The Investment Company Act of 1940 potentially imposes significant regulatory burdens on investment funds. To avoid these constraints, most private equity, venture capital, and hedge funds rely on exemptions under either Section 3(c)(1) or Section 3(c)(7). However, a fund utilizing the Section 3(c)(1) exemption may eventually approach its investor limit (100 or 250, depending on the circumstances) while still seeking to accept new investors. Similarly, a Section 3(c)(7) fund may wish to admit investors who do not qualify as "qualified purchasers."
This program will provide an in-depth exploration of the Section 3(c)(1) and 3(c)(7) exemptions, how to count investors under such exemptions, and discuss how fund sponsors can establish parallel funds to accommodate different investor bases while maintaining regulatory compliance. The discussion will also cover key structuring considerations, potential legal pitfalls, and best practices for fund managers.
This program is designed for fund formation attorneys, as well as in-house counsel at asset managers and investment firms.
This program provides immigration attorneys with a structured and strategic approach to developing e...
Social media has become a critical marketing and customer engagement channel for legal firms, banks,...
This program provides attorneys with a comprehensive framework for incorporating psychosocial evalua...
In “Choosing the Right Business Entity,” I will walk through the issues that matter most...
This course analyzes federal contractor cyber security obligations under the Federal Acquisition Reg...
The Federal Tort Claims Act is the way that the federal government is sued for negligence. There are...
What are the left and rights limits, penalties, and best practices for export controls under Interna...
The “Preventing Access to U.S. Sensitive Personal Data and Government-Related Data by Countrie...
Many law firms now rely on AI?driven research, drafting, and workflow tools without fully understand...
This program introduces psychosocial evaluations as a valuable tool in civil litigation, particularl...