Investor disclosures for venture capital schemes require comprehensive placement memoranda, annual NAV and portfolio reporting, and prompt material updates. Venture Capital Scheme placement memoranda must disclose investment objectives, targeted investors, corpus, strategy, methodology, tenure, fees, expenses, ... Summary
Investor disclosures for venture capital schemes require comprehensive placement memoranda, annual NAV and portfolio reporting, and prompt material updates.
Venture Capital Scheme placement memoranda must disclose investment objectives, targeted investors, corpus, strategy, methodology, tenure, fees, expenses, risk-management practices, and relevant FME and scheme details. The FME must provide annual Net Asset Value and portfolio disclosures from the financial year investment activities commence, subject to the specified exclusion for certain investments. Portfolio disclosure is due within one month after each financial year ends. Material information identified by the FME or fiduciaries must be communicated immediately.
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