Parsing The SEC's New Increased Co-Investment Flexibility

By Ryan Brizek, Kenneth Burdon and Jonathan Gaines ( May 12, 2025, 4:17 PM EDT) -- The U.S. Securities and Exchange Commission is beginning to move forward on expressed agenda items to improve retail investor access to alternative investments and private markets. This is part of a more general trend indicating that the SEC is receptive to modernizing and streamlining the regulatory framework of the Investment Company Act of 1940, and that the commission may permit greater innovation by, and more efficient operation of, 1940 Act-regulated funds....

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