21 Mar 2025
📈SEC Notice on Exemption for Multiple Classes of Shares in Investment Companies
Carlyle Global Credit Investment Management L.L.C., et al.
Summary
The SEC has issued a notice regarding an application from Carlyle Global Credit Investment Management L.L.C. for an exemption under the Investment Company Act, permitting registered closed-end investment companies to issue multiple classes of shares with different sales loads and service fees. The notice outlines procedures for interested parties to request a hearing on this application.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC notice involves an application for an exemption under the Investment Company Act, impacting business development companies. It allows for the issuance of multiple classes of shares with varying fees, which can affect revenue generation and compliance for investment companies.