24 Apr 2025
🏦SEC Notice on Exemption Application for Connetic Venture Fund
Connetic Venture Capital Access Fund and Connetic RIA, LLC
Summary
The SEC has issued a notice regarding Connetic Venture Capital Access Fund's application for exemptions under the Investment Company Act. The applicants seek permission to issue multiple classes of shares, apply early withdrawal charges, and implement asset-based fees. Interested parties may request a hearing on the application by contacting the SEC.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC notice involves an application for exemptions related to investment offerings, allowing registered closed-end funds to issue multiple share classes, impose early withdrawal charges, and asset-based fees. This impacts business owners by providing opportunities to raise capital and manage funds more flexibly.