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.
The direct examination presentation outlines how attorneys can elicit truthful, credible testimony w...
This program examines critical 2025-2026 developments in patent eligibility for software and AI inve...
Boundaries and Burnout: The Hidden Crisis in Law is a 60-minute California MCLE Competence Credit pr...
Part 2 - This program will continue the discussion from Part 1 focusing specifically on cross?examin...
This advanced CLE dives into complex GAAP topics relevant to attorneys advising corporate, regulator...
Artificial intelligence is already reshaping legal practice, from research and drafting to litigatio...
Contracting with the Federal Government is not like a business deal between two companies or a contr...
In an era of heightening geopolitical tension, the protection of sensitive personal data has moved f...
This program explores listening as a foundational yet under-taught lawyering skill that directly imp...
Large World Models (LWMs)— the next generation of AI systems capable of generating...