29 Apr 2025
📈SEC Notice on Ardian Access LLC Exemption Application Overview
Ardian Access LLC and Ardian US LLC
Summary
The SEC has issued a notice regarding Ardian Access LLC and Ardian US LLC's application for exemptions under the Investment Company Act of 1940. The request seeks to allow registered closed-end investment companies to issue multiple classes of shares with different sales loads and distribution fees, aimed at enhancing their operational flexibility.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory notice discusses an application for an exemption that would allow registered closed-end investment companies to issue multiple classes of shares with varying sales loads and fees. This introduces potential changes in capital raising and investment strategies for businesses in the sector.