Private Equity Funds Swap Cash Fees for Shares: Investor Impact?
Published Date: 4/30/2026
Notice
Summary
GCM Grosvenor’s Private Equity Capital Opportunities Fund and Wealth L.P. want permission to pay their investment advisors with company shares instead of cash. This change could affect investors and advisors by mixing up how fees are paid, starting soon after May 26, 2026, if no hearing is requested. It’s a fresh twist on fees that might impact how money flows in these funds.
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Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Funds May Pay Advisory Fees in Stock
GCM Grosvenor has asked the SEC for permission to let certain registered closed-end management investment companies and business development companies pay investment advisory fees in shares of their common stock instead of cash. If the SEC does not order a hearing, an order granting that relief could be issued after hearing requests are due by 5:30 p.m. Eastern on May 26, 2026.
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