Fund Mixes Fee Flavors, SEC Eyes Investor Options
Published Date: 3/25/2025
Notice
Summary
North Haven Private Income Fund and partners want permission to offer different types of shares with varying fees and sales charges to investors. This change affects certain investment companies and could give investors more choices on how they invest and pay fees. If no one asks for a hearing by April 14, 2025, the SEC will likely approve this soon.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
BDCs May Offer Multiple Share Classes
The applicants ask the SEC for permission to let certain registered closed-end funds that are regulated as business development companies (BDCs) issue multiple classes of shares that have different sales loads and different asset-based distribution and/or service fees. Interested persons may request a hearing by 5:30 p.m. on April 14, 2025; otherwise the SEC will likely issue the requested order.
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