Side-Pocket Investment definition

Side-Pocket Investment. An investment held by a hedge fund that has been deemed illiquid by the manager of such hedge fund and is not available for redemption at the direction of an Investor per the frequency provided for in such hedge fund’s offering memorandum or other Governing Documents.
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Side-Pocket Investment means an investment that the BDC Manager believes either lacks a readily assessable market value or should be held until the resolution of a special event or circumstances.
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Side-Pocket Investment means any investment or assets that the General Partner, in consultation with the Investment Adviser, at its absolute discretion designates as a Side Pocket Investment.
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Examples of Side-Pocket Investment in a sentence

  • The designation by the General Partner of a Side Pocket Investment and its allocation to a newly created Side Pocket Class may apply in respect of any type of investment whatsoever.

  • A Side Pocket Investment shall be valued at the Side Pocket Allocation Value unless and until the General Partner in its sole discretion determines that in view of any change of circumstances (including, without limitation, when it becomes possible to re-value a previously difficult to value investment or when an originally illiquid investment becomes more or less liquid), it is appropriate to adjust the value of any Side Pocket Investment.

  • Each investor who is a Limited Partner at the time a Side Pocket Investment is acquired by the Partnership, or at the time an existing investment is designated a Side Pocket Investment by the General Partner, shall be issued Side Pocket Units of the newly created Side Pocket Class pro rata to such Limited Partner’s percentage holding of Units (other than Side Pocket Units) at that time.

  • The Side Pocket Investments will generally be valued at the lower of cost or market less fees, expenses, and contingencies associated with each such Side Pocket Investment, unless the value of such Investment can be determined (other than at the lower of cost and market) in which case, in the discretion of the General Partner, such Side Pocket Investment may be valued using a method other than the lower of cost or market.


More Definitions of Side-Pocket Investment

Side-Pocket Investment means an investment by a Fund which is designated for segregation for accounting purposes from the other assets of the Fund, where (1) performance-based compensation in respect of such investment is charged or allocated only after there is a realization or deemed realization; and (2) after such designation, investors in the Fund who participate in the profits and losses resulting from such investment cannot redeem or withdraw the portion of their interests in the Fund attributable to such investment until there is a realization or deemed realization.
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