The Securities and Exchange Commission (SEC) has issued a notice about a request from the First Eagle Private Credit Fund and First Eagle Investment Management, LLC. They are asking for permission to allow certain investment companies that are organized as business development companies to issue different classes of shares with varying sales charges and fees. This request is being made under specific sections of the Investment Company Act of 1940. The public can request a hearing on this matter by contacting the SEC before January 7, 2025.
Simple Explanation
The SEC is thinking about letting a group of companies sell different types of shares, which means people could pay different amounts of money based on their choice. People who care about this can ask to talk about it with the SEC by early January 2025.