Private placement required for migrated venture capital funds to receive subscription monies through units only. A migrated fund that qualifies as an alternative investment vehicle is constrained in its fundraising mechanism: migrated venture capital fund monies may be accepted only by way of private placement of its units. The provision establishes a statutory limitation on subscription routes, restricting all investor receipts for investment purposes to private placement offers of units and precluding public offers or alternative subscription mechanisms.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Private placement required for migrated venture capital funds to receive subscription monies through units only.
A migrated fund that qualifies as an alternative investment vehicle is constrained in its fundraising mechanism: migrated venture capital fund monies may be accepted only by way of private placement of its units. The provision establishes a statutory limitation on subscription routes, restricting all investor receipts for investment purposes to private placement offers of units and precluding public offers or alternative subscription mechanisms.
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