SEC Reviews Dawson Fund's Fee and Share Structure Changes
Published Date: 3/18/2026
Notice
Summary
Dawson Private Markets Evergreen Fund and Dawson Partners (US) Inc. asked the SEC for permission to offer different types of shares, charge fees for early withdrawals, and add ongoing service fees. This change affects investors in these funds and could impact how and when they pay fees. If no one objects by April 10, 2026, the SEC will approve these updates.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
Allowed Early Withdrawal Charges
The applicants requested permission to impose early withdrawal charges on investors in the Dawson fund. The request was filed January 28, 2026, and hearing requests must be received by 5:30 p.m. Eastern on April 10, 2026. If approved, investors who redeem early could pay explicit early withdrawal fees.
Imposition of Asset-Based Distribution/Service Fees
Applicants asked the SEC for permission to impose asset-based distribution and/or service fees on the fund, as requested in the January 28, 2026 application. The SEC will act unless a hearing is requested by 5:30 p.m. Eastern on April 10, 2026. If authorized, investors would face ongoing asset-based distribution or service fees charged by the fund.
Permission to Offer Multiple Share Classes
Dawson Private Markets Evergreen Fund asked the SEC on January 28, 2026 for permission to issue multiple classes of shares for the fund. The SEC will issue an order unless someone requests a hearing by 5:30 p.m. Eastern on April 10, 2026. This change affects investors in the fund and may change how share offerings are structured.
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