Investment Remix: Advisors Seek Flexible Fees for Business Shares
Published Date: 5/11/2026
Notice
Summary
Adams Street Advisors wants permission to offer different types of shares with various fees and sales charges for their business development companies. This change could affect investors by giving them more choices on how to invest and pay fees. If no one asks for a hearing by June 1, 2026, the SEC will likely approve this soon.
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Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
BDC Share Classes with Different Fees
Adams Street Advisors asked the SEC for permission to let certain business development companies issue multiple classes of shares that have different sales loads and different asset-based distribution and service fees. This would give investors more choices about which share class to buy and how they pay fees. The application was filed April 1, 2026, and the SEC will likely grant the order unless a hearing is requested by June 1, 2026.
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