Private Investment Fund

(redirected from Private Investment Companies)

Private Investment Fund

An investment company with fewer than 100 investors, no intention of making a public offering, and members who have a significant amount of funds invested elsewhere. Under section 3C1 of the Investment Company Act of 1940, private investment funds are not required to register with the SEC. These companies usually have very wealthy individual investors who are thought to be sufficiently knowledgeable about the market so as not to require the same oversight other investors and companies need. A hedge fund is a common example of a private investment fund. It is also called a private investment company.
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References in periodicals archive ?
Mahmoud Mohieddine, the Minister of Investment said that the there were 70,000 private investment companies in Egypt in fiscal year 2009/10 with 655 billion LE ($114 billion) in capital.
Archway Technology Partners is a software company supporting the operations of private investment companies such as Hedge Funds, Fund of Funds, Family Offices, MultiFamily Offices, Fund Administrators and Venture Capital Funds.
Scully, who has been hinting since May that he wanted to leave his federal role, says he has been in discussions with three law firms and two private investment companies concerning possible positions.
The AICPA has created a task force to develop guidance related to the implementation by private investment companies of certain provisions of the AICPA Audit and Accounting Guide Audits of Investment Companies.
Many unsophisticated and sophisticated clients alike are being advised that, in order to alleviate their concerns regarding the protection of their assets from the probate process and possible inheritance taxes, they need to resort to elaborate schemes and structures involving the use of offshore trusts and several layers of offshore private investment companies (PLC).
DEG was purchased from Halliburton for $1.55 billion in cash by a pair of private investment companies, First Reserve Corp.
There are multiple initiatives in the proposal which includes the President's New Market Initiative and creation of America's Private Investment Companies (APICS), creation by the Small Business Administration of New Markets Venture Capital firms, nine new Empowerment Zones, new incentives for all existing and new Empowerment Zones, Rep.
Eligible funds would include a wide range of entities, including community development banks and other community development financial institutions, venture funds, for-profit subsidiaries of community development corporations, America's Private Investment Companies and New Markets Venture Capital Firms.
America's Private Investment Companies (APICs): This is a HUD/SBA proposal designed to create investment funds with a minimum of $25 million in private capital which would also be eligible for the New Markets Tax Credits.
For larger projects, the President wants Congress to create an America's Private Investment Companies (APIC) for projects requiring up to $300 million in investment.
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