third amended and restated application filed February 5, 2026, including representations, legal analysis, and conditions, accessible via the SEC's EDGAR system for File No. 812-15816.
Business development companies and closed-end management investment companies cannot engage in joint co-investment transactions with each other and affiliated investment entities in portfolio companies unless the SEC grants the requested order under sections 17(d) and 57(i) of the Act and rule 17d-1.