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2.73 MB
Extraction Summary
3
People
2
Organizations
0
Locations
0
Events
2
Relationships
3
Quotes
Document Information
Type:
Financial disclosure / private placement memorandum (risk factors)
File Size:
2.73 MB
Summary
This document is page 62 of a confidential offering memorandum (likely a Private Placement Memorandum) for a fund identified as 'NLV-III'. It outlines significant risk factors for potential investors, including the illiquidity of investments, the lack of operating history for the newly formed Fund and General Partner, the lack of assurance regarding profits or distributions, and the highly competitive nature of venture capital investments. The document bears a House Oversight Committee stamp, indicating it is part of a congressional investigation.
People (3)
| Name | Role | Context |
|---|---|---|
| General Partner | Fund Manager |
Entity managing the fund, noted as a newly formed entity with no operating history.
|
| Fund Managers | Investment Managers |
Mentioned regarding their prior performance not being indicative of future results.
|
| Limited Partners | Investors |
Investors who may not receive distributions and could lose their entire capital.
|
Relationships (2)
General Partner manages the Fund and receives carried interest.
Limited Partners contribute capital and rely on the Fund for returns.
Key Quotes (3)
"The Fund and the General Partner are newly formed entities, and, accordingly have no operating history or investments upon which investors can evaluate the potential performance of the Fund."Source
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Quote #1
"Any given investment made by the Fund may prove to be worthless, and there is a risk that investors could lose money."Source
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Quote #2
"The business of identifying, structuring and implementing venture capital investments, along with other investments within the strategy of NLV-III is highly competitive."Source
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Quote #3
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