Strictly Business
A legal blog on private funds, startups, and venture capital.
Strictly Business
A legal blog on private funds, startups, and venture capital.
Tag Investment Company Act
The Different Meanings of the Word “Registration” for Private Funds
Even if a private fund adviser is exempt from registration as an investment adviser, it may be subject to other federal and securities laws. This post summarizes the relevant legal issues.
3(c)(1) Funds vs. 3(c)(7) Funds
3(c)(1) and 3(c)(7) refer to two different exemptions from the requirements imposed on “investment companies” under the Investment Company Act of 1940. In this post, we explain what you need to know.