SEC Approves Flexible Share Options for CIFC Funds
Published Date: 2/20/2026
Notice
Summary
CIFC Direct Lending Evergreen Fund LP and CIFC Private Credit Management LLC asked the SEC for permission to offer different types of shares with varying fees and sales charges. This change affects investors in these funds by giving them more options on how they invest and pay fees. The SEC will decide by March 16, 2026, unless someone requests a hearing, so keep an eye out if you want to speak up!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
BDC Multiple Share Classes Allowed
CIFC Direct Lending Evergreen Fund LP and CIFC Private Credit Management LLC asked the SEC under section 6(c) of the Investment Company Act to allow certain closed-end companies that are regulated as business development companies to issue multiple classes of shares with different sales loads and asset-based distribution and/or service fees. The application was filed on December 29, 2025; the SEC will issue an order unless a hearing is requested by 5:30 p.m. Eastern time on March 16, 2026.
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