22 Apr 2025
📈SEC Notice on Investment Company Exemption for Multiple Share Classes
HPS Corporate Lending Fund, et al.
Summary
This SEC notice addresses an application under the Investment Company Act for HPS Corporate Lending Fund and affiliates seeking an exemption to issue various classes of shares. It outlines potential hearing processes and relevant contacts while providing a framework for how regulated entities may adjust their share issuance practices.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC notice relates to an application for an exemption that allows investment companies to issue multiple share classes. This exemption could affect fundraising strategies and compliance obligations for business development companies and related investors, directly impacting financial structures.