ICI Releases Form of Fund of Funds Agreement to Assist with Rule 12d1-4 Compliance
By EsqSocial Corporation 26/04/21
The Investment Company Institute (“ICI”) recently published a sample form of fund of funds investment agreement (the “Form Agreement”) to assist registered investment companies and business development companies (“Registered Funds”) desiring to operate as funds of funds in compliance with the new Rule 12d1-4 under the Investment Company Act of 1940, as amended (the “1940 Act”). Rule 12d1-4, which was adopted by the SEC on October 7, 2020, permits a Registered Fund to acquire the securities of...
By: Kilpatrick Townsend & Stockton LLP