Kentucky Subscription Agreement - A Section 3C1 Fund

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US-PE-J1AM
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This is a sample private equity company form, a Subscription Agreement. Available in Word format.

A Kentucky Subscription Agreement is a legally binding document that governs the purchase of securities in a Section 3C1 Fund based in Kentucky, United States. This agreement is specifically designed for accredited investors who meet certain financial requirements and have a keen interest in investing in private funds. It outlines the terms and conditions associated with the purchase of limited partnership interests in the fund. The Kentucky Subscription Agreement for a Section 3C1 Fund encompasses several crucial elements. Firstly, it identifies the parties involved, including the fund manager and the investor. It also clearly states the number and type of limited partnership interests being purchased by the investor, along with the purchase price. This document outlines the payment terms, including any upfront fees or installments to be made. Moreover, the Kentucky Subscription Agreement emphasizes the representations and warranties made by the investor. These typically require the investor to certify their accredited investor status, affirm their understanding of the risks associated with investing in private funds, and acknowledge the potential liquidity of the investment. The agreement may also include provisions related to transfer restrictions and limitations on the investor's ability to assign or sell their limited partnership interests. Furthermore, the Kentucky Subscription Agreement includes provisions related to the fund's management and administration. It outlines the rights and responsibilities of the fund manager, including their authority to make investment decisions, manage the assets, and distribute profits to the investors. The agreement may also specify the investment objectives, strategies, and limitations of the fund, thereby providing clarity on the expected performance and risk profile. It's important to note that there may be different types or variations of Kentucky Subscription Agreements for Section 3C1 Funds, each tailored to meet specific investment requirements or strategies. For example, some funds may focus on a particular industry, such as technology or real estate, while others may have a broader investment mandate. Furthermore, the agreement terms may differ depending on the fund's structure, such as whether it is a limited liability company (LLC) or a limited partnership (LP). In summary, a Kentucky Subscription Agreement for a Section 3C1 Fund is a comprehensive legal document that outlines the terms, conditions, and obligations associated with investing in a private fund. It provides a framework for both the fund manager and the investor, ensuring clear communication and protection of their respective interests. By incorporating relevant keywords like "Kentucky Subscription Agreement," "Section 3C1 Fund," and "limited partnership interests," this description covers the main aspects of the topic.

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Rule 3c-5(a)(4)(i) includes an ?executive officer? or person serving in a similar capacity? within the definition of ?knowledgeable employee.? Executive officer is defined in Rule 3c-5(a)(3) as the ?president, any vice president in charge of a principal business unit, division or function (such as sales, administration ...

For instance, a qualified purchaser is often allowed to invest in funds that are exempt from the Securities and Exchange Commission (SEC) registration under both Sections 3(c)(1) and 3(c)(7) of the Investment Company Act, whereas an accredited investor would only be allowed to invest in a Section 3(c)(1) fund.

3C1 refers to a portion of the Investment Company Act of 1940 that allows private investment companies to be considered exceptions to certain regulations and reporting requirements stipulated by the Securities and Exchange Commission (SEC).

Section 3(c)(1) excepts from the definition of investment company any issuer whose outstanding securities (other than short-term paper) are beneficially owned by not more than one hundred persons and that is not making and does not at that time propose to make a public offering of such securities.

A 3(c)(1) fund is a pooled investment vehicle that is excluded from the definition of investment company in the Investment Company Act because it has no more than 100 beneficial owners (or, in the case of a qualifying venture capital fund, 250 beneficial owners) and otherwise meets criteria outlined in Section 3(c)(1) ...

3C7 funds, as noted, take investments from qualified purchasers, whereas 3C1 funds work with accredited investors. 4. Investors in 3C7 funds are held to a higher wealth measure than those in 3C1 funds, which can limit the investor pool that a fund is hoping to raise money from.

Subscription refers to the process of investors signing up and committing to invest in a financial instrument, before the actual closing of the purchase.

(3) is engaged or proposes to engage in the business of investing, reinvesting, owning, holding, or trading in securities, and owns or proposes to acquire investment securities having a value exceeding 40 per centum of the value of such issuer's total assets (exclusive of Government securities and cash items) on an ...

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Please complete this Subscription Agreement as follows:​​ ☐ Section I, Information to be provided by All Subscribers: You and your Financial Adviser, as ... Complete and sign the attached Subscription Agreement as follows: •. Execute the signature page to the Subscription Agreement (the “Agreement”).Review the form by looking through the description and using the Preview feature. Hit Buy Now if it is the document you want. Create your account and pay via ... Nov 14, 2007 — New qualified purchasers would buy interests in the master fund and new non–qualified purchasers enter the section 3c1 fund provided it has ... If the state does not require it to register, then it will not need to register with either the SEC or the state, nor will it need to file a truncated Form ADV. 3C1 funds are privately traded funds that are exempt from SEC registration through the Investment Company Act of 1940. Add the Subscription Agreement - A Section 3C1 Fund for editing. Click the New Document option above, then drag and drop the sample to the upload area, import ... The original criteria were written for states participating in the Section 223 CCBHC Demonstration. Since then, other funding sources for CCBHCs have emerged. 1. Introduction. This subscription agreement (“Subscription Agreement”) relates to the offering of limited partnership interests (the “Interests”) in RRJ ... Apr 2, 2022 — Title. Page. PART 1 – BACKGROUND, PURPOSE, AND APPLICABILITY. 1-1. Background. 1-1. Purpose and Applicability.

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Kentucky Subscription Agreement - A Section 3C1 Fund