Examples of External Manager in a sentence
Similarly, the maximum exposure to outstanding investments with no External Manager is also 20%.
Notwithstanding the preceding sentence, an individual who is an employee, officer, director, equityholder, partner, member, or trustee of an External Manager and who spends one-third or more of his or her time, during a calendar year, managing the securities or assets owned, controlled, invested, or held by the External Manager is not a Placement Agent.
Please describe any and all compensation3 of any kind provided, or agreed to be provided, to the Placement Agent or to a third party at the behest of the Placement Agent, in connection with the Placement Agent’s work for the External Manager on the Proposed Investment or as a result of LACERA investing in the Proposed Investment.
Any External Manager or Placement Agent that violates the Policy shall not solicit new investments from LACERA for five years after the violation was committed.
A written copy of any and all agreements between the External Manager and the Placement Agent.