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Basic Question 1 of 7
The Private Equity provisions apply to all of the following except for ______.
II. evergreen funds
III. fund-of-funds investing
IV. secondary investing
I. buy-out investing
II. evergreen funds
III. fund-of-funds investing
IV. secondary investing
User Contributed Comments 6
| User | Comment |
|---|---|
| wuyi | Secondary investing: the purchase of pre-existing limited partnership interests and direct private equity investments. The market develops as a result of investors, who for external reasons, were forced to seek an early exit for their private equity holdings at a discount to fair market value. |
| viannie | Private Equity provisions do not apply for open-end funds and Evergreen funds. For these two types of funds, general GIPS standards applies. |
| ChrisHam | NOT APPLICABLE FOR 1.OPEN END 2.EVERGREEN. |
| shiva5555 | What is an evergreen fund? |
| geofin | (Evergreen fund) A fund in which returns generated on investments are automatically returned to the general pool, with the aim of keeping a continuous supply of capital on hand for investments. www.austinfund.com/faqs.glossary.html |
| johntan1979 | Evergreen = always green = always have greenbacks at hand for investment |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe the key concepts of the GIPS Standards for Firms
CFA® 2024 Level I Curriculum, Volume 6, Module 4.