The alternative investment manager has requested SEC approval for exchange-listed and tokenized share classes across three of its GP stakes and broader private markets funds.
MMM Securities can now hold fund positions in omnibus accounts on behalf of other broker-dealers, streamlining access to semi-liquid investments.
The SEC application follows similar relief granted to ARK Venture Fund last month and could give investors additional liquidity outside scheduled repurchase offers.
The package would expand performance fees, update interval fund rules, and simplify multi-class structures, while reviewing accredited investor eligibility.
The non-binding statement focuses on private credit and private fund valuations, including how secondary market data may inform NAV assessments.
ARK has outlined plans to list Class X shares on the Texas Stock Exchange under ARKV and offer a separate tokenized class, providing investors with additional liquidity options.
