SEC Issues Notice on Eldridge Fund Co-Investment Application

The Securities and Exchange Commission released a notice of application for an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 and rule 17d-1. The order would permit certain business development companies, closed-end, and open-end management investment companies to co-invest in portfolio companies with each other and with designated affiliated investment entities, transactions that are otherwise prohibited by sections 17(d) and 57(a)(4) of the Act.

Applicants include Eldridge Dynamic Income Fund, Eldridge Structured Credit Advisers, LLC, Eldridge Credit Advisers, LLC, Eldridge GP1 Advisers, LLC, Eldridge SME Advisers, LLC, and certain affiliated entities described in Appendix A. The original application was filed on July 20, 2026, and subsequently amended on August 25, 2026, September 30, 2026, and October 8, 2026. The filing is identified as Investment Company Act Release 36372, File No. 812-16058, and appears in the Federal Register as FR Doc No. 2026-22250, dated October 28, 2026.

A hearing will be held only if the Commission receives a request. Interested persons may request a hearing by emailing the SEC's Secretary and serving the applicants, with the request and proof of service due by 5:30 p.m., Eastern time, on November 23, 2026. Requests must state the writer's interest, relevant facts, the reason for the request, and the contested issues, as required by rule 0-5 under the Act. Parties wishing to be notified of a hearing may also request notification by email.

For further information, contact Thomas Ahmadifar, Branch Chief, or Toyin Momoh, Senior Counsel, at (202) 551-6720 or the email provided in the notice. The third amended application filed October 8, 2026, is available through the SEC's EDGAR system using the file number or company name search.