Investment Funds Pitch Flexible Fee Menu to SEC
Published Date: 2/21/2025
Notice
Summary
AMG Comvest Senior Lending Fund and Comvest Credit Managers want permission to offer different types of shares with various fees and sales charges. This change affects investors in these funds by giving them more choices on how they invest and pay fees. The SEC will decide by March 13, 2025, unless someone asks for a hearing, and this could impact how much investors pay over time.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Funds May Offer Multiple Share Classes
AMG Comvest Senior Lending Fund asked the SEC for permission to let certain closed-end funds that are regulated as business development companies issue multiple classes of shares with different sales loads and asset-based distribution or service fees. The application was filed July 1, 2024 and amended October 7, 2024 and February 7, 2025. The SEC will act unless a hearing is requested by 5:30 p.m. on March 13, 2025, and the change would give investors more choices about how they invest and pay fees.
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