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.
MODERATED-Part 2 of 2 - In this presentation, I will discuss strategies for cross-examining expert w...
MODERATED-This CLE will cover the critical ethics issues involving multijurisdictional practice and ...
We are at that time again. Resolution time. Or maybe they’re already nothing more than another...
This companion program to Part 1 goes deeper into the rhetorical power of Shakespeare, emphasizing h...
This program focuses on overcoming the inner critic—the perfectionist, self?doubting voice tha...
Part 2 of 2 - Lawyers at all levels of experience and even sophisticated law firms and general couns...
In today’s fast-evolving digital landscape, data privacy is no longer just a compliance checkb...
Evidence Demystified Part 2 covers key concepts in the law of evidence, focusing on witnesses, credi...
This comprehensive program synthesizes theatrical technique, psychology, communication theory, and t...
Join Steve Herman on December 8, 2025, for "Maintaining Ethical Standards: Essential Strategies for ...