Hamilton Lane Seeks SEC Nod for Flexible Fund Fee Shenanigans
Published Date: 7/8/2025
Notice
Summary
Hamilton Lane’s investment funds want permission to offer different types of shares and charge fees for early withdrawals and services. This change affects investors in these funds and could impact how and when they pay fees. The SEC will approve this unless someone asks for a hearing by July 28, 2025.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
Permission requested to add early withdrawal charges
The applicants asked the SEC for an order to let the funds impose early withdrawal charges on investors who redeem or withdraw early. This would allow those funds to collect one-time charges when investors take money out early.
Request to impose asset-based distribution/service fees
The applicants requested permission to impose asset-based distribution and/or service fees on the funds. If approved, these fees could be charged based on assets and would affect investors who hold shares of these funds.
Funds may offer multiple share classes
Hamilton Lane’s listed closed-end funds have applied for permission to issue multiple classes of shares. If the SEC approves the application, these funds could offer different types of shares to investors.
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