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 CLE program covers the most recent changes affecting IRS information reporting, with emphasis o...
The value of diversity has been researched extensively for its impact on various industries, includi...
This presentation explores courtroom staging—how movement, spatial awareness, posture, and pre...
Part 1 of 2 - Lawyers at all levels of experience and even sophisticated law firms and general couns...
This attorney-focused program reviews upcoming Nacha rule changes for 2026 with emphasis on legal ob...
This course breaks down GAAP’s ten foundational principles and explores their compliance impli...
This presentation examines how “sense memory,” a core acting technique, can help lawyers...
Part II builds on the foundation established in Part I by examining how classical rhetorical styles ...
Part I introduces the foundational principles of cross?examination, explaining how lawyers must meth...
Part 1 - This program focuses specifically on cross?examining expert witnesses, whose credentials an...