Private Funds Section 3(c)(1)

The term “3(c)(1)” refers to a section of the Investment Company Act of 1940 that provides exemptions for certain private investment companies from specific SEC regulations and reporting requirements. To qualify, these private funds must meet defined criteria, including having no more than 100 investors and no plans for an initial public offering (IPO). This exemption allows eligible private funds to operate with reduced regulatory oversight while still adhering to core SEC requirements, offering flexibility for managing private investments.