25 Mar 2025
📈SEC Notice for Exemption on Issuing Multiple Share Classes
North Haven Private Income Fund LLC, et al.
Summary
The SEC has issued a notice regarding an application from North Haven Private Income Fund LLC and others for an exemption under the Investment Company Act of 1940. This exemption would allow investment companies to issue various classes of shares with differing sales loads and fees, potentially altering the structure of financial services within the business development sector.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice pertains to an application for an exemption that allows certain investment companies to issue multiple share classes and varied fees, impacting business development companies' operational models and financial structures.