What is a 3(c)(1) Fund?

By: Daniel A. PerryA private equity fund known as a 3(c)(1) Fund refers to the Investment Company Act of 1940, specifically Section 3(c)(1). This section is regarding the allowance of private funds avoiding requirements for the Securities and Exchange Commission (“SEC”). Section 3(c)(1) of the Investment Company Act provides:(c) none of the following persons is […]