Private Equity Registration applications
An application has been given to the Securities & Exchange Commission by a Private Equity firm looking to allow multiple funds to be co invested within the same investments
Newly registering private equity firms may not realise the SEC restricts co-investment by multiple funds.
The applicants analysis of the reasons why they should bepermitted to register multiple funds is as follows:
4. Applicants state that the formulae for the allocation of co-investment opportunities among the Company and Co-Investment Affiliates, and the protective conditions set forth below will ensure that the Company will be treated fairly. Applicants state that the Company’s participation in the Co-Investment Transactions will be consistent with the provisions, policies, and purposes of the 1940 Act and on a basis that is not different from or less advantageous than that of other participants.