Secondary Investments definition

Secondary Investments means Investments by the Borrower or any of its Subsidiaries in the ordinary course of business not constituting Primary Investments or Acquisitions.
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Secondary Investments means secondary market purchases of existing investments in established investment funds but excluding any investments in collateralized loan obligations products and other securitization vehicles.
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Secondary Investments shall have the meaning specified in Section 3(c) hereof.
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Examples of Secondary Investments in a sentence

  • No Performance Fee will be payable in respect of any Investment of the Fund other than for Direct Investments and Secondary Investments.

  • The investment objective of the Company is to achieve long term capital growth for shareholder by investing principally in a globally diversified portfolio of Primary Investments and Secondary Investments.

  • The Valuation Procedures are applied to all of the Fund’s investments, which primarily consists of the following types of Private Equity Investment strategies: ● Secondary Investments refer to investments in existing Private Equity assets that are typically acquired in privately negotiated transactions.

  • The Performance Fee in respect of Secondary Investments shall be determined in the same manner, save that a rate of 10% is used.

  • Class T Shares and Class T-N Shares shall only be subject to 50% of otherwise allocated Performance Fees.No Performance Fee will be payable in respect of any Investment of the Fund other than for Direct Investments, Direct Debt Investments and Secondary Investments.

  • The investments of the fund are usually unknown at the time of commitment, and investors typically have little or no ability to influence the investments that are made during the fund’s life.Secondary Investments - Secondary Investments are interests in existing private equity funds that are acquired in privately negotiated transactions, typically after the end of the private equity fund’s fundraising period.

  • The Portfolios, in turn, anticipate that they will draw down their capital commitments as they receive capital calls from Portfolio Investments and Secondary Investments, make Direct Investments, pay expenses or establish reserves, as the case may be, on not less than 5 business days’ prior notice.

  • The Performance Fee in respect of Secondary Investments shall be determined in the same manner, save that the Performance Fee in respect of Secondary Investments shall be determined using a rate of 5%, and also the Performance Fee in respect of Direct Debt Investments shall be determined in the same manner, save that the Performance Fee in respect of Direct Debt Investments shall be determined using a rate of 5% and the Preferred Return rate shall be 4% per annum compounded annually.

  • The Valuation Procedures are applied to all of the Fund’s investments, which primarily consists of the following types of Private Equity Investment strategies: • Secondary Investments refer to investments in existing Private Equity that are typically acquired in privately negotiated transactions.

  • Ethos Capital will make a firstThe Board will continue to monitor the Company’s share price performance and the discount to NAV.COMMITMENTSEthos Capital’s Investment Strategy is to make investment commitments into Funds managed by Ethos, through a combination of Primary, Direct and Secondary Investments, or making commitments to Direct Investments.On 17 November 2016, the Company made a R550 million commitment to the Ethos Mid Market Fund I (“EMMF I”) as a first-close investor.


More Definitions of Secondary Investments

Secondary Investments means all investments by the Fund in private infrastructure funds purchased directly or indirectly from an investor in such fund.
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Related to Secondary Investments

  • Alternative Investments means investments in the said State which are within the ability and competence of the Company or of corporations which are related to the Company for the purposes of the Companies (Western Australia) Code and which are approved by the Minister from time to time as alternative investments for the purpose of this Agreement (which approval shall not be unreasonably withheld in the case of an investment which would add value or facilitate the addition of value, beyond mining, to the mineral resources of the said State);”;

  • Permitted Intercompany Investments means Investments made by (a) a Loan Party to or in another Loan Party, (b) a Subsidiary that is not a Loan Party to or in another Subsidiary that is not a Loan Party and (c) a Subsidiary that is not a Loan Party to or in a Loan Party, so long as, in the case of a loan or advance made pursuant to this clause (c), the parties thereto are party to the Intercompany Subordination Agreement.

  • Alternative Investment Vehicle means an entity created in accordance with the Operative Documents of a Borrower to make investments and that has the right to call on Capital Commitments directly from Investors.

  • Equity Investments shall have the meaning provided in the preamble to this Agreement.

  • Special Purpose Investment Personnel means each SEI Access Person who, in connection with his or her regular functions (including, where appropriate, attendance at Board meetings and other meetings at which the official business of a Trust or any Fund thereof is discussed or carried on), obtains contemporaneous information regarding the purchase or sale of a Security by a Fund. Special Purpose Investment Personnel shall occupy this status only with respect to those Securities as to which he or she obtains such contemporaneous information.

  • Canadian Investment Manager designation means the designation earned through the Canadian investment manager program prepared and administered by CSI Global Education Inc. and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • Temporary Investments shall have the meaning set forth in the Partnership Agreement.

  • Investments as defined in Section 7.8.

  • Equity Investment means (i) an Equity Security; and (ii) an ownership interest in any company or other entity, any membership interest that includes a voting right in any company or other entity, any interest in real estate; and any investment or transaction which in substance falls into any of these categories even though it may be structured as some other form of investment or transaction.

  • Investment Vehicles means any investment company or pooled investment fund, including, but not limited to, mutual fund families, exchange-traded funds, fund of funds and hedge funds, in which a Defendant has or may have a direct or indirect interest, or as to which its affiliates may act as an investment advisor, but of which a Defendant or its respective affiliates is not a majority owner or does not hold a majority beneficial interest.

  • Minority Investment means any Person (other than a Subsidiary) in which the Borrower or any Restricted Subsidiary owns Capital Stock.

  • Prior Period Investments means investments made in a previous evaluation period that are outstanding as of the examination date.

  • PIPE Investment has the meaning specified in the Recitals hereto.

  • Investment Client means (i) any investment company registered as such under the Investment Company Act, any series thereof, or any component of such series for which the Adviser acts as investment adviser; or (ii) any private account for which the Adviser acts as investment adviser.

  • Mezzanine Investments means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.

  • Permitted Joint Venture Investment means, with respect to an Investment by any specified Person, an Investment by such specified Person in any other Person engaged in a Permitted Business (a) over which the specified Person is responsible (either directly or through a services agreement) for day-to-day operations or otherwise has operational and managerial control of such other Person, or veto power over significant management decisions affecting such other Person and (b) of which at least 30% of the outstanding Equity Interests of such other Person is at the time owned directly or indirectly by the specified Person.

  • Initial Investment : means the amount that you initially subscribed to invest into the Plan.

  • Qualifying investment means a capital investment in real property including the purchase price of land and existing buildings, site preparation, building construction, and long-term lease costs. “Qualifying investment” also means a capital investment in depreciable assets.

  • Joint Venture Investment means, with respect to any Obligor, any Investment by such Obligor in a joint venture or other investment vehicle in the form of a capital investment, loan or other commitment in or to such joint venture or other investment vehicle pursuant to which such Obligor may be required to provide contributions, investments, or financing to such joint venture or other investment vehicle and which Investment the Borrower has designated as a “Joint Venture Investment”.

  • Nonpurpose Investment means any investment property, as defined in section 148(b) of the Code, in which Gross Proceeds of the Bonds are invested and which is not acquired to carry out the governmental purposes of the Bonds.

  • Non-Investment Personnel means any Employee that does not meet the definition of Investment Personnel as listed above.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Investment pool means an entity created under the Texas Gov- ernment Code to invest public funds jointly on behalf of the entities that participate in the pool and whose investment objectives in or- der of priority are preservation and safety of principal, liquidity, and yield.

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • Capital investment means an investment in real property, personal property, or both, at a

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.