AMG BBH Asset-Backed Credit Fund LLC Section 6(c) Exemption Application
Summary
The SEC published notice of an application by AMG BBH Asset-Backed Credit Fund, LLC and Brown Brothers Harriman Credit Partners, LLC seeking exemptions under sections 6(c), 17(d), and 23(c) of the Investment Company Act of 1940 and related rules. The applicants request authorization to issue multiple classes of shares and impose asset-based distribution and/or service fees and early withdrawal charges. Hearing requests must be received by 5:30 p.m. Eastern time on May 5, 2026.
What changed
The SEC published a notice of application filed by AMG BBH Asset-Backed Credit Fund, LLC and Brown Brothers Harriman Credit Partners, LLC seeking an exemption order under section 6(c) of the Investment Company Act of 1940. The application requests permission for 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.\n\nAffected parties including registered investment companies, fund managers, and investors should monitor this proceeding. Interested persons may request a hearing by emailing the SEC Secretary at Secretarys-Office@sec.gov by May 5, 2026. The application does not create immediate compliance obligations but signals potential regulatory relief for funds seeking similar multi-class share structures.
What to do next
- Monitor for updates on the application status
Archived snapshot
Apr 15, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Content
April 10, 2026.
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) of the Act, 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:
AMG BBH Asset-Backed Credit Fund, LLC and Brown Brothers Harriman Credit Partners, LLC
Filing Date:
The application was filed on February 23, 2026.
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. The email should include the file
number referenced above. Hearing requests should be received by the Commission by 5:30 p.m., Eastern time, on May 5, 2026,
and should be accompanied by proof of service on the 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. Applicants: Nathan Somogie, Esq., Simpson Thacher & Bartlett LLP, nathan.somogie@stblaw.com with copy to Mark J. Duggan, AMG Funds LLC, mark.duggan@amg.com.
FOR FURTHER INFORMATION CONTACT:
Trace W. Rakestraw, Senior Special Counsel 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' application, dated February 23,
2026, 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/search-filings.
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. 2026-07189 Filed 4-13-26; 8:45 am] BILLING CODE 8011-01-P
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