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AMG BBH Asset-Backed Credit Fund and Brown Brothers Harriman Credit Partners LLC - Investment Company Act Exemption Application

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Summary

SEC published notice of 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. The applicants request permission to issue multiple classes of shares and impose asset-based distribution/service fees and early withdrawal charges on registered closed-end investment companies. Hearing requests must be received by May 5, 2026.

What changed

AMG BBH Asset-Backed Credit Fund, LLC and Brown Brothers Harriman Credit Partners, LLC filed an application with the SEC seeking an order under section 6(c) of the Investment Company Act for exemptions from sections 18(a)(2), 18(c), and 18(i), and from rule 23c-3, as well as relief under section 17(d) and rule 17d-1. The application specifically requests authorization to issue multiple share classes and to impose asset-based distribution and service fees along with early withdrawal charges.

Affected parties include registered closed-end investment companies and their investors. Any interested person wishing to oppose the requested exemptions must submit a hearing request to the SEC Secretary by 5:30 p.m. Eastern time on May 5, 2026. The application may be reviewed on SEC EDGAR using file number 812-15996.

What to do next

  1. Monitor for SEC order granting or denying exemption application
  2. Submit hearing request by May 5, 2026 if wishing to contest the application
  3. Contact SEC Division of Investment Management at (202) 551-6825 for further information

Archived snapshot

Apr 14, 2026

GovPing 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.

Notice

AMG BBH Asset-Backed Credit Fund, LLC and Brown Brothers Harriman Credit Partners, LLC

A Notice by the Securities and Exchange Commission on 04/14/2026

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  • Public Inspection Published Document: 2026-07189 (91 FR 19246) Document Headings ###### Securities and Exchange Commission
  1. [Investment Company Act Release No. 36080; 812-15996] April 10, 2026. # AGENCY:

Securities and Exchange Commission (“Commission” or “SEC”).

ACTION:

Notice.

( printed page 19247) 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

Published Document: 2026-07189 (91 FR 19246)

Named provisions

Section 6(c) exemption Section 17(d) relief Rule 17d-1 Rule 23c-3 Section 18(a)(2) Section 18(c) Section 18(i) Section 23(c)

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Last updated

Classification

Agency
Securities and Exchange Commission
Published
April 14th, 2026
Compliance deadline
May 5th, 2026 (20 days)
Instrument
Notice
Legal weight
Non-binding
Stage
Final
Change scope
Minor
Document ID
91 FR 19246 / Investment Company Act Release No. 36080
Docket
Investment Company Act Release No. 36080 812-15996

Who this affects

Applies to
Investment companies Fund managers Investors
Industry sector
5239 Asset Management
Activity scope
Exemption applications Closed-end fund operations Share class issuance
Geographic scope
United States US

Taxonomy

Primary area
Securities
Operational domain
Legal
Compliance frameworks
Dodd-Frank
Topics
Financial Services Corporate Governance

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