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

  • In such circumstances, only those shareholders on the date that the investment has been designated as a Side Pocket Investment will participate in the potential losses and premiums attributable to such Side Pocket Investment.

  • In such circumstances, only those Shareholders on the date that the investment has been designated as a Side Pocket Investment will participate in the potential losses and premiums attributable to such Side Pocket investment.

  • The Investment Adviser may waive or reduce the amount of any accrued fees payable with respect to a Side Pocket Investment in its sole discretion.

  • In such circumstances, only those Shareholders on the date that the investment has been designated as a Side Pocket Investment will participate in the potential losses and premiums attributable to such Side Pocket Investment.

  • The final dividend was paid to shareholders on 26 February 2018.On 1 April 2018, the Board approved the termination of the CATCo Diversified Fund 2014 Side Pocket Investment.

  • The Initial Shares exchanged for Side Pocket Investment Shares will be cancelled as of the date the Directors classify the relevant investments as Side Pocket Investments.

  • The Redemption Price payable to the Shareholders in relation to the redemption of the Side Pocket Investment Shares shall be net of fees, including any accrued Management Fees or Performance Fees payable with respect to such Side Pocket Investment Shares.

  • The Directors’ holdings are immaterial, representing below 1 per cent of the Company NAV.As at 31 December 2018, the Company was due a receivable of $2,297,959 from CATCo Diversified Fund 2015 Side Pocket Investment release and $52,455,283 from Markel CATCo Diversified Fund inclusive of 2016 and 2017 Side Pocket Investment releases and year end redemptions.

  • 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.

  • Other expenses which are quantifiable and directly related to a Side Pocket Investment will be accrued in the price of the relevant Side Pocket Investment Shares.


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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Related to Side Pocket Investment

  • Receivables Net Investment means the aggregate cash amount paid by the lenders or purchasers under any Permitted Receivables Financing in connection with their purchase of, or the making of loans secured by, Receivables Assets or interests therein, as the same may be reduced from time to time by collections with respect to such Receivables Assets or otherwise in accordance with the terms of the Permitted Receivables Documents (but excluding any such collections used to make payments of items included in clause (c) of the definition of Interest Expense); provided, however, that if all or any part of such Receivables Net Investment shall have been reduced by application of any distribution and thereafter such distribution is rescinded or must otherwise be returned for any reason, such Receivables Net Investment shall be increased by the amount of such distribution, all as though such distribution had not been made.

  • 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 (1) in which the Person has significant involvement in the day to day operations and management or veto power over significant management decisions or board or management committee representation and (2) of which at least 20.0% of the outstanding Equity Interests of such other Person is at the time owned directly or indirectly by the specified Person.

  • 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.

  • Anchor Investor Portion means up to 60% of the QIB Portion which may be allocated by our Company, in consultation with the Managers, to the Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations. One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations;