Tennessee Subscription Agreement - A Section 3C1 Fund

• Category: Contracts - Equity Funds
• State: Multi-State
• Control #: US-PE-J1AM
• Format: Word; Rich Text

Description

This is a sample private equity company form, a Subscription Agreement. Available in Word format. A Tennessee Subscription Agreement — A Section 3C1 Fund is a legal document that outlines the terms and conditions for investors looking to participate in a fund that qualifies for the Section 3(c)(1) exemption under the Investment Company Act of 1940. This agreement is specific to the state of Tennessee and complies with the applicable laws and regulations. The Section 3(c)(1) exemption allows a fund to avoid registration with the Securities and Exchange Commission (SEC) if it meets certain requirements, including limiting the number of investors to no more than 100. This exemption is popular among private investment funds that want to avoid the extensive reporting and disclosure obligations associated with registered investment companies. The Tennessee Subscription Agreement — A Section 3C1 Fund typically includes the following key elements: 1. Parties: The agreement identifies the fund manager or general partner as the party offering the fund, and the investor(s) as the party subscribing to the fund. 2. Subscription Process: It outlines the process by which investors may subscribe to the fund, including the submission of a subscription application and the acceptance of such application by the fund. 3. Subscription Amount: This section specifies the amount of capital the investor intends to contribute to the fund, usually denoted in dollars. 4. Representations and Warranties: Both the fund and the investor make certain representations and warranties regarding their legal capacity, authority, and financial suitability to participate in the fund. This ensures compliance with regulations and protects both parties. 5. Terms and Conditions: This section covers various terms and conditions related to the fund, such as investment objectives, risks, fees, and expenses associated with the fund. It may also include provisions addressing transferability of interests, redemption policies, and voting rights. 6. Confidentiality and Non-Disclosure: The agreement may include provisions to maintain the confidentiality of fund-related information and restrict the investor from disclosing such information to third parties without consent. In Tennessee, there are various types of Subscription Agreement — A Section 3C1 Funds, each tailored to the specific investment strategy or asset class. Examples include: 1. Tennessee Real Estate Subscription Agreement — A Section 3C1 Fund: This agreement is designed for funds specializing in real estate investments within Tennessee, including residential, commercial, or industrial properties. 2. Tennessee Venture Capital Subscription Agreement — A Section 3C1 Fund: This agreement caters to venture capital funds operating in Tennessee, providing funding to early-stage startups and high-growth potential companies. 3. Tennessee Private Equity Subscription Agreement — A Section 3C1 Fund: This agreement targets private equity funds focused on acquiring or investing in Tennessee-based companies across various industries. 4. Tennessee Hedge Fund Subscription Agreement — A Section 3C1 Fund: This agreement is specific to hedge funds operating in Tennessee, which implement various investment strategies such as long-short equity, event-driven, or global macro. It's important to note that the specific terms and provisions of a Tennessee Subscription Agreement — A Section 3C1 Fund may vary depending on the fund manager, investment strategy, and legal counsel involved. Therefore, investors should carefully review the agreement and consult with their own advisors before committing to a fund.

A Tennessee Subscription Agreement — A Section 3C1 Fund is a legal document that outlines the terms and conditions for investors looking to participate in a fund that qualifies for the Section 3(c)(1) exemption under the Investment Company Act of 1940. This agreement is specific to the state of Tennessee and complies with the applicable laws and regulations. The Section 3(c)(1) exemption allows a fund to avoid registration with the Securities and Exchange Commission (SEC) if it meets certain requirements, including limiting the number of investors to no more than 100. This exemption is popular among private investment funds that want to avoid the extensive reporting and disclosure obligations associated with registered investment companies. The Tennessee Subscription Agreement — A Section 3C1 Fund typically includes the following key elements: 1. Parties: The agreement identifies the fund manager or general partner as the party offering the fund, and the investor(s) as the party subscribing to the fund. 2. Subscription Process: It outlines the process by which investors may subscribe to the fund, including the submission of a subscription application and the acceptance of such application by the fund. 3. Subscription Amount: This section specifies the amount of capital the investor intends to contribute to the fund, usually denoted in dollars. 4. Representations and Warranties: Both the fund and the investor make certain representations and warranties regarding their legal capacity, authority, and financial suitability to participate in the fund. This ensures compliance with regulations and protects both parties. 5. Terms and Conditions: This section covers various terms and conditions related to the fund, such as investment objectives, risks, fees, and expenses associated with the fund. It may also include provisions addressing transferability of interests, redemption policies, and voting rights. 6. Confidentiality and Non-Disclosure: The agreement may include provisions to maintain the confidentiality of fund-related information and restrict the investor from disclosing such information to third parties without consent. In Tennessee, there are various types of Subscription Agreement — A Section 3C1 Funds, each tailored to the specific investment strategy or asset class. Examples include: 1. Tennessee Real Estate Subscription Agreement — A Section 3C1 Fund: This agreement is designed for funds specializing in real estate investments within Tennessee, including residential, commercial, or industrial properties. 2. Tennessee Venture Capital Subscription Agreement — A Section 3C1 Fund: This agreement caters to venture capital funds operating in Tennessee, providing funding to early-stage startups and high-growth potential companies. 3. Tennessee Private Equity Subscription Agreement — A Section 3C1 Fund: This agreement targets private equity funds focused on acquiring or investing in Tennessee-based companies across various industries. 4. Tennessee Hedge Fund Subscription Agreement — A Section 3C1 Fund: This agreement is specific to hedge funds operating in Tennessee, which implement various investment strategies such as long-short equity, event-driven, or global macro. It's important to note that the specific terms and provisions of a Tennessee Subscription Agreement — A Section 3C1 Fund may vary depending on the fund manager, investment strategy, and legal counsel involved. Therefore, investors should carefully review the agreement and consult with their own advisors before committing to a fund.