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 must meet specific regulatory and reporting requirements stipulated by the SEC.

Middlesex Massachusetts Subscription Agreement - A Section 3C1 Fund

Name: Middlesex Massachusetts Subscription Agreement - A Section 3C1 Fund
Brand: US Legal Forms
Rating: 4.88 (362 reviews)

Category:

Contracts - Equity Funds

State:

Multi-State

County:

Middlesex

Control #:

US-PE-J1AM

Format:

Instant download

Description

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

How to fill out Middlesex Massachusetts Subscription Agreement - A Section 3C1 Fund?

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Meaning that if you want to file a 3(c)5 you're looking at allocating at least 55% of your portfolio directly to real estate. The remaining 45% is broken down even further into two more tiers. First, an additional 25% of the portfolio must be in real estate related interests.

As in the case of 3(c)(1) funds, knowledgeable employees (as defined above) are permitted to invest in a 3(c)(7) fund, whether or not they are qualified purchasers, without jeopardizing the exemption. Offshore funds too may exceed the 100-investor limitation if their U.S. investors are qualified purchasers.

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 must meet specific regulatory and reporting requirements stipulated by the SEC.

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.

An accredited investor is an easier threshold to reach, with a lower financial threshold that combines net assets with annual income. A qualified purchaser has a much higher financial threshold to meet based on the money they have invested.

Section 3(c)(1) of the Investment Company Act of 1940 provides an exemption from having to register as an investment company under the Act for a hedge fund whose securities are not publicly offered and are owned by not more than 100 persons.

A 3(c)(7) hedge fund is exempt under the Investment Company Act and must comply with two basic requirements: (1) the fund can have only qualified purchasers as investors and (2) the fund can have no more than 499 investors. These requirements are detailed below.

Both 3C1 and 3C7 funds are exempt from SEC registration requirements under the Investment Company Act of 1940, but the nature of the exemption is slightly different. Whereas the 3C1 exemption hinges on not exceeding 100 accredited investors, a 3C7 fund must maintain a total of 2,000 or fewer qualified purchasers.

Middlesex Massachusetts Subscription Agreement - A Section 3C1 Fund

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FAQ

What is a 3 C 5 fund?

Who can invest in a 3C7 fund?

Can a 3C1 fund invest in an 3C7 fund?

What is a 3C1 fund?

What are 3C1 and 3C7 funds?

What is the difference between an accredited investor and a qualified purchaser?

What are 3C1 funds?

How many investors are in a 3C7 fund?

What is 3C1 and 3C7?

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