Private Funds definition
Examples of Private Funds in a sentence
The parties hereto acknowledge and agree that the consummation of the Transaction shall constitute an assignment of the Advisory Contracts for the Private Funds under the Investment Advisers Act.
All ownership interests of the Private Funds that have been and are being offered for sale have been exempt from registration under the Securities Act and are exempt from registration or qualification under the securities laws of each state or other jurisdiction in which such shares or other ownership interests have been or are being offered for sale.
As to each Private Fund, there has been in full force and effect an Advisory Contract at all times that any Group Company was performing Investment Management Services for such Private Fund, and each such Advisory Contract pursuant to which such Group Company has received compensation respecting its activities in connection with any of the Private Funds was duly approved in accordance with all Laws.
Each of the Group Companies and each Private Fund has timely filed all documents that it was required to file with any Authority and has paid all fees and assessments due and payable in connection therewith, and all authorizations, licenses, consents, and approvals required by all Laws have been obtained in relation to the Private Funds.
Other than the Private Funds listed in Company Schedule 3.35(b), no Group Company has established, managed, advised, or provided any other services (including but not limited to Investment Management Services) to any other fund.