Federal Register #Investment Company Act Release No. 36143, 812-16013

SEC Notice: Application for Exemption to Issue Multiple Share Classes by Adams Street Advisors, LLC

This notice from the Securities and Exchange Commission (SEC) concerns a regulatory exemption application, not a procurement of goods or services. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors Mentioned: - Adams Street Advisors, LLC - Adams Street Credit Solutions Fund - Products/Services Requested: - No products or services are being procured; the notice is for regulatory relief - Unique or Notable Requirements: - Application seeks exemption under section 6(c) of the Investment Company Act of 1940 - Exemption would allow certain closed-end investment companies, regulated as business development companies, to issue multiple classes of shares with different sales loads and asset-based distribution/service fees - Notice invites public comment or requests for a hearing - No purchase quantities, part numbers, or technical product requirements are specified - Focus is on regulatory approval, not acquisition of goods or services

Description

This notice announces an application filed by Adams Street Advisors, LLC and Adams Street Credit Solutions Fund requesting an order to permit certain closed-end investment companies regulated as business development companies to issue multiple classes of shares with varying sales loads and asset-based distribution and/or service fees. The application was filed on April 1, 2026. Interested persons may request a hearing or submit comments regarding the application by June 1, 2026.

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