West Virginia 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.

West Virginia Subscription Agreement — A Section 3C1 Fund is a legal document that outlines the terms and conditions of an investment in a private investment fund operating under Section 3(c)(1) of the Investment Company Act of 1940. This agreement governs the relationship between the fund manager and the investor(s). It is important to note that there may be various types of West Virginia Subscription Agreements — A Section 3C1 Fund, each catering to specific investment strategies and objectives. These types may include: 1. West Virginia Subscription Agreement — A Section 3C1 Hedge Fund: This type of subscription agreement pertains to hedge funds operating under Section 3(c)(1) of the Investment Company Act of 1940 in West Virginia. Hedge funds often employ diverse investment strategies, including long/short equity, global macro, event-driven, or quantitative trading, among others. 2. West Virginia Subscription Agreement — A Section 3C1 Private Equity Fund: This type of subscription agreement applies to private equity funds that operate under Section 3(c)(1) of the Investment Company Act of 1940 in West Virginia. Private equity funds typically invest in privately held companies, aiming for long-term capital appreciation through operational improvements, strategic acquisitions, and other methods. 3. West Virginia Subscription Agreement — A Section 3C1 Venture Capital Fund: This type of subscription agreement pertains to venture capital funds operating under Section 3(c)(1) of the Investment Company Act of 1940 in West Virginia. These funds specialize in early-stage or growth-stage investments in startups and high-potential businesses, seeking significant returns on investment through strategic guidance and capital infusion. 4. West Virginia Subscription Agreement — A Section 3C1 Real Estate Fund: This type of subscription agreement applies to real estate funds operating under Section 3(c)(1) of the Investment Company Act of 1940 in West Virginia. Real estate funds invest primarily in properties, such as residential, commercial, industrial, or mixed-use buildings, with the goal of generating rental income and capital appreciation from property value growth. Regardless of the specific type, a West Virginia Subscription Agreement — A Section 3C1 Fund typically covers essential aspects such as fund objectives, investment strategy, subscription process, investor qualifications, lock-up periods, redemption terms, fees and expenses, management and performance allocations, regulatory disclosures, and dispute resolution mechanisms. It is crucial for prospective investors to carefully review and understand all terms before committing their capital to the fund.

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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) ...

A qualified purchaser is an individual or entity that can invest in securities or investment products, like venture capital funds or private funds, because they meet specific sophistication thresholds set by the Investment Company Act of 1940.

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.

Their net worth must be over $5 million as an individual or $25 million as a group to qualify for this status. Just like with accredited investors, a trust fund investment of the same amount can also potentially validate investors as qualified purchasers.

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) ...

A qualified purchaser is defined as an investor who owns at least $5 million of investments or who invests an aggregate of at least $25 million on a discretionary basis for other qualified purchasers.

Private funds must not plan to issue an IPO and their investors must be qualified purchases to qualify for the 3C7 exemption. There is no maximum limit for the number of purchasers of 3C7 funds. In contrast to 3C7, 3C1 funds deal with no more than 100 accredited investors.

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).

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Is the Subscriber an Investment Company Investor (as defined in Section III)? If the answer to the above is “yes,” please contact the Fund. ☐ Yes ☐ No. 9. (A) ... ... file it with the SEC as an exempt reporting adviser). 3(c)(5) funds constitute ... A private fund adviser with a place of business in the state of West Virginia ...3C1 funds are privately traded funds that are exempt from SEC registration through the Investment Company Act of 1940. ... the Fund, all sections, paragraphs and appendices of this Subscription Agreement and the ... o. Please complete the investor information on page 1 of this ... ... West Street, Suite 1200. Wilmington, DE 19801. Tel: 302.295.3805. Fax: 302.295 ... Section 17(a)(2) of the Securities Act when a fund, which had disclosed that ... A registration or notice filing statement filed under this chapter registering or noticing investment company shares shall cover only one class, series or ... Oct 23, 2017 — The work requirements in Section 14.2 are waived ... West Virginia entered into an agreement with the FFM whereby the Department will accept as. contemplated to be a forfeiture as the same is used in article twelve, section five of the West Virginia Constitution and to ... The fund shall be administered by ... purchasers to invest in a Section 3(c)(7) fund. The determination of ... the subscription agreement and such policy must also be given out on an annual basis. View §32-3-304 in new website. CHAPTER 32. UNIFORM SECURITIES ACT. ARTICLE 3. REGISTRATION OF SECURITIES. §32-3-304. Registration by qualification.

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West Virginia Subscription Agreement - A Section 3C1 Fund