90 FR 37 pg. 10739 - iDirect Private Markets Fund, et al.
Type: NOTICEVolume: 90Number: 37Page: 10739
Page: 10739Docket number: [Investment Company Act Release No. 35474; File No. 812-15587]
FR document: [FR Doc. 2025-03122 Filed 2-25-25; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version: PDF Version
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35474; File No. 812-15587]
iDirect Private Markets Fund, et al.
February 21, 2025.
AGENCY:
Securities and Exchange Commission ("Commission" or "SEC").
ACTION:
Notice.
Notice of an application under section 6(c) of the Investment Company Act of 1940 (the "Act") for an exemption from sections 18(a)(2), 18(c), and 18(i), under sections 6(c) and 23(c) of the Act for an exemption from rule 23c-3 under the Act, and for an order pursuant to section 17(d) of the Act and rule 17d-1 under the Act.
Summary of Application:
Applicants request an order to permit certain registered closed-end investment companies to issue multiple classes of shares and to impose asset-based distribution and/or service fees and early withdrawal charges.
Applicants:
iDirect Private Markets Fund, iCapital Registered Fund Adviser LLC, and iCapital Markets LLC.
Filing Date:
The application was filed on June 11, 2024, and amended on October 2, 2024.
Hearing or Notification of Hearing:
An order granting the requested relief will be issued unless the Commission orders a hearing. Interested persons may request a hearing on any application by emailing the SEC's Secretary at Secretarys-Office@sec.gov and serving the Applicants with a copy of the request by email, if an email address is listed for the relevant Applicant below, or personally or by mail, if a physical address is listed for the relevant Applicant below. Hearing requests should be received by the Commission by 5:30 p.m. on March 13, 2025, and should be accompanied by proof of service on Applicants, in the form of an affidavit or, for lawyers, a certificate of service. Pursuant to rule 0-5 under the Act, hearing requests should state the nature of the writer's interest, any facts bearing upon the desirability of a hearing on the matter, the reason for the request, and the issues contested. Persons who wish to be notified of a hearing may request notification by emailing the Commission's Secretary.
ADDRESSES:
The Commission: Secretarys-Office@sec.gov. The Applicants: Stephen Jacobs, General Counsel, sjacobs@icapitalnetwork.com; Richard Horowitz, Esq., richard.horowitz@dechert.com; and Alexander Karampatsos, Esq., alexander.karampatsos@dechert.com.
FOR FURTHER INFORMATION CONTACT:
Stephan N. Packs, Senior Counsel, or Terri G. Jordan, Branch Chief, at (202) 551-6825 (Division of Investment Management, Chief Counsel's Office).
SUPPLEMENTARY INFORMATION:
For Applicants' representations, legal analysis, and conditions, please refer to Applicants' First Amended and Restated Application, dated October 2, 2024, which may be obtained via the Commission's website by searching for the file number at the top of this document, or for an Applicant using the Company name search field, on the SEC's EDGAR system. The SEC's EDGAR system may be searched at https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html. You may also call the SEC's Office of Investor Education and Advocacy at (202) 551-8090.
For the Commission, by the Division of Investment Management, under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-03122 Filed 2-25-25; 8:45 am]
BILLING CODE 8011-01-P