26 Feb 2025
📈SEC Notice on iDirect Private Markets Fund Application for Exemption
iDirect Private Markets Fund, et al.
Summary
This notice from the Securities and Exchange Commission details an application for exemption under the Investment Company Act of 1940 by iDirect Private Markets Fund and affiliates. It seeks permission to issue multiple classes of shares and impose various fees and charges, reflecting potential changes in investment fund operations and management practices.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice pertains to an application by investment companies requesting exemptions related to the issuance of multiple classes of shares and associated fees. This impacts business executives by highlighting regulatory changes that could affect investment strategies and shareholder fees.