The secondary market for limited partner interests in venture capital funds has witnessed robust growth in recent years as an increasing number of existing venture fund investors seek an early exit from their positions for...more
8/26/2024
/ Capital Gains ,
Capital Gains Tax ,
Foreign Investment ,
Internal Revenue Code (IRC) ,
Investment Funds ,
Investors ,
IRS ,
Limited Partnerships ,
Secondary Markets ,
Venture Capital ,
Withholding Requirements ,
Withholding Tax
Provided that they meet certain criteria, venture capital funds are not required to be registered as an “investment company” by the U.S. Securities and Exchange Commission (the “SEC”) under the Investment Company Act of 1940...more
What are they? A letter agreement between a portfolio company and an investing venture capital fund which provides the venture capital fund with certain “management rights” that allow it to substantially participate in, or...more