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ICI Statement on SEC Notice to Grant Co-Investment Applications

Washington, DC; April 3, 2025—Today, Investment Company Institute (ICI) President and CEO Eric J. Pan released the following statement after the Securities and Exchange Commission (SEC) issued a notice that it intends to grant an application for co-investment relief:

“We welcome the SEC’s publication today of a notice stating that it intends to grant the application for co-investment relief filed by FS Credit Opportunities Corp. As ICI wrote to the SEC last month, the principles-based co-investment framework envisaged in the application is key to expanding retail access to private markets. We look forward to working with the SEC and our members to continue removing unnecessary regulatory barriers and to allow everyday Americans to access private markets as part of a diversified investment strategy that supports US capital formation.”