SEC receives joint-investment relief request from Neostellar and Magnetar affiliates

The Securities and Exchange Commission has posted a notice of an application for an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 and rule 17d-1. The request, identified as Investment Company Act Release No. 36363; File No. 812-16066, was originally filed on August 3, 2026 and amended on October 2, 2026. Applicants seek permission for certain business development companies, closed-end management investment companies, and open-end management investment companies to co-invest in portfolio companies with one another and with designated affiliated investment entities, transactions otherwise prohibited by the Act.

A hearing will be held only if the Commission receives a request. Interested persons must submit a hearing request by email or mail, with proof of service, by 5:30 p.m. Eastern time on November 16, 2026. The request must reference the file number and state the requester's interest, relevant facts, and contested issues. Absent a hearing request, the Commission will issue an order granting the relief.

The applicants are Neostellar Capital Corp., Neostellar Advisors LLC, Magnetar Financial LLC, Magnetar Financial (UK) LLP, MCP Investing LLC, and certain vehicles listed in Schedule A and Schedule B to the application. Contact persons for the applicants are Mark D. Klein and Allison Green for Neostellar, and Karl Wachter, Esq. and Michael L. Butler, Esq. for Magnetar, with additional counsel listed in the notice.

The amended application and supporting materials are available through the SEC's EDGAR system using the file number or company name search. For further information, the SEC's Division of Investment Management can be reached at (202) 551-6720 or via the email address provided in the notice.