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30 sie 2024 · Key Takeaways. 3C1 refers to a portion of the Investment Company Act of 1940 that exempts certain private investment companies from regulations. A firm that's defined as an investment company...
30 kwi 2024 · A private fund is a type of pooled investment vehicle (PIV) that does not have to register with the Securities and Exchange Commission (SEC) as an investment company because it meets the criteria for exemption under Section 3 (c) (1) or Section 3 (c) (7).
The two exclusions that venture capital funds and private equity funds most often rely upon are Section 3(c)(1) and Section 3(c)(7) of the Investment Company Act (funds relying on Section 3(c)(1) or 3(c)(7) are collectively referred to as “Excluded Investment Companies”).
21 lip 2023 · The 3(c)(1) exemption refers to a specific provision in the Investment Company Act of 1940, which permits an investment company to be exempt from registration with the SEC if it meets certain requirements. This exemption is vital for hedge fund managers as it exempts them from substantial regulatory compliance.
14 lip 2024 · In order to be exempt from registration under both the Section 3(c)(1) exemption and the Section 3(c)(7) exemption, a venture capital fund must not plan to or make a public offering of its securities.
31 maj 2018 · For years, in order to be exempt from the provisions of the Investment Company Act, private funds relied on one of two available exemptions: Section 3 (c) (1) that allowed only up to 100 "accredited investors" or Section 3 (c) (7) that allows for unlimited number of "qualified purchasers", which is a much higher standard than "accredited investo...
A 3(c)(1) hedge fund is exempt under the Investment Company Act provided that the fund is beneficially owned by not more than 100 investors and is not making a public offering of its securities. The actual text of Section 3(c)(1) provides:
