This article is the sixth part of a series analyzing the Securities and Exchange Commission's new definition of a venture capital fund. This part of the series focuses on the requirement that a venture capital fund keep no more than 20% of its total assets in "non-qualifying investments", and explains how a fund's ongoing compliance with this requirement can work.
- Summary by FizzLaw Team
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Deciphering the SEC’s New Definition of a “Venture Capital Fund”: Part 6 – What is the “non-qualifying basket?”