Private Investments definition

Private Investments means, collectively, (i) private equity investments, including investments in partnership and limited liability companies (excluding Hedge Fund Investments), acquired by a Series and physically delivered to BNY Mellon, a Subcustodian or a Depository, as applicable, by the Series from time to time during the term of, and pursuant to the terms of, this Agreement; (ii) all dividends in kind (e.g., non-cash dividends) from the investments described in clause (i); and (iii) loans or loan commitments originated by or otherwise obtained by a Series and delivered to BNY Mellon, Subcustodian or Depository, as applicable, by the Series from time to time during the term of, and pursuant to the terms of, this Agreement.

Private Investments means, collectively, (i) private equity investments, including investments in partnership and limited liability companies (excluding Hedge Fund Investments), acquired by the Customer and physically delivered to BNY Mellon, a Subcustodian or Depository, as applicable, by the Customer from time to time during the term of, and pursuant to the terms of, the Agreement; (ii) all dividends in kind (e.g., non-cash dividends) from the investments described in clause (i); and (iii) loans or loan commitments originated by or otherwise obtained by the Customer and delivered to BNY Mellon, a Subcustodian or a Depository, as applicable, by the Customer from time to time during the term of, and pursuant to the terms of, the Agreement.

Private Investments means any investment in an instrument which is not traded “over-the-counter” or on a formal exchange. Supervised Persons having any questions as to whether an investment is considered a Private Investment should consult with the CCO.

Examples of Private Investments in a sentence

• This includes Private Investments (e.g. Limited Offering or Private Placement) and all Covered Securities not held at a broker/dealer.

• An Access Person wishing to request pre-approval of private investments must complete an electronic Private Investments Approval Request Form within the SunGard PTA system.

• Employees are required to pre-clear all transactions in Private Investments through the Firm’s Compliance System.

• Private Investments include investments in privately held corporations, limited partnerships, tax shelter programs, hedge funds and holding companies (e.g., LLC, LP, S-Corp, C-Corp, etc.).

• As a Covered Person, you must also certify that you have read, understand and agree to abide by the terms of the Code, including but not limited to, the disclosure of Outside Accounts, Outside activities and Private Investments that are required to be logged in the Outside Business Interest system within 30 calendar and the transfer or closure of the account within 60 days of hire.

• Please note that Private Investments or Outside Business Activities related to cryptocurrency exchanges or other related ventures are generally not permitted (please see the Global Employee Trading, Investing and Outside Business Activities Policy).

• This includes Limited Offerings, or Private Placements or Private Investments and all Covered Securities not held at a broker/dealer.

• Consultants and other temporary workers who fall under the definition of a Covered Person by virtue of their duties and responsibilities with MSIM must adhere to the following: • Initial, quarterly and annual reporting; • Provision of duplicate account statements to Compliance for transactions in any Covered Security; • Prohibition against participating in any IPOs; • Prohibition against participation in Investment Clubs; • Pre-clearance of Outside Business Activities and Private Investments.

• Compliance will send an email to all new Adviser Access Persons with the Private Investments Disclosure Form, which they must complete.

• Quarterly Transaction Certification All Access Persons and Investment Persons must submit transaction information within 30 days after the end of a calendar quarter, with respect to any transaction in Securities Accounts, including activity in Affiliated Open-End Mutual Funds and Private Investments.

More Definitions of Private Investments

Private Investments means investments carried out directly or indirectly by a Covered Member in certificated and uncertificated securities, such as shares, participation certificates, dividend rights certificates, bonds issued by a company regardless whether they are listed or not on a stock exchange, partnership interests and derivative financial instruments. Investments in collective investment schemes, including mutual funds and exchange traded funds, as well as investments carried out by pension funds and other occupational benefits schemes available to Covered Members shall not constitute Private Investments.

Private Investments means investments in AQR hedge funds, other hedge funds, private equity funds, venture capital funds, real estate funds, or companies, including by way of privately placed securities, whose securities are not listed on a public securities exchange, but excludes investments in mutual funds and exchange traded funds.

Private Investments means, collectively, (i) private equity investments, including investments in partnership and limited liability companies (excluding Hedge Fund Investments), acquired by a Series and physically delivered to BNY Mellon, a Subcustodian or a Depository, as applicable, by the Series from time to time during the term of, and pursuant to the terms of, this Agreement;

Private Investments means, collectively, (i) private equity investments, including investments in partnership and limited liability companies (excluding Hedge Fund Investments), acquired by the Customer and physically delivered to BNY Mellon, a Subcustodian or Depository, as applicable, by the Customer from time to time during the term of, and pursuant to the terms of, the Agreement; (ii) all dividends in kind (e.g., non-cash dividends) from the investments described in clause (i); and (iii) any asset that is a direct or participation or subparticipation interest in or assignment or novation of a loan or other extension of credit including, but not limited to, bank loans or interests in bank loans, that is not a “security” as defined in Section 8-102 of the UCC, originated by or otherwise obtained by the Customer and delivered to BNY Mellon, a Subcustodian or a Depository, as applicable, by the Customer from time to time during the term of, and pursuant to the terms of, the Agreement.