Notice of Application for Exemption for AMG BBH Asset-Backed Credit Fund and Brown Brothers Harriman
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice alerts readers to an application requesting exemptions for certain closed-end investment companies to issue different classes of shares, charge asset-based distribution or service fees, and apply early withdrawal charges. If approved, funds like AMG BBH and Brown Brothers Harriman could alter fee structures, which would affect investors and fund managers. Stakeholders have until May 5, 2026, to request a hearing on this application.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Exemption to issue multiple classes of shares
- Permission to impose asset-based distribution and service fees
- Allowance for early withdrawal charges
Obligations
What this law requires
Interested persons must request a hearing on the exemption application by emailing the SEC's Secretary at Secretarys-Office@sec.gov with the file number (812-15996) included, and serve a copy of the request on the Applicants by the deadline of 5:30 p.m. Eastern time on May 5, 2026
Hearing requests must be accompanied by proof of service on the Applicants in the form of an affidavit or, for lawyers, a certificate of service
Hearing requests must state the nature of the writer's interest, any facts bearing upon the desirability of a hearing, the reason for the request, and the issues contested, pursuant to rule 0-5 under the Investment Company Act
AMG BBH Asset-Backed Credit Fund, LLC and Brown Brothers Harriman Credit Partners, LLC must comply with conditions and restrictions if the SEC approves their exemption request for issuing multiple classes of shares and imposing asset-based distribution/service fees and early withdrawal charges
The SEC must issue an order granting or denying the requested relief unless a hearing is ordered by the Commission