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The Daily Read on Semi-Liquid Funds
Thursday, October 1, 2026The Morning Brief →Sign in
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Brian Daly

In PWD coverage since September 29, 2026 · 6 stories
PWD coverage
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SEC proposes 20% performance fees for RIAs and a wider accredited-investor test

The package also adds CPA and CFA licenses to the accredited-investor pathways and loosens interval-fund redemptions, with 60 days of public comment on each.
portfolio · Sep 30SEC proposes up to 20% RIA performance fees and looser interval-fund redemptions
distribution · Sep 30SEC proposes 20% performance-based fee for advisers and looser interval fund redemptions
The Close · Sep 30SEC proposes letting advisers charge up to 20% performance fees on private funds
direct_lending · Sep 30Bank of England warns private credit vulnerable as financing conditions tighten
direct_lending · Sep 29SEC restates private credit valuation rules as registered-fund holdings reach $270bn
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