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Business Development Companies Limited Partnerships

Morgan Lewis

SEC Clarifies BDC Transactions with Certain Second-Tier Affiliates

Morgan Lewis on

The SEC’s Division of Investment Management has clarified which restrictions apply to BDC’s co-investment transactions with limited partners of a partnership that is an affiliated person of the BDC....more

Proskauer Rose LLP

SEC Permits BDCs to Analyze LPs as Stockholders for Certain Co-Investments

Proskauer Rose LLP on

On December 5, 2014, the Securities and Exchange Commission, through the Chief Accountant's Office of its Investment Management Division, issued a Guidance Update in response to a public inquiry regarding co-investment...more

Eversheds Sutherland (US) LLP

New SEC Guidance Adds Flexibility to BDC Co-Investing

The U.S. Securities and Exchange Commission (SEC) Division of Investment Management (the Division) just published guidance that will permit business development companies (BDCs) to co-invest with certain persons considered...more

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