Code of Federal Regulations > Title 12 > Chapter II > Part 225 > Subpart J - Subpart J—Merchant Banking Investments

U.S. Code of Federal Regulations

Regulations most recently checked for updates: Aug 27, 2025

§ 225.170 - What type of investments are permitted by this subpart, and under what conditions may they be made?

§ 225.171 - What are the limitations on managing or operating a portfolio company held as a merchant banking investment?

§ 225.172 - What are the holding periods permitted for merchant banking investments?

§ 225.173 - How are investments in private equity funds treated under this subpart?

§ 225.174 - What aggregate thresholds apply to merchant banking investments?

§ 225.175 - What risk management, record keeping and reporting policies are required to make merchant banking investments?

§ 225.176 - How do the statutory cross marketing and sections 23A and B limitations apply to merchant banking investments?

§ 225.177 - Definitions.