SEC-PR-2024-102 (Aug. 21, 2024)
SEC Adopts Rule to Update Definition of Qualifying Venture Capital Funds – Rule inflation adjusts the dollar threshold to be considered a qualifying venture capital fund
Washington D.C., Aug. 21, 2024 — The Securities and Exchange Commission today adopted a rule that updates the dollar threshold for a fund to qualify as a “qualifying venture capital fund” for purposes of the Investment Company Act of 1940. The rule updates the dollar threshold to $12 million in aggregate capital contributions and uncalled committed capital, up from the original threshold of $10 million.
Date: Aug. 21, 2024
Accessed: Sep. 21, 2024
Source URL: https://www.sec.gov/newsroom/press-releases/2024-102
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