📈SEC Notice on Adams Street Investment Company Exemption Application
Adams Street Private Equity Navigator Fund LLC and Adams Street Advisors, LLC
Summary
The Securities and Exchange Commission (SEC) issued a notice regarding the application by Adams Street Private Equity Navigator Fund LLC and Adams Street Advisors, LLC, seeking an exemption under the Investment Company Act. This exemption would allow for multiple classes of shares and impose fees, providing a framework for enhanced investment management practices.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The notice involves an application for an exemption under the Investment Company Act, allowing registered investment companies to issue multiple classes of shares, impose withdrawal charges, and service fees. This regulation could impact investment company operations, financial strategies, and shareholder interactions, which are crucial for business owners and executives.