2026-09481NoticeWallet

Goldman Sachs Trades Cash for Shares: Advisor Pay Goes Equity-Only?

Published Date: 5/13/2026

Notice

Summary

G-X Private Equity and Goldman Sachs Asset Management want permission to pay their investment advisors with company shares instead of cash. This change affects certain investment companies and could shake up how fees are handled, possibly saving cash or changing ownership stakes. If you want to speak up, you have until June 1, 2026, to request a hearing with the SEC.

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Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Paying Adviser Fees With Company Stock

G-X Private Equity and Goldman Sachs Asset Management, L.P. asked the SEC for an order to allow certain registered closed-end management investment companies and business development companies to pay investment advisory fees in shares of their common stock instead of cash. The application was filed April 3, 2026 and amended May 6, 2026.

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Key Dates

Published Date
5/13/2026

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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