Search Results for citation:"90 FR 12615"

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Search Results: citation:"90 FR 12615"

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  • 2025-04298 — Meketa Capital, LLC, et al.
    Type:Notice
    Citation:90 FR 12615
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has published a notice regarding an application for an order under the Investment Company Act of 1940. This order would allow certain closed-end investment companies to jointly invest in portfolio companies with each other and with specific affiliated investment entities, a practice usually restricted by law. The application was submitted by companies including Meketa Capital, LLC, and amended multiple times, with the most recent amendment on February 21, 2025. A hearing may be requested by interested parties until April 7, 2025, through specific channels provided by the SEC.

    Simple Explanation

    The SEC is thinking about letting some companies invest together with friends they usually can't because of rules. They want to hear from people about this idea by April 7, 2025.

  • 2025-04299 — Ares Core Infrastructure Fund, et al.
    Type:Notice
    Citation:90 FR 12615
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) issued a notice about an application for an exemption from certain sections of the Investment Company Act of 1940. The application is from various companies, including Ares Capital Management and Ares Core Infrastructure Fund, seeking permission to offer multiple classes of shares with different sales fees for certain investment companies. The application was initially filed on January 8, 2025, and amended on February 28, 2025. The SEC will grant the requested relief unless a hearing is ordered, and interested individuals can request a hearing by April 7, 2025.

    Simple Explanation

    The SEC is thinking about letting a company called Ares and its partners use different rules for selling shares because they asked nicely. They will decide soon, and if people have questions or want to talk about it, they have until April 7, 2025, to ask for a chat.