Search Results for keywords:"multiple classes of shares"

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.

The Securities and Exchange Commission (SEC) has issued a notice about an application submitted by North Haven Private Income Fund LLC and related entities. These companies have requested permission to issue multiple classes of shares with different sales charges and distribution fees. The SEC will issue an order to grant this request unless someone requests a hearing. Hearing requests must be submitted to the SEC by April 14, 2025, and should explain why the hearing is necessary.

The Securities and Exchange Commission (SEC) has released a notice regarding an application for exemption requested by Jefferies Credit Management LLC and Jefferies Credit Partners BDC Inc. The applicants seek permission to allow certain registered closed-end investment companies to issue multiple classes of shares with different sales loads and fees. This notice provides information on how individuals can request a hearing regarding the application. Any hearing requests must be submitted to the SEC by April 8, 2025.

The Securities and Exchange Commission (SEC) has issued a notice regarding an application from several applicants, including HPS Advisors, LLC and related funds, for an exemption from certain sections of the Investment Company Act of 1940. The exemption would allow these registered closed-end investment companies, which are regulated as business development companies, to issue different classes of shares with various sales loads and fees. A decision on granting the requested exemption will be made unless a hearing is requested by May 12, 2025. Interested parties can request a hearing by contacting the SEC or the applicants.

The Securities and Exchange Commission (SEC) is considering an application from TCW Private Asset Income Fund and TCW Asset Backed Finance Management Company LLC. The applicants are seeking an order to allow certain closed-end investment companies to issue multiple classes of shares, and to apply asset-based distribution, service fees, and early withdrawal charges. The application was submitted on October 24, 2024, and the SEC has invited interested individuals to request a hearing regarding this matter by contacting them before December 20, 2024. If no hearing is ordered, the SEC may grant the requested relief.

The Securities and Exchange Commission (SEC) has published a notice about an application from the Coatue CTEK Fund and Coatue Management, L.L.C. These applicants are seeking an order to allow certain registered closed-end investment companies to issue multiple classes of shares, along with imposing asset-based fees and early withdrawal charges. If no hearing is requested by January 7, 2025, the SEC is set to grant the requested exemptions. Interested parties are given details on how to apply for a hearing if they wish to contest the application.

The Securities and Exchange Commission (SEC) has issued a notice regarding an application from HarbourVest Private Investments Fund and HarbourVest Registered Advisers L.P. for certain exemptions under the Investment Company Act of 1940. This application seeks permission for certain registered closed-end investment companies to issue multiple classes of shares and to charge early withdrawal fees and asset-based distribution or service fees. The application was filed on November 8, 2024, and interested parties can request a hearing by contacting the SEC by January 3, 2025. Further information and the application details can be accessed on the SEC's website or by contacting the SEC's Public Reference Room.

The Securities and Exchange Commission (SEC) has published a notice about an application from Antares Private Credit Fund and Antares Capital Credit Advisers LLC. They are seeking an exemption under the Investment Company Act of 1940 to allow certain investment companies to issue multiple classes of shares with different sales fees and service charges. The application was initially filed in May 2024 and amended in November 2024. The SEC will grant the requested relief unless a hearing is ordered, with hearing requests due by December 23, 2024.

The Securities and Exchange Commission (SEC) is considering an application from Global X Venture Fund and Global X Management Company, LLC. The application seeks permission for certain registered closed-end investment companies to offer multiple classes of shares and to impose early withdrawal charges and fees for distribution and services. If no hearing is scheduled, the SEC may grant the requested relief after reviewing any submissions. People interested in a hearing can request one by contacting the SEC through the provided email by January 3, 2025.

The Securities and Exchange Commission (SEC) has published a notice about an application from Columbia Credit Income Opportunities Fund and Columbia Management Investment Advisers, LLC. They are seeking permission for certain registered closed-end investment companies to issue multiple classes of shares and charge asset-based distribution and/or service fees and early withdrawal charges. The application was initially filed on December 31, 2024, and later amended on February 12, 2025. Interested individuals can request a hearing by contacting the SEC by April 8, 2025.