Notice2025-08717
The Advisors' Inner Circle Fund III and FS Fund Advisor, LLC
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 16, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 94 (Friday, May 16, 2025)</title>
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[Federal Register Volume 90, Number 94 (Friday, May 16, 2025)]
[Notices]
[Page 21100]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-08717]
[[Page 21100]]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35581; 812-15777]
The Advisors' Inner Circle Fund III and FS Fund Advisor, LLC
May 12, 2025.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
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Notice of an application under Section 6(c) of the Investment
Company Act of 1940 (``Act'') for an exemption from Section 15(c) of
the Act.
Summary of Application: The requested exemption would permit a Trust's
board of trustees to approve new sub-advisory agreements and material
amendments to existing sub-advisory agreements without complying with
the in-person meeting requirement of Section 15(c) of the Act.
Applicants: The Advisors' Inner Circle Fund III and FS Fund Advisor,
LLC.
Filing Date: The application was filed on May 2, 2025.
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 <a href="/cdn-cgi/l/email-protection#5300363021362732212a207e1c35353a3036132036307d343c25"><span class="__cf_email__" data-cfemail="1c4f797f6e79687d6e656f31537a7a757f795c6f797f327b736a">[email protected]</span></a> 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 June 6,
2025, 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: <a href="/cdn-cgi/l/email-protection#e2b1878190879683909b91cfad84848b8187a2918781cc858d94"><span class="__cf_email__" data-cfemail="7e2d1b1d0c1b0a1f0c070d53311818171d1b3e0d1b1d50191108">[email protected]</span></a>. Applicants: David
W. Freese, Esq., Morgan, Lewis & Bockius LLP, 2222 Market Street,
Philadelphia, Pennsylvania 19103, with copies to Michael Beattie, c/o
SEI Investments, One Freedom Valley Drive, Oaks, Pennsylvania 19456,
and Michael C. Forman, FS Fund Advisor, LLC, 201 Rouse Boulevard,
Philadelphia, PA 19112.
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 May 2, 2025, 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 <a href="https://www.sec.gov/edgar/searchedgar/companysearch">https://www.sec.gov/edgar/searchedgar/companysearch</a>. 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. 2025-08717 Filed 5-15-25; 8:45 am]
BILLING CODE P
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