Side Pocket Investment definition

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.

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.

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.

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.

• Once the loss position in respect of the NZ and Japan Exposures is clarified, the Side Pocket Investment will be realised and the SP Shares will be exchanged for Master Fund Class A, B and C Shares.

• 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.

• Due to the uncertainty in valuing these investments and the tenure of these contracts, the Master Fund’s Board has designated the Master Fund’s potential NZ Exposures and Japan Exposures as a Side Pocket Investment, represented by a new Class of shares (“SP Shares”).

• 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.

• 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.

• Payment of fees and other expenses relating to the Side Pocket Investment may be paid out of the 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.

More Definitions of Side Pocket Investment

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.