Blue Owl Fund Requests Flexible Shares and Withdrawal Fees
Published Date: 4/3/2025
Notice
Summary
Blue Owl Alternative Credit Fund and its advisor asked the SEC for permission to offer different types of shares with special fees and early withdrawal charges. This change affects investors in these funds by giving them new options and fee structures starting soon. If no one objects by April 22, 2025, the SEC will approve these updates, potentially impacting how investors pay fees and access their money.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
Permission to Impose Asset-Based Fees
The applicants requested authority to impose asset-based distribution and/or service fees on certain registered closed-end funds. The application was filed March 7, 2025 and seeks explicit permission for asset-based fees.
Early Withdrawal Charges May Be Imposed
The applicants seek permission to impose early withdrawal charges on certain registered closed-end funds, which means investors could face charges for redeeming shares early. Hearing requests on the application must be received by 5:30 p.m. on April 22, 2025.
Closed-end Funds May Offer Share Classes
The applicants asked the SEC for permission to let certain registered closed-end investment companies issue multiple classes of shares. This is from an application filed March 7, 2025 and could create different share types for investors in those funds.
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