ARK Funds Seek SEC Nod for Fee Tweaks
Published Date: 9/12/2025
Notice
Summary
ARK Venture Fund and ARK Investment Management LLC want permission to offer different types of shares and charge fees based on assets or early withdrawals. This change affects investors in these funds and could impact how fees are paid. The SEC will decide by October 6, 2025, unless someone asks for a hearing.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
New Share Classes Allowed
ARK Venture Fund has applied for permission to issue multiple classes of shares for its closed-end fund. The SEC will act on the application unless a hearing is requested by 5:30 p.m. on October 6, 2025.
Asset-Based Distribution & Service Fees
ARK Venture Fund applied for authority to impose asset-based distribution and/or service fees, meaning certain share classes could charge ongoing fees calculated as a percentage of fund assets. The SEC will decide on the application unless a hearing is requested by October 6, 2025.
Early Withdrawal Charges Possible
The applicants seek permission to impose early withdrawal charges, so investors who redeem or sell shares early could face a fee. Interested persons may request a hearing on the application by 5:30 p.m. on October 6, 2025.
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