WASHINGTON, D.C. (March 5, 2021) — The Securities and Exchange Commission (SEC) has updated some of the targeted COVID-relief measures it put in place last spring. Of particular note is an extension of the “no-action” enforcement relief for co-investment transactions through March 31, 2022. SBIA will continue to push the SEC to permanently allow BDCs to engage in co-investment transactions. The SEC also announced it will continue to allow board meetings to take place virtually.
About the Small Business Investor Alliance (SBIA)
The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 60 years. For more information, visit www.SBIA.org or call (202) 628-5055.