Search results “1940 investment companies act”
Investment Company Act Of 1940
An Easy Overview Of The Investment Company Act Of 1940
Views: 2295 Christopher Hunt
The Securities Act of 1933 and the Securities Exchange Act of 1934
This video discusses how the Securities Act of 1933 and the Securities Exchange Act of 1934 affected financial accounting in the United States. These acts created the Securities and Exchange Commission (SEC) and require publicly-traded companies to be registered with the SEC. Publicly-traded companies must file an annual report (the 10-K), a quarterly report (the 10-Q), and a report whenever there is a material event (the 8-K) such as a bankruptcy, change of ownership, etc. This significantly increased the regulation for public companies in the U.S. and increased protections for investors. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 9499 Edspira
Alternatives: 1940 Act Funds
Top executives address the rapidly changing world of retail alternative investment funds - and how advisers and their clients can capitalize on the new opportunities.
Unit 2 9 Investment Companies
SIE Unit 2 9 Investment Companies
Views: 504 Ronald McConico
Investment Company Act of 1940 | Wikipedia audio article
This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/Investment_Company_Act_of_1940 00:01:14 1 Background 00:02:41 2 Scope 00:04:00 3 Jurisdiction 00:04:32 3.1 Scale 00:05:17 3.2 Type 00:06:24 4 Contents Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. Listen on Google Assistant through Extra Audio: https://assistant.google.com/services/invoke/uid/0000001a130b3f91 Other Wikipedia audio articles at: https://www.youtube.com/results?search_query=wikipedia+tts Upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts Speaking Rate: 0.7755691190905911 Voice name: en-US-Wavenet-F "I cannot teach anybody anything, I can only make them think." - Socrates SUMMARY ======= The Investment Company Act of 1940 is an act of Congress. It was passed as a United States Public Law (Pub.L. 76–768) on August 22, 1940, and is codified at 15 U.S.C. §§ 80a-1–80a-64. Along with the Securities Exchange Act of 1934 and Investment Advisers Act of 1940, and extensive rules issued by the Securities and Exchange Commission, it forms the backbone of United States financial regulation. It has been updated by the Dodd-Frank Act of 2010. Often referenced as the Investment Company Act, the 1940 Act or simply the '40 Act, it is the primary source of regulation for mutual funds and closed-end funds, an investment industry now in the many trillions of dollars. In addition, the '40 Act impacts the operations of hedge funds, private equity funds and even holding companies.
Views: 82 wikipedia tts
Section 17 of the Investment Company Act of 1940 and Affiliated Transactions
In this webinar, we define what constitutes an “affiliated person,” discuss the finer points of Rule 17a-7, and delve into the topic of cross trades. Our presenters go on to share their knowledge about customary transaction fees, recent enforcement actions, fund advisor and fund board responsibilities, along with the rules that apply to transactions and other affiliated transactions. Originally aired January 25, 2017
The SEC's Investment Company Reporting Modernization Rules and Forms: What You Need to Know
The U.S. Securities and Exchange Commission (SEC) recently adopted sweeping new rules and forms to modernize reporting for registered investment companies (funds). The new requirements will dramatically increase the quantity and type of information that funds will provide to the SEC and investors. This webinar examines key components of the new requirements, as well as highlight issues raised by this new reporting regime, and how the new rules and forms may reflect the SEC’s future policy and examination priorities.
Views: 938 Dechert LLP
The 1940 Acts at 75
Panel Discussion on the 1940 Acts at 75 at the Practicing Law Institute
Views: 392 Norm Champ
investment companies
investment companies usa
Views: 9 yousee2
Vice President, Chief Counsel
Position: Vice President, Chief Counsel Where: Northern New Jersey Experience: The candidate should have a minimum of 15 years of corporate, law firm, in-house and/or regulatory legal experience, involving state insurance laws and regulations, FINRA Rules, the Investment Company Act of 1940, the Securities Act of 1933, and the Securities Exchange Act of 1934. Job Summary: A global financial services firm seeks a Vice President Chief Counsel who will be responsible for providing counsel and advice to various internal business units and senior management as well as other members of the Law Department, and will work very closely with the firm’s Privacy Law Team. For More on this Job:
Investment company | Wikipedia audio article
This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/Investment_company 00:02:37 See also Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. Listen on Google Assistant through Extra Audio: https://assistant.google.com/services/invoke/uid/0000001a130b3f91 Other Wikipedia audio articles at: https://www.youtube.com/results?search_query=wikipedia+tts Upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts Speaking Rate: 0.7144794893512854 Voice name: en-GB-Wavenet-C "I cannot teach anybody anything, I can only make them think." - Socrates SUMMARY ======= An investment company is also called pooled investments since the invested money will be pooled together. An investment company is a financial institution principally engaged in investing in securities. The investment company pooled the money to invest in securities. These companies was regulated by the SEC and must be registered under the Investment Company Act of 1940. company whose main business is holding and managing securities for investment purposes. Investment companies invest money on behalf of their clients who, in return, share in the profits and losses. Investment companies are designed for long-term investment, not short-term trading. Investment companies do not include brokerage companies, insurance companies, or banks. In United States securities law, there are at least three types of investment companies: Open-End Management Investment Companies (mutual funds) Face amount certificates companies: very rare. Management companies Closed-End Management Investment Companies (closed-end funds) UITs (unit investment trusts): only issue redeemable units.In general, each of these investment companies must register under the Securities Act of 1933 and the Investment Company Act of 1940. A fourth and lesser-known type of investment company under the Investment Company Act of 1940 is a Face-Amount Certificate Company. A major type of company not covered under the Investment Company Act is private investment companies, which are simply private companies that make investments in stocks or bonds, but are limited to under 250 investors and are not regulated by the SEC. These funds are often composed of very wealthy investors.
Views: 3 wikipedia tts
Guide to investment companies - introduction
This chapter introduces this video on investment companies. Recorded on 1 March 2013. The Association of Investment Companies (AIC) represents investment companies, investment trusts and Venture Capital Trusts. We help our member companies deliver better returns for their investors. We provide investment company guides, information, performance data and news to people interested in finding our more about investment companies. Visit the AIC website: www.theaic.co.uk Follow us on Twitter: www.twitter.com/aicpress Find us on LinkedIn: www.linkedin.com/company/5377029
Preparing for a Regulatory Exam
This video provides tips for preparing for a regulatory exam. For more compliance tips visit www.ria-compliance-consultants.com. During this video, RIA Compliance Consultants discusses Section 204 of the Investment Advisers Act of 1940, which grants the U.S. Securities and Exchange Commission ("SEC") the authority to conduct, at any time, examinations of registered investment advisers. The SEC deems it necessary to conduct such examinations in efforts to protect an investment adviser's clients and investors. One of our compliance consultants discuss the role of the SEC's Office of Compliance Inspections and Examinations ("OCIE") and the goals the OCIE is hoping to achieve by conducting regulatory examinations. Regulatory examinations may be unique to each audited registered investment adviser; however, during this webinar, our compliance consultant discusses the examination process, providing an overview of the process and recommendations for handling the proceeding. Our compliance consultant outlines a recent OCIE report which identifies the current select focus areas regulators are directing their examinations towards, while also providing an overview of key topics covered during 2010 investment adviser examinations. State registered investment advisers must also be prepared for a state securities administrator examination and our compliance consultant provides tips and information for state registered investment advisers. As indicated this webinar focuses on providing tactical tips for preparing for a regulatory examination and will provide viewers with the OCIE core initial request for information. RIA Compliance Consultants, Inc. is a compliance consulting firm. It is not a law firm and does not provide legal services. This video is offered only for educational purposes, is limited, and may not apply to an investment adviser's specific situation. There is no warranty or guaranty associated with this video. Viewing this video does not constitute an engagement with RIA Compliance Consultants, Inc. and should not be considered a substitute for engaging a compliance professional. For more information about RIA Compliance Consultants, Inc. and our services, please visit www.ria-compliance-consultants.com
Views: 4374 RIACompliance
Celebrating 75 years of the Investment Company Act and the Investment Advisers Act
The SEC will commemorate the 75th anniversary of the Investment Company and Investment Advisers Acts on Sept. 29, 2015. More info: http://www.sec.gov/spotlight/75th-anniversary-iac-ica.shtml
Investment  Plan
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Views: 14 Elka Musai
What Is the Securities & Exchange Commission? Is It Effective? U.S. Finance
Within the SEC, there are five divisions. Headquartered in Washington, D.C., the SEC has 11 regional offices throughout the US. The SEC's divisions are:[10] Corporation Finance Trading and Markets Investment Management Enforcement Economic and Risk Analysis Corporation Finance is the division that oversees the disclosure made by public companies, as well as the registration of transactions, such as mergers, made by companies. The division is also responsible for operating EDGAR. The Trading and Markets division oversees self-regulatory organizations such as the Financial Industry Regulatory Authority (FINRA) and Municipal Securities Rulemaking Board (MSRB) and all broker-dealer firms and investment houses. This division also interprets proposed changes to regulations and monitors operations of the industry. In practice, the SEC delegates most of its enforcement and rulemaking authority to FINRA. In fact, all trading firms not regulated by other SROs must register as a member of FINRA. Individuals trading securities must pass exams administered by FINRA to become registered representatives.[11][12] The Investment Management Division oversees registered investment companies, which include mutual funds, as well as registered investment advisors. These entities are subject to extensive regulation under various federals securities laws.[13] The Division of Investment Management administers various federal securities laws, in particular the Investment Company Act of 1940 and Investment Advisers Act of 1940. This division's responsibilities include:[14] assisting the Commission in interpreting laws and regulations for the public and SEC inspection and enforcement staff; responding to no-action requests and requests for exemptive relief; reviewing investment company and investment adviser filings; assisting the Commission in enforcement matters involving investment companies and advisers; and advising the Commission on adapting SEC rules to new circumstances. The Enforcement Division works with the other three divisions, and other Commission offices, to investigate violations of the securities laws and regulations and to bring actions against alleged violators. The SEC generally conducts investigations in private. The SEC's staff may seek voluntary production of documents and testimony, or may seek a formal order of investigation from the SEC, which allows the staff to compel the production of documents and witness testimony. The SEC can bring a civil action in a U.S. District Court, or an administrative proceeding which is heard by an independent administrative law judge (ALJ). The SEC does not have criminal authority, but may refer matters to state and federal prosecutors. The director of the SEC's Enforcement Division Robert Khuzami left the office in February 2013.[15] Among the SEC's offices are: The Office of General Counsel, which acts as the agency's "lawyer" before federal appellate courts and provides legal advice to the Commission and other SEC divisions and offices; The Office of the Chief Accountant, which establishes and enforces accounting and auditing policies set by the SEC. This office has played a role in such areas as working with the Financial Accounting Standards Board to develop Generally Accepted Accounting Principles, the Public Company Accounting Oversight Board in developing audit requirements, and the International Accounting Standards Board in advancing the development of International Financial Reporting Standards; The Office of Compliance, Inspections and Examinations, which inspects broker-dealers, stock exchanges, credit rating agencies, registered investment companies, including both closed-end and open-end (mutual funds) investment companies, money funds. and Registered Investment Advisors; The Office of International Affairs, which represents the SEC abroad and which negotiates international enforcement information-sharing agreements, develops the SEC's international regulatory policies in areas such as mutual recognition, and helps develop international regulatory standards through organizations such as the International Organization of Securities Commissions and the Financial Stability Forum; The Office of Investor Education and Advocacy, which helps educate the public about securities markets and warns investors of fraud and stock market scams; The Office of Economic Analysis, which helps the SEC estimate the economic costs and benefits of its various rules and regulations; and The Office of Information Technology, which supports the Commission and staff in information technology, including application development, infrastructure operations. and engineering, user support, IT program management, capital planning, security, and enterprise architecture. The Inspector General. The SEC announced in January 2013 that it had named Carl Hoecker the new inspector general.[16][17] He has a staff of 22. https://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission
Views: 6459 Way Back
Adam Tracy on Crypto Hedge Funds & Investment Company Act Compliance
Cryptocurrency hedge fund attorney Adam S. Tracy explains how crypto based hedge funds can comply with the requirements of the Investment Company Act --- A former competitive rugby player, serial entrepreneur and, trader attorney, Adam S. Tracy offers over 17 years of progressive legal and compliance experience in the areas of corporate, commodities, cryptocurrency, litigation, payments and securities law. Adam's experience ranges from commodities trader for oil giant BP, initial public offerings, M&A, to initial coin offerings, having represented both startups to NASDAQ-listed entities. As an early Bitcoin adapter, Adam has promoted growth of cryptocurrency and offers a unique approach to representing crypto-clients. Based in Chicago, IL, Adam graduated from the University of Notre Dame with dual degrees in Finance and Computer Applications and would later obtain his J.D. and M.B.A. from DePaul University. Adam lives outside Chicago with his six animals, which is illegal where he lives. Bitcoin website: http://www.twofox.io Primary website: http://www.tracyfirm.com Twitter: https://twitter.com/TracyFirm Youtube: https://www.youtube.com/channel/UCVOa8Iy_RIkmRPwuQliPKfw Linkedin: https://www.linkedin.com/in/adamtracy/ Facebook: https://www.facebook.com/thetracyfirm/ Instagram: @adamtracyattorney Telegram: @adam_tracy Skype: @adamtracyesq Email me: [email protected]
Views: 79 Adam S. Tracy
ETF Securities US - Platinum
Mysterious. Alluring. Versatile. Platinum is one of the rarest precious metals on earth. Its distinctive properties make it highly sought after for use in jewelry, industrial applications*, and as an investment*. The majority of platinum’s demand comes from four sectors*: automotive, industrial, jewelry and investment. *Live Science, August 5, 2016 *World Platinum Investment Council, January 31, 2016 *World Platinum Investment Council, January 31, 2016 For further information, please visit: https://www.etfsecurities.com/institutional/us/en-us Disclosures The ETFS Platinum Trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Shares of the Platinum Trust are not subject to the same regulatory requirements as mutual funds. These investments are not suitable for all investors. Trusts focusing on a single commodity generally experience greater volatility. There are special risks associated with short selling and margin investing. Please ask your financial advisor for more information about these risks. The value of the Shares relates directly to the value of the platinum held by the Trust and fluctuations in the price of platinum could materially adversely affect an investment in the Shares. Several factors may affect the price of platinum including: (1) A change in economic conditions, such as a recession, can adversely affect the price of platinum. Platinum is used in a wide range of industrial applications, and an economic downturn could have a negative impact on its demand and, consequently, its price and the price of the Shares; (2) Investors’ expectations with respect to the rate of inflation; (3) Currency exchange rates; (4) Interest rates; (5) Investment and trading activities of hedge funds and commodity funds; and (6) Global or regional political, economic or financial events and situations. Should there be an increase in the level of hedge activity of platinum producing companies, it could cause a decline in world platinum price, adversely affecting the price of the Shares. Commodities and futures generally are volatile and are not suitable for all investors. Investors buy and sell shares on a secondary market (i.e., not directly from trust). Only market makers or “authorized participants” may trade directly with the fund, typically in blocks of 50k to 100k shares. This material must be accompanied or preceded by the prospectus. Carefully consider the Trust’s investment objectives, risk factors, and fees and expenses before investing. Please view the prospectus at http://etfsecurities.com/etfsdocs/USProspectus.aspx or visit the ETF Securities website: www.etfsecurities.com. ALPS Distributors, Inc. is the marketing agent for ETFS Platinum Trust. ETF0001001 9/1/2017
Start-UP Business: HOW TOs: Investment company registration, Rules and Regulations
Start-UP Business: HOW TOs: Investment company registration, Rules and Regulations The Investment Company Act of 1940 The Securities Act of 1933 Statement of Additional Information By Start-UP Business Subscribe Like us on Facebook: Start-UP Business #howtomakemoney #money #makingmoney #investment # philippines #trending #cash #fastcash #quickloans #business #finance #startupbusiness #startups #entreprenuer #makemillions
Views: 613 Start-Up Business
Legally, What Makes "Private Equity" Different?
What actually is a "private equity fund"? What makes PE funds different from other funds---who can invest and what are the key exemptions from securities laws? Jeff Tabak a long-time private funds lawyer explains for TalksOnLaw in this TOL Brief. ► http://www.talksonlaw.com for more legal explainers and interviews with the titans of law visit ► Patreon: TalksOnLaw is on Patreon! You can support us directly by signing up at: http://www.patreon.com/talksonlaw ► Facebook: http://www.facebook.com/talksonlaw ► Instagram: http://www.instagram.com/talksonlaw ► Twitter: http://www.twitter.com/talksonlaw TRANSCRIPT "Private equity funds have played a significant role in the economy for some time now. What makes a private equity fund different from other funds that own mutual funds or other stocks? Hi, I'm Jeff Tabak, and I'm going to talk a little bit about what makes private funds different. Bear in mind that a lot of what we're going to talk about is going to be general in nature. So there are some nuances and other differences that we're not going to go into detail about today. One of the major statutes that you have deal with when you’re offering and selling securities is the Securities Act of 1933. But when you're raising a private equity fund, you don't have to worry about registering with the SEC. So there's actually exemption from registering under the 33 Act for private placements for private equity funds. So how does a private equity fund avoid having to register? Well what it relies upon is a safe harbor under the 33 Act that we call "Regulation D." In order to satisfy the safe harbor, the investors will need to satisfy certain requirements. Most private equity funds offer their securities only to "Accredited Investors." That's a defined term under the 33 Act, but it includes (a) individuals with net worths of at least $1 million, excluding their primary residence, or (b) income of at least $200 thousand a year or $300 thousand with their spouse for the last two years with a reasonable expectation of that same income in the current year, or (c) entities with at least $5 million of net worth. Also, the issuer cannot engage in a general solicitation. What I tell clients is that means they can't go into Central Park and suddenly distribute their private placement memorandum to anyone who walks by who might be interested in their fund. Another statute that governs private equity funds is the Investment Company Act of 1940. Private equity funds rely on two exceptions in order to avoid registration. One is called section 3(c)(1), and the other one is section 3(c)(7). Let’s talk about 3(c)(1) first. Under section 3(c)(1), the investment company has to have not more than 100 beneficial owners in order to qualify for that exception. Under 3(c)(7), the issuer can sell only to what are called "Qualified Purchasers." A Qualified Purchaser is an individual with at least $5 million of investment assets or an entity with at least $25 million of investment assets. That makes the group of investors who are eligible to participate pretty limited. The last relevant statute for raising a private equity fund is the Investment Advisers Act of 1940. That governs the registration of investment advisors. Before the financial crisis, managers were generally exempt from registering. But since Dodd Frank and the financial crisis, most large managers have to register with the SEC as an investment advisor. We used to tell managers that it really wasn't a big deal. They just had to file a form and go about their business. But what's happened is that investment advisors now have to have very strict compliance policies and procedures, and the SEC has now come in on a regular basis to examine many private equity fund managers. This has led to an increased amount of enforcement actions by the SEC over the course of the last few years, and has cost fund managers a significant amount of money. That's a big change over the way private equity funds used to operate. So what makes private equity funds different from other investment vehicles? They are still exempt from the 33 Act; they are still exempt from the 40 Act, but now managers have to pay attention to the Advisers Act of 1940. I'm Jeff Tabak. Thanks for watching TalksOnLaw."
What is CLOSED-END FUND? What does CLOSED-END FUND mean? CLOSED-END FUND meaning & explanation
What is CLOSED-END FUND? What does CLOSED-END FUND mean? CLOSED-END FUND meaning - CLOSED-END FUND definition - CLOSED-END FUND explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A closed-end fund (CEF) or closed-ended fund is a collective investment model based on issuing a fixed number of shares which are not redeemable from the fund. Unlike open-end funds, new shares in a closed-end fund are not created by managers to meet demand from investors. Instead, the shares can be purchased and sold only in the market. This is the original design of the mutual fund which predates open-end mutual funds but offers the same actively managed pooled investments. In the United States, closed-end funds sold publicly must be registered under both the Securities Act of 1933 and the Investment Company Act of 1940. Closed-end funds are usually listed on a recognized stock exchange and can be bought and sold on that exchange. The price per share is determined by the market and is usually different from the underlying value or net asset value (NAV) per share of the investments held by the fund. The price is said to be at a discount or premium to the NAV when it is below or above the NAV, respectively. A premium might be due to the market's confidence in the investment managers' ability or the underlying securities to produce above-market returns. A discount might reflect the charges to be deducted from the fund in future by the managers, uncertainty due to high amounts of leverage, concerns related to liquidity or lack of investor confidence in the underlying securities. In the United States, closed-end funds are referred to under the law as closed-end companies and they form one of three SEC recognized types of investment companies along with mutual funds and unit investment trusts. Examples of closed-ended funds in other countries are investment trusts in the United Kingdom and listed investment companies in Australia. Closed end funds are typically traded on the major global stock exchanges. In the United States the New York Stock Exchange is dominant although the NASDAQ is in competition; in the United Kingdom the London Stock Exchange's main market is home to the mainstream funds although AIM supports many small funds especially the venture capital trusts; in Canada, the Toronto Stock Exchange lists many closed-end funds. Like their better-known open-ended cousins, closed-end funds are usually sponsored by a fund management company which will control how the fund is invested. They begin by soliciting money from investors in an initial offering, which may be public or limited. The investors are given shares corresponding to their initial investment. The fund managers pool the money and purchase securities or other assets. What exactly the fund manager can invest in depends on the fund's charter, prospectus and the applicable government regulations. Some funds invest in stocks, others in bonds, and some in very specific things (for instance, tax-exempt bonds issued by the state of Florida in the USA).
Views: 1395 The Audiopedia
New Mountain Finance rings the NYSE Closing Bell
On Monday, May 21, New Mountain Finance visits the NYSE to mark the company's first year of trading on the NYSE. In honor of the occasion, Chairman of the Board of Directors Steven B. Klinsky, Chief Executive Officer Robert A. Hamwee and Chief Financial Officer Adam B. Weinstein ring The Closing BellSM. About New Mountain Finance Corporation (NYSE: NMFC) New Mountain Finance Corporation is a closed-end, non-diversified and externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended. The Company used all of the proceeds from its initial public offering and the proceeds from its concurrent private placement to acquire common membership units from New Mountain Finance Holdings, L.L.C. The investment objective of New Mountain Finance Holdings, L.L.C. is to generate current income and capital appreciation through the sourcing and originating of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities. In some cases, investments may also include equity interests. New Mountain Finance Holdings, L.L.C.'s investment activities are managed by its Investment Adviser, New Mountain Finance Advisers BDC, L.L.C., which is an investment adviser registered under the Investment Advisers Act of 1940. More information about New Mountain Finance Corporation can be found on the Company's website at http://www.newmountainfinance.com. (Source: New Mountain Finance Corporation)
Mayar Capital Annual Partners Meeting 2018 - London, United Kingdom
This communication is for information purposes only. It is not an invitation to buy or sell any of the securities or fund(s) referred to herein and is not a personal recommendation or advice on investments, taxation or on any other matter. The prospectus and supplement of the fund are the only authorised documents for offering of shares of the fund and these may only be distributed in accordance with the laws and regulations of each appropriate jurisdiction in which any potential investor resides. This communication has been prepared by Mayar Capital Management Ltd. (“MCM”) on behalf of Mayar Fund Ltd. (“Mayar Fund”). It is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. Within the EEA, the fund is only available to Professional Investors as defined by local Member State law and regulation. Outside the EEA, the fund is only available to Professional Clients or Eligible Counterparties as defined by the FCA, and in compliance with local law. This communication is not intended for distribution in the United States (“US”) or for the account of US persons, as defined in the Securities Act of 1933, as amended, except to persons who are "Accredited Investors", as defined in that Act and "Qualified Purchasers" as defined in the Investment Company Act of 1940, as amended. It is not intended for distribution to retail clients. Mayar Capital Advisors Ltd. (“MCA”), the Investment Advisor to the Fund, is an Appointed Representative of Privium Fund Management (UK) Limited ("Privium"). Privium is authorised and regulated by the Financial Conduct Authority ("FCA") in the United Kingdom. We believe the information in the document is based on reliable sources, but its accuracy cannot be guaranteed. The views expressed are the views of MCM at time of publication and may change. Where this document contains “forward-looking” information, including estimates, projections and subjective judgment and analysis, no representation is made as to their accuracy or that these projections will be realised. Neither MCM, nor MCA, nor Privium are liable for any losses relating to the accuracy, completeness or use of information in this communication, including any consequential loss. Investments In this fund carry risks including possible loss of principal. Investments in the fund are not insured, nor are they bank deposits or guaranteed by a bank or any other entity. Where comparisons are made to an index, this is for information only and should not be interpreted to mean that there is a correlation between the portfolio and the index. Past performance does not necessarily predict future results and the capital value of the fund’s investments and the income generated can fluctuate. Where investments are exposed to currencies other than the base currency of the fund, they may be subject to foreign exchange rate fluctuations. The registered office of Mayar Capital Management Ltd. is One Artillery Court, 161a Shedden Road, Grand Cayman, Cayman Islands P.O. Box MP 10085, KY1-1001 The registered office of Privium is The Shard, 24th Floor, 32 London Bridge Street, London, SE1 9SG Copyright©2018, Mayar Capital Management Ltd. All Rights Reserved
TPG Specialty Lending Celebrates IPO on the NYSE
Executives and guests of TPG Specialty Lending, Inc., a specialty finance company focused on lending to middle-market companies, will visit the New York Stock Exchange (NYSE) to celebrate the company's recent completion of its initial public offering. TPG Specialty Lending, Inc. began trading today, Friday, March 21, 2014, on the NYSE under the ticker symbol "TSLX". To mark this special occasion, Joshua Easterly and Michael Fishman, joined by members of the company's management team, will ring the NYSE Opening Bell on Tuesday, March 25. About TPG Specialty Lending, Inc. (NYSE: TSLX) TSL is a specialty finance company focused on lending to middle-market companies. Since TSL began its investment activities in July 2011, it has originated more than $2.6 billion aggregate principal amount of investments and retained more than $1.7 billion aggregate principal amount of these investments on its balance sheet prior to any subsequent exits and repayments. It seeks to generate current income primarily in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine loans and investments in corporate bonds and equity securities. The companies in which it invests use its capital to support organic growth, acquisitions, market or product expansion and recapitalizations. Most of its investments are floating-rate in nature, which TSL believes will help act as a portfolio-wide hedge against inflation. As of December 31, 2013, TSL's portfolio had a fair value of approximately $1,016.5 million and consisted of 27 portfolio companies. TSL has elected to be regulated as a business development company, or a BDC, under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder. TSL is externally managed by TSL Advisers, LLC (the "Adviser"), an SEC-registered investment adviser with offices throughout the United States. The Adviser sources and manages TSL's portfolio through a dedicated team of investment professionals with significant expertise in middle market lending. TSL leverages the deep investment, sector, and operating resources of TPG Special Situations Partners ("TSSP"), the dedicated special situations and credit platform of TPG, with over $8.5 billion of assets under management, and the broader TPG platform, a leading global private investment firm with over $59 billion of assets under management, each as of December 31, 2013, as adjusted for commitments accepted on January 2, 2014.