Sec. 471. Investor limitation for qualifying venture capital funds

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Section 3(c)(1) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–3(c)(1) ) is amended— by inserting after one hundred persons the following: (or, with respect to a qualifying venture capital fund, 500 persons) ; and by adding at the end the following: The term qualifying venture capital fund means any venture capital fund (as defined pursuant to section 203(l)(1) of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–3(l)(1) ) with no more than $50,000,000 in aggregate capital contributions and uncalled committed capital, as such dollar amount is annually adjusted by the Commission to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor. .

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15 USC 80a–3(c)(1)
15 USC 80b–3(l)(1)

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Sec. 471

Investor limitation for qualifying venture capital funds

Cite15 USC 80a–3(c)(1)

Cite15 USC 80b–3(l)(1)

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