Search Results for citation:"90 FR 10739"

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Search Results: citation:"90 FR 10739"

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  • 2025-03122 — iDirect Private Markets Fund, et al.
    Type:Notice
    Citation:90 FR 10739
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has issued a notice concerning an application by iDirect Private Markets Fund and related entities. They are seeking permission to allow certain investment companies to issue multiple classes of shares and charge fees for distribution and early withdrawal. The application was initially filed in June 2024 and subsequently amended in October 2024. Interested parties have until March 13, 2025, to request a hearing if they wish to contest the application.

    Simple Explanation

    An investment group, iDirect Private Markets Fund, wants permission to let people buy special kinds of shares and charge extra fees if they sell too soon. The SEC says people can share their thoughts or concerns about this plan until March 13, 2025.

  • 2025-03121 — HarbourVest Private Investments Fund and HarbourVest Registered Advisers L.P.
    Type:Notice
    Citation:90 FR 10739
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is considering an application from HarbourVest Private Investments Fund and HarbourVest Registered Advisers L.P. for an exemption under the Investment Company Act of 1940. This exemption would allow certain registered investment companies to pay advisory fees in shares of their common stock. Interested parties can request a hearing by emailing the SEC and the applicants by March 14, 2025. The application's details and conditions can be accessed through the SEC's EDGAR system.

    Simple Explanation

    The SEC is thinking about letting some investment companies pay their helpers with shares instead of cash, and they want people to tell them their opinions about this idea by March 14, 2025.