💼SEC Notice on Lord Abbett Private Credit Fund Exemption Application
Lord Abbett Private Credit Fund, et al.
Summary
The SEC issues a notice regarding an application by Lord Abbett Private Credit Fund for an exemption under the Investment Company Act, allowing the issuance of multiple share classes with diverse fees. This move aims to enhance operational flexibility for investment companies regulated as business development companies. Interested parties can request a hearing or further information through specified channels.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC's notice indicates that certain closed-end investment companies may issue multiple classes of shares with varied fees, affecting investment flexibility and potential for diversified funding sources for businesses. Business owners in the financial sector need to consider the implications of this regulatory change on compliance and investment strategies.