HOUSE_OVERSIGHT_024082.jpg
2.99 MB
Extraction Summary
3
People
2
Organizations
0
Locations
1
Events
2
Relationships
4
Quotes
Document Information
Type:
Legal/financial document (likely a private placement memorandum or offering memorandum)
File Size:
2.99 MB
Summary
This is page 71 of a confidential financial memorandum (Control Number 257), likely a Private Placement Memorandum for an investment fund. It details regulatory compliance strategies following the Dodd-Frank Act of 2011, specifically noting that the General Partner and Management Company intend to rely on the 'venture capital fund exemption' to avoid registering as investment advisers with the SEC. It also includes standard legal disclaimers regarding 'forward-looking statements,' warning investors that projections are not guarantees of future performance. The document bears a House Oversight Committee Bates stamp, indicating it was part of a congressional investigation.
People (3)
| Name | Role | Context |
|---|---|---|
| General Partner | Fund Manager/Administrator |
Unspecified entity or individual responsible for managing the fund and making investment decisions.
|
| Management Company | Administrative Entity |
Entity responsible for the operational management of the fund.
|
| Investors | Participants |
Individuals or entities providing capital to the Fund.
|
Organizations (2)
| Name | Type | Context |
|---|---|---|
| U.S. Securities and Exchange Commission |
Regulatory body mentioned regarding registration exemptions.
|
|
| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT' at the bottom right, indicating this document was part of a congressiona...
|
Timeline (1 events)
June 22, 2011
SEC adopted final rules implementing new exemptions from the registration requirements of the Investment Advisers Act of 1940.
United States
SEC
Relationships (2)
Both entities are discussed jointly regarding SEC registration and reliance on exemptions.
General Partner makes decisions regarding the Fund's investments and compliance.
Key Quotes (4)
"Neither the General Partner nor the Management Company is currently expected to register as an investment adviser with the SEC in reliance on the venture capital fund exemption."Source
HOUSE_OVERSIGHT_024082.jpg
Quote #1
"Registration under, and compliance with, the Advisers Act could be costly and could divert attention of the Fund's management team."Source
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Quote #2
"Certain information contained in this Memorandum constitutes 'forward-looking statements,' which can be identified by the use of forward-looking terminology such as 'may,' 'will,' 'should,' 'expect,' 'anticipate,' 'project,' 'estimate,' 'intend,' 'continue,' or 'believe,'"Source
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Quote #3
"The Fund, the General Partner and their affiliates expressly disclaim any obligation or undertaking to disseminate any updates"Source
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Quote #4
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