Third Point Funds Seek SEC Nod for Varied Share Fees and Investor Options
Published Date: 8/28/2025
Notice
Summary
Third Point Private Capital LLC and Third Point Private Capital Partners want permission to offer different types of shares with various fees for their investment companies. This change affects investors in these companies by giving them more options on how they invest and pay fees. The SEC will decide by September 19, 2025, unless someone asks for a hearing, and this could impact how much investors pay in sales and service fees.
Free Policy Watch
New rules are filed every week. Most people never see them.
Pick a topic. PRIA watches every federal rule and tells you when one hits your household.
Pick a topic to get started
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
New share classes with varying fees
If you invest in the applicants' closed-end investment companies that intend to elect to be regulated as business development companies, the applicants asked the SEC (application filed June 4, 2025) for permission to issue multiple classes of shares with different sales loads and asset-based distribution and/or service fees. This would give investors more choices about how to invest and could change how much you pay in sales and service fees. The SEC will issue an order unless a hearing is requested by 5:30 p.m. on September 19, 2025.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in