Search Results for keywords:"legal analysis"

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Search Results: keywords:"legal analysis"

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  • 2024-28194 — Hamilton Lane Private Assets Fund, Hamilton Lane Private Infrastructure Fund, Hamilton Lane Private Secondary Fund and Hamilton Lane Advisors, L.L.C.
    Type:Notice
    Citation:89 FR 95256
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has issued a notice regarding an application from Hamilton Lane Private Assets Fund and related entities. The applicants seek permission for certain investment companies to pay advisory fees using shares of their own common stock. The public can request a hearing on this matter by contacting the SEC by December 20, 2024. Details of the application, including its legal analysis and conditions, are available on the SEC's website.

    Simple Explanation

    The SEC is thinking about letting some companies pay their advisors with shares of their own stock instead of money. If people have opinions about this or want to talk about it, they need to tell the SEC by December 20, 2024.

  • 2025-02917 — AMG Comvest Senior Lending Fund and Comvest Credit Managers, LLC
    Type:Notice
    Citation:90 FR 10107
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has announced a notice regarding an application for exemption from certain sections of the Investment Company Act of 1940. AMG Comvest Senior Lending Fund and Comvest Credit Managers, LLC are seeking permission to allow business development companies to issue multiple classes of shares with different sales charges and fees. The application was initially filed in July 2024 and has been amended twice since then. Interested parties have until March 13, 2025, to request a hearing on the application.

    Simple Explanation

    The Securities and Exchange Commission is thinking about letting two companies, AMG Comvest Senior Lending Fund and Comvest Credit Managers, LLC, sell different kinds of shares with different prices and rules, which isn't normally allowed. They have asked for permission to do this, and people have until March 13, 2025, to say if they want to talk more about it.