8 Jul 2025
📈SEC Notice on Investment Company Act Exemption for Share Classes
Star Mountain Lower Middle-Market Capital Corp., and Star Mountain Fund Management, LLC
Summary
The SEC issued a notice regarding an application for exemption under the Investment Company Act, allowing specified investment companies to issue multiple share classes with different fees. The application was submitted by Star Mountain Lower Middle-Market Capital Corp. and Star Mountain Fund Management, LLC, and interested parties may request a hearing on the matter.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The text outlines a significant regulatory action allowing investment companies to issue multiple share classes, affecting capital structure and potential revenue models. This has direct financial implications for business owners and executives by altering investment strategies and lowering barriers to capital raising.