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Tag: 3(c)5

Analysis of a 3(c)5 Fund

Doug Cornelius November 6, 2017December 8, 2017 Private Investment Funds   [+]

Dodd-Frank created a new legal definition for a “private fund” as pooled investment vehicles that are excluded from the definition of “investment company” under the Investment Company Act of 1940 by section 3(c)(1) or 3(c)(7) of that Act. Under 3(c)(1), the main limitations are that you have one hundred or fewer holders of beneficial interest … Read more »

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