Angel Investors Network

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    Investment Advisers Act

    The SEC's Venture Capital Fund Exemption (Section 203(l) / Rule 203(l)-1): What Every LP Needs to Know
    Regulatory & Compliance

    The SEC's Venture Capital Fund Exemption (Section 203(l) / Rule 203(l)-1): What Every LP Needs to Know

    TL;DR: Section 203(l) of the Investment Advisers Act and its implementing Rule 203(l)-1 let venture capital fund managers skip SEC registration and, more importantly, skip routine SEC examinations. Th

    Jeff Barnes, MBA··11 min read