Statement Summary
The SEC has issued a notice for Coller Secondaries Private Equity Opportunities Fund and related entities, seeking permission under the Investment Company Act to allow certain business development companies (BDCs) and closed-end management investment companies to co-invest in portfolio companies. This request, filed on April 25, 2025, and amended on May 23, 2025, seeks to bypass restrictions on joint transactions typically enforced under sections 17(d) and 57(a)(4).
Interested parties have until June 23, 2025 to request a hearing on this application. The notice outlines the process for such requests and provides contacts for further information, underscoring the regulatory framework surrounding co-investment activities in the financial sector.
Original Statement
SECURITIES AND EXCHANGE COMMISSION
Investment Company Act Release No. 35615; File No. 812-15767
Coller Secondaries Private Equity Opportunities Fund, et al.
May 28, 2025.
AGENCY: Securities and Exchange Commission (“Commission” or “SEC”).
ACTION: Notice.
Notice of application for an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 (the “Act”) and rule 17d-1 under the Act to permit certain joint transactions otherwise prohibited by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 under the Act.
Summary of Application: Applicants request an order to permit certain business development companies (“BDCs”) and closed-end management investment companies to co-invest in portfolio companies with each other and with certain affiliated investment entities.
Applicants: Coller Secondaries Private Equity Opportunities Fund, Coller Private Credit Secondaries, Coller Private Market Secondaries Advisors, LLC, Coller Investment Management Limited, Coller Capital, Inc., Coller Capital Limited, Coller Credit Secondaries Investment Management Limited, and certain of their affiliated entities as described in Appendix A of the application.
Filing Dates: The application was filed on April 25, 2025, and amended on May 23, 2025.
Hearing or Notification of Hearing: An order granting the requested relief will be issued unless the Commission orders a hearing. Interested persons may request a hearing on any application by emailing the SEC’s Secretary at Secretarys-Office and serving the Applicants with a copy of the request.
- Hearing requests should be received by the Commission by 5:30 p.m. on June 23, 2025.
- They should be accompanied by proof of service on the Applicants, in the form of an affidavit or certificate of service.
- Requests should state the nature of the writer’s interest and reasons for the hearing.
Persons who wish to be notified of a hearing: May request notification by emailing the Commission’s Secretary.
Contact Information
ADDRESS: The Commission: Secretarys-Office
Applicants: Radin Ahmadian, Coller Secondaries Private Equity Opportunities Fund, at radin.ahmadian and Nathan Somogie, Esq., Simpson Thacher & Bartlett LLP, at nathan.somogie.
FOR FURTHER INFORMATION CONTACT: Kieran G. Brown, Senior Counsel, or Adam Large, Senior Special Counsel, at (202) 551-6825 (Division of Investment Management, Chief Counsel’s Office).
SUPPLEMENTARY INFORMATION: For Applicants’ representations, legal analysis, and conditions, please refer to Applicants’ first amended application dated May 23, 2025, available via the Commission’s website.
For the Commission, by the Division of Investment Management, under delegated authority.
Sherry R. Haywood, Assistant Secretary.
